'Caused by the administration': Expert blames Trump for 'economic uncertainty'

A former chairman of the White House's economic advisors argued that President Donald Trump is entirely responsible for high economic uncertainty.

Speaking to MSNBC on Friday, Jason Furman, who served on the White House counsel under President Barack Obama, said that the enormous swings of decisions on tariffs and pauses on tariffs are leading to economic chaos.

First, he pointed out that those who assume federal workers aren't necessary aren't looking at what those federal workers actually do for the government.

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"When you're thinking about federal jobs, ask what they're doing at the IRS, they're collecting taxes that are owed," he said. "When we have fewer of them, we're going to miss out potentially on billions of dollars of what will be tax cheating. When they're dealing with international AIDS programs, you're talking about children dying around the world. So, the point of those federal jobs isn't to help the economy. It's to do the important work that they're doing. And that's what most concerns me there."

But economic uncertainty is causing many concerns, he said. The Dow Jones Industrial Average had its worst week this year, and Trump is the only one to blame for unpredictability, according to the analyst.

"The uncertainty is 100% caused by the administration. They've said they need to 'detox,' make a change," explained Furman. "They didn't need to announce 25% tariffs, then take them off for a month, then put them back on, then partly take them off, then further, partly take them off, then say they're putting them back on. None of that has anything to do with Joe Biden, anything to do with detox. Those are all their choices."

Those decisions are "fueling the uncertainty," he said.

"We can debate the magnitude, but the sign for the economy is clear. It's a minus sign," he lamented.

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