All posts tagged "Economist"

A conservative economic expert warned Monday that a Republican lawmaker worth millions had made a mistake after a CBS interview.

Jessica Riedl, a fellow at the Brookings Institution and budget policy expert who has worked on four different presidential campaigns, described why Sen. John Kennedy's (R-LA) message on "Face the Nation" could backfire for the Republican Party with midterms looming.

"Americans aren't even willing to pay for causes they believe in and that directly benefit them (trust me, I'm a federal budget expert)," Riedl wrote on X. "Telling them to pay significantly for causes that most don't even care about (and right before an election!) is political malpractice."...

A prominent economist on Thursday warned that President Donald Trump's economy has raised some concerns.

Justin Wolfers, an economics and public policy professor at the University of Michigan, responded to a new report from the Department of Labor, which indicated the United States has added fewer jobs in June — just 57,000 jobs that month.

"Each month we just learn a little bit more about the economy," Wolfers said. "We've seen a few really, really good months, and it was a 'yabba dabba doo' moment. I was very excited. And what we see here is maybe we shouldn't be so excited. This is an economy that is not as hot as we might have thought a month ago. It's also not an economy that's sinking by any means — it's treading water; it's doing OK. Let's cross our fingers and try not to do anything wrong, and hopefully we'll keep it."...

WASHINGTON/NEW YORK (Reuters) - Nobel Prize winner Peter Diamond said on Sunday he planned to withdraw as a nominee for Federal Reserve governor, after his nomination was repeatedly opposed by Republicans.

HONG KONG (AFP) – China could overtake the United States as the world's largest economy if it maintains annual growth of eight percent over the next 20 years, the World Bank's chief economist said Wednesday.

MADRID – British economist Nicholas Stern said the price of fighting climate change is now higher than he estimated in a 2006 study that earned him a 400,000-euro (530,000) Spanish award on Friday.

Romer: New spending can be paid for with cuts in the future