Jason Furman
Professor of Practice at Harvard. Teaches Ec 10, some tweets might be educational. Also Senior Fellow @PIIE. Was Chair of President Obama's CEA.
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Great personal income data. Strong income growth. Moderate consumption growth. Prices down in the month of July--excluding food & energy up at only a 1.0% annual rate in the month....
A lot of well intentioned, thoughtful people seem to be misunderstanding the inflation argument around student loan debt relief and its relevance in assessing the policy. Let me ex...
The economy grew at a 0.4% (annual rate) in Q2. That follows 0.1% growth in Q1. This is consistent with some of the easing of the recession fears lately and somewhat better than wh...
Pre-registering my analysis of the revised GDP numbers coming out at 8:30am: I'm going to headline the avg of GDP (total final sales) & GDI (total incomes) as the featured numbers...
Pouring roughly half trillion dollars of gasoline on the inflationary fire that is already burning is reckless. Doing it while going well beyond one campaign promise ($10K of stude...
3 possibilities if transferring $250b to a group: 1. They raise their consumption (now and/or in future). Total output unchanged or rises by less--consumption of others falls. 2....
Student loan relief is not free. It would be paid for. Part of it would be paid for by the 87% of Americans who do not benefit but lose out from inflation. Part of it would be paid...
My latest @wsjopinion makes the case for the Fed raising rates by 75bp at the next meeting based on the data so far--although should continue to be data dependent. I make four poi...
Median & trimmed-mean CPI tell a similar story to core--all show underlying inflation was slower in July than it was in the last few months. Median slowed a bit less than in core,...
A great CPI report. If you use the unrounded numbers the headline was actually -0.02%, deflation! Core was +0.3%, the lowest since September 2021. The more intertial parts of core,...
Productivity data is out for Q2 showing (no surprise) the largest two-quarter decline on record. This is true even with a much more optimistic path for output. This is a risk for...
Fascinating picture of the increase in stockouts over the last 8 months (this is products that are temporarily unavailable or an unusual increase in permanently discontinued ones)....