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☆ AI could split workers into 2: The ones whose jobs get better and the ones who lose them completely
  + stars: | 2024-04-15 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +7 min
Lower-income workers without a college degree could be at the most risk of AI job replacement. AdvertisementNothing is certain about the future of AI technologies, but three things are becoming more clear. That said, if and when some AI job replacement does come, some workers could be more at risk than others. Conversely, 17% of high school graduates had jobs with high AI exposure, and 14% had jobs with both high AI exposure and low performance requirements. Re-training workers who lose their jobs due to AI could help move the needle in a more positive direction.
Persons: —, It's, Angus Deaton, Deaton, he's Organizations: Service, of Economic Advisors, Walmart, Target Locations: China
☆ CEA chair on jobs report: Good news for working families
  + stars: | 2024-02-02 | 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 EmailCEA chair on jobs report: Good news for working familiesJared Bernstein, Council of Economic Advisors chair, joins 'Money Movers' to discuss Friday's jobs report, the wage gains despite fewer hours worked, and whether inflation can reach the Fed's target with the current economic strength.
Persons: Jared Bernstein Organizations: Economic Advisors
☆ Americans don't have to worry about interest rates getting higher in the Fed's latest move
  + stars: | 2023-11-01 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +4 min
The Federal Reserve continued its pause on interest rate hikes in November. Still, uncertainty going into 2024 suggests an interest rate cut won't happen anytime soon. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Still, while the Federal Open Market Committee has remained cautiously optimistic about the direction the economy is moving toward, it doesn't anticipate interest rate cuts will happen anytime soon. Its meeting minutes from September stated that some participants felt it necessary to shift the conversation from "how high to raise the policy rate to how long to hold the policy rate at restrictive levels."
Persons: —, Jerome Powell, Powell, we've, Janet Yellen, Goldman Sachs, David Solomon Organizations: Federal Reserve, Service, Federal, Market Committee, White House's Council, Economic Advisors, Bloomberg, United Auto Workers Locations: American, Ukraine, China
☆ 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
☆ We're in an 'incredible economic moment' with disinflation amid tight labor market, says CEA Chair
  + stars: | 2023-08-25 | 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 EmailWe're in an 'incredible economic moment' with disinflation amid tight labor market, says CEA ChairCNBC's Steve Liesman and Jared Bernstein, chair of President Biden's Council of Economic Advisors, join 'Squawk Box' to discuss the state of the U.S. economy, effects of Bidenomics, inflation outlook, and more.
Persons: Steve Liesman, Jared Bernstein Organizations: Biden's, Economic Advisors Locations: U.S
☆ How Biden's new student-loan repayment plan could keep borrowers from owing far more debt than they originally took out
  + stars: | 2023-08-22 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +4 min
Biden formally launched the new income-driven repayment plan, known as the SAVE plan. Interest capitalization often keeps borrowers in repayment without being able to touch their principal balance. AdvertisementAdvertisementThe new SAVE plan would work to prevent that from happening. AdvertisementAdvertisementAside from the SAVE plan, the Education Department had previously announced plans to tackle growing interest on borrowers' balances. The formal launch of the SAVE plan comes as the student-loan payment pause is about to end after over three years.
Persons: Biden, Joe Biden's, Biden's Organizations: Service, Economic Advisors, CEA, Education Department, Higher Locations: Wall, Silicon, Biden's
☆ Watch CNBC's full interview with Robert Reich, Tyler Goodspeed and Marc Morial
  + stars: | 2023-07-07 | 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 EmailWatch CNBC's full interview with Robert Reich, Tyler Goodspeed and Marc MorialRobert Reich, former Labor Secretary, Marc Morial, National Urban League president and CEO, and Tyler Goodspeed, former Council of Economic Advisors acting chair, join 'Last Call' to discuss the June jobs report and why there might still be concern in the labor market.
Persons: Robert Reich, Tyler Goodspeed, Marc Morial Robert Reich, Marc Morial Organizations: Labor, National Urban League, of Economic Advisors
☆ Permanent child tax credits could encourage Americans to reenter the workforce: Tyler Goodspeed
  + stars: | 2023-07-07 | 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 EmailPermanent child tax credits could encourage Americans to reenter the workforce: Tyler GoodspeedRobert Reich, former Labor Secretary, Marc Morial, National Urban League president and CEO, and Tyler Goodspeed, former Council of Economic Advisors acting chair, join 'Last Call' to discuss the June jobs report and why there might still be concern in the labor market.
Persons: Tyler Goodspeed Robert Reich, Marc Morial, Tyler Goodspeed Organizations: Labor, National Urban League, of Economic Advisors
☆ The US economy is doing way better than the rest of the rich world
  + stars: | 2023-07-07 | by ( Noah Sheidlower | ) www.businessinsider.com   time to read: +4 min
The US is performing much better than many other wealthy nations when comparing economic growth and inflation rates. The US had the highest GDP growth since the start of the pandemic among the G7 countries, an informal group of industrialized democracies. Even when taking out food and energy prices, which were especially elevated in Europe due to the invasion of Ukraine, the US came in below the other G7 countries. Despite this data, "inflation going forward remains considerably uncertain across all G7 nations, including the US," the CEA wrote. But despite the US's outperformance on GDP and inflation, many Americans are still worried about the nation's economy.
