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☆ Why so many men in the US have stopped working
▼ + stars: | 2024-04-28 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +10 min

AdvertisementIt could be all about recessionsSince the 1950s, whenever the US economy fell into a recession, the rate of working men tended to suffer a lasting blow. AdvertisementWhy have recessions appeared to have such a lasting impact on working men? The strong recovery of men working after the pandemic recession could be due to the unique nature of this downturn — which tanked an otherwise healthy economy. And of course, some lucky prime-age men aren't working because they've had a lot of financial success — and already retired. Deciphering how much these explanations have fueled the decline of working men could be worthy of further explanation, the economists said.

Persons: —, It's, Abigail Wozniak, Wozniak, David Autor, There's, Jason Furman, Barack Obama's, Elise Gould, Gould, aren't, we've, John M, Coglianese, they've Organizations: Service, Federal Reserve Bank of Minneapolis, Massachusetts Institute of Technology, Washington Post, of Labor Statistics, San Francisco Fed, BLS, Economic, Economic Policy Institute, Federal Reserve

☆ Jason Furman on the case against student loan relief: We have an economy that hasn't landed softly
▼ + stars: | 2024-04-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJason Furman on the case against student loan relief: We have an economy that hasn't landed softlyJason Furman, Harvard’s Kennedy School of Government economics professor and former CEA chairman, joins 'Squawk Box' to discuss why he's against the Biden administration's student loan forgiveness proposal, why he believes the plan is poorly targeted and will make inflation worse, President Biden's budget proposal, FTC's ban on noncompete clauses, the Fed's interest rate outlook, and more.

Persons: Jason Furman, Biden's Organizations: Harvard’s Kennedy School of Government, Biden

☆ Surging inflation fears sent markets tumbling and Fed officials scrambling
▼ + stars: | 2024-04-13 | by ( Jeff Cox | ) www.cnbc.com time to read: +8 min

Energy prices, which have been a major factor in the past two months' inflation readings, pushed higher on signs of further geopolitical turmoil. Minutes released Wednesday from the March Fed meeting showed officials were concerned about higher inflation and looking for more convincing evidence it is on a steady path lower. Sticky price CPI entails items such as housing, motor vehicle insurance and medical care services, while flexible price is concentrated in food, energy and vehicle prices. "If that's the case, you would require a decent amount of unemployment to get inflation all the way to 2.0%." That's why Furman and others have pushed for the Fed to rethink it's determined commitment to 2% inflation.

Persons: Spencer Platt, —, Stocks, Jason Furman, We've, Israel, Jim Paulsen, Wells, Substack, Paulsen, Furman, Barack Obama, Jamie Dimon, John Williams, Susan Collins, it's, Larry Fink Organizations: Getty, Investors, Dow Jones, CNBC, of Economic Advisers, New York Fed, National Federation of Independent Business, Labor Department, JPMorgan, University of Michigan's, Boston, Commerce, CPI, Citigroup, Fed, Atlanta Fed, Dallas Fed, Harvard, BlackRock Locations: Manhattan, New York City, Iran, Israel

☆ Job data suggests ‘soft landing’ is increasingly likely, economists say
▼ + stars: | 2023-12-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Luis Alvarez | Digitalvision | Getty ImagesThe U.S. economy inched closer to a so-called "soft landing" after a new batch of labor data, economists said. Why a soft landing is like 'Goldilocks' porridge'Steaming bowl of oatmeal porridge, made with Irish oats, wheat berries and barley. A soft landing is like "'Goldilocks' porridge' for central bankers," Brookings Institution economists wrote recently. How the labor market fits inWhy the job market is already 'back into balance'The latest labor data added to encouraging news about a likely soft landing, economists said. Despite the large monthly decline, job openings are still 25% above their February 2020 level, she added.

Persons: Luis Alvarez, Jason Furman, Obama, Jon Lovette, Julia Pollak, Pollak Organizations: Digitalvision, Federal Reserve, U.S . Department of Labor, Labor, Harvard University, White House Council, Economic Advisers, Getty, Fed, Brookings, American Economic Association

☆ Powell knows inflation is down 'but still way above where he wants it to be': Fmr. CEA Chair Furman
▼ + stars: | 2023-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPowell knows inflation is down 'but still way above where he wants it to be': Fmr. CEA Chair FurmanJason Furman, Former Council of Economic Advisers Chair, 'Closing Bell Overtime' to talk today's FOMC meeting and the central banks decision to leave rates unchanged.

Persons: Powell, Furman Jason Furman Organizations: CEA, Furman, of Economic

☆ Tensions are boiling over as America's elite colleges respond to Hamas' terrorist attack on Israel
▼ + stars: | 2023-10-13 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Tensions have boiled over around how colleges are responding to Hamas' terrorist attack on Israel. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementTensions are running high at America's elite colleges, as students, professors, and well-connected, wealthy alumni respond to Hamas' terrorist attack on Israel. At Harvard, the much-maligned student letter has been deleted, after several student groups retracted their support for it.

Persons: —, Bill Ackman, Mark Rowan, Stanford, Larry Summers, Summers, Joe McCarthy, Jason Furman, Ackman, Israel, Alex Morey Organizations: Elite, Harvard, Yale, Penn, Service, Harvard Palestine Solidarity Groups, Cambridge, University of Pennsylvania, Apollo Global Management, Twitter, Indiana University, Columbia University, New York Police, . Police, Bloomberg, NYU, University of Arizona, Foundation, Rights Locations: Israel, Penn, Palestine, New York, Hamas, Gaza

☆ Harvard is temporarily closing off its historic center to visitors at night, as backlash continues to roil against students blaming Israel for Hamas' attacks
▼ + stars: | 2023-10-13 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Harvard told students in an email that its historic center would be closed to non-ID holders nightly until Monday, the Harvard Crimson reported. Harvard Yard is the oldest part of the university campus and is where most freshman dormitories are housed. The move comes amid an escalating backlash against student groups that cosigned a letter blaming Israel for the Hamas attacks. AdvertisementAdvertisementHarvard is closing off its historic center, Harvard Yard, to visitors at night until Monday, amid an escalating backlash against students who cosigned a letter blaming Israel for the Hamas attacks, the Harvard Crimson reported Thursday, citing an email sent to students. Harvard Yard is a 25-acre green space that is the oldest part of the university campus and is where most freshman dormitories are housed.

Persons: Israel, —, Meredith Weenick, Bill Ackman, Larry Summers, Jason Furman, Boaz Barak, Harvard Hillel Organizations: Harvard, Harvard Crimson, Service, Harvard Yard, Harvard University Police Department Locations: Israel

☆ A Harvard professor says a former student is getting doxxed over the letter blaming Israel for Hamas' attacks — even though they graduated in 2021
▼ + stars: | 2023-10-12 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +5 min

A letter signed by over 30 Harvard student groups blaming Israel for the Hamas attacks has drawn significant backlash. One Harvard professor says a person who said they recently graduated and had no involvement with the letter has been doxxed. AdvertisementAdvertisementA letter signed by Harvard student groups that blamed Israel for the Hamas attacks has drawn significant backlash from figures like billionaire investor Bill Ackman and Senator Ted Cruz. The person wrote they had been doxxed in relation to the letter despite having nothing to do with it. "We, the undersigned student organizations, hold the Israeli regime entirely responsible for all unfolding violence," wrote the letter, which was signed by over 30 Harvard student groups.

Persons: Israel, —, Bill Ackman, Ted Cruz, Jason Furman, Twitter —, I've, Furman, doxxing, We'll, Harvard Hillel, Ackman Organizations: Harvard, Service, Harvard Kennedy School, Twitter, Palestine Solidarity Committee, Harvard Crimson Locations: Israel, Palestine

☆ A Harvard economics professor wants Bill Ackman to know that two wrongs don't make a right
▼ + stars: | 2023-10-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

AdvertisementAdvertisementA Harvard economics professor has criticized calls from executives like Bill Ackman to publicly out students who blamed Israel for Hamas attacks. Furman was weighing in on the fallout from the controversial joint statement from the Harvard Palestine Solidarity Groups. This statement, issued by multiple Harvard student groups, held the "Israeli regime entirely responsible for all unfolding violence." AdvertisementAdvertisement"I admire @BillAckman, including for his efforts to exonerate the innocent," Furman added in a subsequent X post on Wednesday. At least five of the original 34 student groups who signed the letter have withdrawn their endorsements, per a Tuesday report by The Harvard Crimson.

Persons: Jason Furman, Bill Ackman's, Israel, Furman, —, Bill Ackman, Obama, Ackman, wouldn't Organizations: Harvard Crimson, Service, Harvard, Harvard Palestine Solidarity Groups, Furman

☆ Bill Ackman says it's not harassment to ask for the pro-Hamas Harvard students to be named — it's a CEO's due diligence
▼ + stars: | 2023-10-12 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +4 min

Bill Ackman is tripling down on his stance that Harvard should name its pro-Hamas students. It's "not harassment to seek to understand the character of the candidates," Ackman wrote. AdvertisementAdvertisementBillionaire investor Bill Ackman says it's not harassment to ask for pro-Hamas Harvard students to be named — it's due diligence. Ackman was separately criticized by Harvard economics professor Jason Furman for his stance that the students should be named. "I admire @BillAckman, including for his efforts to exonerate the innocent," Furman added in a subsequent X post on Wednesday.

Persons: Bill Ackman, It's, Ackman, —, it's, Israel, Jason Furman, Furman, Obama Organizations: Harvard, Service, Pershing, Twitter, Publishing, Ackman

☆ A truck drove around Harvard displaying names and photos of students it said were involved with the letter blaming Israel for Hamas' attacks
▼ + stars: | 2023-10-12 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

More than 30 Harvard student groups signed a letter blaming Israel for the Hamas attacks. A driver rode around Harvard in a truck with names and images of students it linked to the letter. AdvertisementAdvertisementOn Sunday, dozens of Harvard student groups cosigned a letter blaming Israel for the brutal Hamas attacks over the weekend. Images on social media appear to show that the students' names and images appeared alongside the title "Harvard's leading antisemites." The letter at the heart of the controversy was cosigned by more than 30 Harvard student groups.

Persons: Israel, —, Jason Furman, Furman, Bill Ackman Organizations: Harvard, Service, Harvard Crimson, Media, Harvard Kennedy School, Publishing

☆ A truck drove around Harvard displaying names and photos of students reported to be involved with the letter that blamed Israel for Hamas' attacks
▼ + stars: | 2023-10-12 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

More than 30 Harvard student groups signed a letter condemning Israel for the Hamas attacks. On Wednesday, a truck drove through Harvard naming and shaming students it claimed was connected to the letter. AdvertisementAdvertisementOn Sunday, several Harvard student groups released a controversial letter letter blaming Israel for the brutal Hamas attacks over the weekend. The letter at the heart of the controversy was co-signed by more than 30 Harvard student groups. "We, the undersigned student organizations, hold the Israeli regime entirely responsible for all unfolding violence," the letter read.

Persons: Israel, —, Jason Furman, Furman, Bill Ackman Organizations: Harvard, Service, Harvard Crimson, Media, Harvard Kennedy School, Publishing

☆ Fmr. CEA chairman Jason Furman: Maybe what we're seeing here is labor supply, not labor demand
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. CEA chairman Jason Furman: Maybe what we're seeing here is labor supply, not labor demandJason Furman, Harvard’s Kennedy School of Government professor and former CEA chairman under President Obama, Tyler Goodspeed, Cato Institute adjunct scholar and former acting CEA chair, Sair Malik, Nuveen CIO, and CNBC’s Steve Liesman, join 'Squawk Box' to break down the September jobs report.

Persons: Jason Furman, Obama, Tyler Goodspeed, Sair Malik, Steve Liesman Organizations: Harvard’s Kennedy School of Government, Cato

☆ Here's where the jobs are for September 2023 — in one chart
▼ + stars: | 2023-10-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The 96,000 net jobs gain last month was more than the combined total for August and July. The U.S. labor market saw broad gains in September in a surprisingly strong jobs report that sparked a quick sell-off in the bond market . Bars and restaurants were the strongest group within leisure and hospitality, adding 61,000 jobs. That is up sharply from the 6,000 jobs added in the same month a year ago. The job market has continued to defy expectations of a significant slowdown, and in fact the numbers for August and July were revised upward.

Persons: Jason Furman, Furman, they've, subsector Organizations: Bureau of Labor Statistics, Harvard, National Economic Council, BLS, Permanente, Screen Actors Locations: U.S

☆ The first thing the Fed needs to do is get inflation under control: Former CEA chair Jason Furman
▼ + stars: | 2023-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe first thing the Fed needs to do is get inflation under control: Former CEA chair Jason FurmanJason Furman, former CEA chairman under President Obama and Harvard Kennedy School economics professor, joins 'Squawk on the Street' to discuss his expectations for the government shutdown, a potential rating downgrade for the United States, and more.

Persons: Furman Jason Furman, Obama Organizations: Harvard Kennedy School Locations: United States

☆ I worked in the White House as an unpaid intern. The job was intense and fascinating — here's what my day looked like.
▼ + stars: | 2023-09-26 | by ( Aria Yang | ) www.businessinsider.com time to read: +10 min

Julian Sarafian is a 29-year-old former White House intern from Sacramento, California. AdvertisementAdvertisementThis as-told-to essay is based on a conversation with Julian Sarafian, a 29-year-old former White House intern from Sacramento, California. It's a 10 to 15 minute walk to the White House grounds, and I even walked there on cold and snowy days. It's the side where visitors often gather to take photos of the White House, so it was neat walking in like a VIP. They were accompanied by the White House groundskeeper and were often spotted around the grounds.

Persons: Julian Sarafian, Barack Obama, Joe Biden, —, Barack Obama's, Obama, Jason Furman, I'd, It's, wasn't, Sarafian, interning, Sunny, Yang Organizations: White, Service, UC Berkeley, UC Washington Program, of Economic Advisors, FBI, of Economic, of Economic Advisers, DC, UC Washington, Secret, Harvard Law School Locations: Sacramento , California, Washington ,, Dupont, Washington

☆ Fed's higher for longer decision is due to unemployment data, not inflation: Fmr. CEA Chair Furman
▼ + stars: | 2023-09-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's higher for longer decision is due to unemployment data, not inflation: Fmr. CEA Chair FurmanJason Furman, Former Council of Economic Advisers Chair and Krishna Guha, Evercore ISI Vice Chairman, join 'Closing Bell Overtime' to talk the Fed's decision to leave interest rates unchanged this month.

Persons: Furman Jason Furman, Krishna Guha, Evercore Organizations: CEA, Furman, of Economic

☆ The SALT deduction is like the trickle-down economics for Democrats, says Harvard's Jason Furman
▼ + stars: | 2023-08-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe SALT deduction is like the trickle-down economics for Democrats, says Harvard's Jason FurmanErica York, Tax Foundation senior economist, and Jason Furman, Harvard Kennedy School professor and former Chairman of the Council of Economic Advisers under President Obama, join 'Squawk Box' to discuss a new study from the Tax Policy Center, which found that loopholes in the SALT cap are costing the federal government $20 billion a year after generating between 80% to 85% of its intended revenue, and more.

Persons: Harvard's Jason Furman Erica York, Jason Furman, Obama Organizations: Tax Foundation, Harvard Kennedy School, of Economic Advisers, Tax, Center

☆ Why the U.S. has a productivity problem
▼ + stars: | 2023-08-25 | by ( Jeff Huang | In Jefftchuang | ) www.cnbc.com time to read: +1 min

Enter the labor productivity metric. But labor productivity in the U.S. has been falling. Prior to the data from the most recent quarter, the country had seen five consecutive quarters of year-over-year declines in worker productivity. "Sluggish productivity means sluggish growth. Watch the video above to find out more about how labor productivity is measured, how effective a metric it is for economists, the reasons behind the slowdown in productivity and the impact it has on the U.S. economy.

Persons: Jason Furman, Barack Obama, Greg Daco, Furman Organizations: Federal Reserve, Harvard Kennedy School, of Economic Advisers, of Labor Statistics Locations: U.S

☆ Federal Reserve Chair Jerome Powell hints at more bad news for consumers
▼ + stars: | 2023-08-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —Additional interest rate hikes are still on the table and rates could remain elevated for longer than expected, Federal Reserve Chair Jerome Powell said Friday. “Additional evidence of persistently above-trend growth could put further progress on inflation at risk and could warrant further tightening of monetary policy,” Powell said. “So what does that mean for monetary policy? The Fed chair said higher interest rates are likely pulling on the economy’s reins, implying that r* might not be structurally higher, though he said it’s an unobservable concept. But we cannot identify with certainty the neutral rate of interest, and thus there is always uncertainty about the precise level of monetary policy restraint,” Powell said.

Persons: Jerome Powell, Powell, ” Powell, ” William English, Jason Furman, ” Organizations: DC CNN, Kansas City, Fed, Financial, Atlanta Fed, National Federation of Independent, Yale University, Fed’s, Governors, CNN, Commerce Department, Index, Harvard Locations: Washington, Jackson Hole , Wyoming

☆ Paul Krugman and Mohamed El-Erian are divided over the Fed's inflation target ahead of Powell's speech
▼ + stars: | 2023-08-23 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

Paul Krugman backed calls for the Fed to change its inflation target to 3% – but Mohamed El-Erian says there's little chance of that happening. The two economists voiced their views ahead of Fed chair Powell's speech at Jackson Hole on Friday. "It is very hard for a central bank to change an inflation target when it has been missing it so consistently," El-Erian said. The two economists' comments come ahead of Fed chair Jerome Powell's speech at the 2023 Jackson Hole Economic Symposium on Friday. "It is very hard for a central bank to change an inflation target when it has been missing it so consistently," El-Erian told CNBC on Monday.

Persons: Paul Krugman, Mohamed El, there's, Jackson, Erian, Jerome Powell's, Jason Furman's, Krugman, it's, Powell Organizations: Service, CNBC Locations: Wall, Silicon

☆ Asking the Fed to adjust its inflation target would be like waving a Pride flag at a DeSantis rally, Paul Krugman says
▼ + stars: | 2023-08-23 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Paul Krugman has long been a critic of the Fed's 2% inflation target, and suggests the goal be bumped up to 3%. But central bankers' reaction to such suggestions is similar to what "you'd get if you waved a Pride flag at a DeSantis rally," he says. It's not the first time that Krugman has called for a 3% inflation target. But economist Mohamed El-Erian disagrees – warning there's no chance the Fed will calibrate its inflation target, even though it's a strong argument. AdvertisementAdvertisement"So yes, there's a theoretical argument for a higher inflation target, but don't look for chair Powell to touch that issue in any significant way," he added.

Persons: Paul Krugman, Krugman, we'd, Ron DeSantis, I've, It's, Jason Furman's, Mohamed El, it's, Erian, Powell, Jerome Powell's Organizations: New York Times, Service, Florida, CNBC Locations: Wall, Silicon

☆ The Fed should be preparing everyone for more hikes, says Fmr. CEA Chair Jason Furman
▼ + stars: | 2023-08-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed should be preparing everyone for more hikes, says Fmr. CEA Chair Jason FurmanJason Furman, Former Council of Economic Advisers chair, joins 'Closing Bell Overtime' to talk the Federal Reserve's next moves ahead of Jackson Hole.

Persons: Jason Furman Jason Furman, Jackson Organizations: of Economic Advisers

☆ The last mile of inflation is going to be the hardest, says former CEA chairman Jason Furman
▼ + stars: | 2023-08-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe last mile of inflation is going to be the hardest, says former CEA chairman Jason FurmanJason Furman, former CEA chairman under President Obama and Harvard Kennedy School economics professor, joins 'Squawk Box' to discuss the state of inflation, what's behind the decline in inflation over the past year, recession fears, and more.

Persons: Jason Furman Jason Furman, Obama Organizations: Harvard Kennedy School

☆ US investors are searching overseas for opportunities
▼ + stars: | 2023-08-03 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Despite the gains in US stocks this year, some investors are looking for opportunities elsewhere. That’s despite what’s been shaping up to be a banner year for the US stock market — at least prior to this week’s US credit rating downgrade (more on that below). But some investors say that cheaper valuations for non-US stocks, compared to their domestic counterparts, are enticing some on Wall Street to look for deals overseas. The S&P 500 index currently trades at about 19.6 times its expected earnings, according to FactSet. That MSCI All Country World ex USA index has risen roughly 9% on a US dollar basis, underperforming the S&P 500.

Persons: Goldman Sachs, That’s, what’s, ”, Adam Turnquist, China’s, Jimmy Lee, bode, Fitch, ” Richard Francis, CNN’s Matt Egan, Francis, “, ” Francis, Janet Yellen, Obama, Jason Furman, Larry Summers, Read, Sam Stovall Organizations: CNN Business, Bell, CNN, Investors, Federal Reserve, LPL, Global, The Wealth Consulting, America, Fitch, Treasury Department, AAA

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