Persons: —, Joanne Hsu, Hsu Organizations: US, Service, OECD, Commerce Department, White House Council of Economic Advisors, Index, CEA, University of Michigan, Consumers Locations: Canada, Italy, Germany, Japan, Europe, Ukraine
☆ 'The market is shrugging off' possible debt default, says Vertitas' Greg Branch
  + stars: | 2023-05-05 | 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 Email'The market is shrugging off' possible debt default, says Vertitas' Greg BranchFormer Council of Economic Advisors Chair Tyler Goodspeed, Former Congresswoman Donna Edwards (D-Maryland), and Veritas Financial Founder Greg Branch join 'Last Call' to discuss the risk involved with the upcoming debt ceiling showdown in Congress and what that means for the stock market.
☆ Watch CNBC's full interview with Tyler Goodspeed, Donna Edwards and Greg Branch
  + stars: | 2023-05-05 | 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 EmailWatch CNBC's full interview with Tyler Goodspeed, Donna Edwards and Greg BranchFormer Council of Economic Advisors Chair Tyler Godspeed, Former Congresswoman Donna Edwards (D-Maryland), and Veritas Financial Founder Greg Branch join 'Last Call' to discuss the risk involved with the upcoming debt ceiling showdown in congress and what that means for the stock market.
☆ White House weighing the possibility of a short-term debt ceiling extension
  + stars: | 2023-05-05 | by ( Kayla Tausche | Kristen Welker | Garrett Haake | ) www.cnbc.com   time to read: +4 min
According to the U.S. Chamber of Commerce, a short-term extension of the debt ceiling has been enacted six times since 1993 to buy time for a broader package to take shape. For now, the White House remains committed publicly to its position pushing for a long-term solution and remains open to a two-track process to negotiate spending separately from the debt ceiling. "This is not our plan," a White House spokesperson said of a short-term extension. Moderate Democrats in Congress have signaled a willingness to vote for a short-term extension — making it an option that could pass through a deeply divided legislative branch. "I think if the White House understands how important it is for us to do things like claw back unobligated Covid funds, not spend $500 billion on an unconstitutional student loan forgiveness, start to unlock American energy," Johnson tells NBC News, "I think they're going to find Republicans receptive if the White House understands our values."
☆ China wants the dollar's dominance to fade - and the US should defend its reserve currency status, Biden nominee says
  + stars: | 2023-04-19 | by ( George Glover | ) www.businessinsider.com   time to read: +3 min
Lawmakers should raise the debt ceiling to defend the greenback's reserve currency status, he says. "I think there's some evidence that it does," he told Tennessee Senator Bill Hagerty, who had asked whether China wants the dollar's dominance as the global reserve currency to fade. "There are extremely important privileges, and even in the realm of security [there are] benefits to having the reserve currency," Bernstein added. "One of the most obvious is of course sanctions — if you control the reserve currency, you are able to impose sanctions as we've done on Russia to considerable effect." Read more: The anti-dollar drive spearheaded by Asia has spread to Europe, with France growing sour on the greenback's dominance.
☆ The bond market is signaling concern over the economy, says The New York Times' Joe Rennison
  + stars: | 2023-03-24 | 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 EmailThe bond market is signaling concern over the economy, says The New York Times' Joe RennisonBen White of Politico, The New York Times' Joe Rennison and former acting chairman of the Council of Economic Advisors Tyler Goodspeed, join CNBC's Brian Sullivan and 'Last Call' to discuss money being pulled from U.S. banks and whether Deutsche Bank is in trouble.
☆ Former CEA Chair Glenn Hubbard: The Fed should continue to raise rates
  + stars: | 2023-03-20 | 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 EmailFormer CEA Chair Glenn Hubbard: The Fed should continue to raise ratesGlenn Hubbard, former Council of Economic Advisors chair, joins 'Closing Bell: Overtime' to discuss Amazon's layoffs and the Fed's next move.
☆ Fmr. Council of Economic Advisors Chair Jason Furman breaks down his op-ed's call for a more hawkish Fed
  + stars: | 2023-03-03 | 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. Council of Economic Advisors Chair Jason Furman breaks down his op-ed's call for a more hawkish FedJason Furman, fmr. Council of Economic Advisors chair, joins 'Closing Bell: Overtime' to discuss his reasoning for the Fed to go faster and higher with its rate hikes.
☆ Biden taps Fed's Brainard, Bernstein for top economic jobs as part of White House reshuffle
  + stars: | 2023-02-14 | by ( Emma Kinery | ) www.cnbc.com   time to read: +4 min
In recent weeks, Jeff Zients has replaced Ron Klain as White House chief of staff. Kate Bedingfield, White House communications director, said she plans to leave at the end of the month. The pair will have tremendous influence over economic policy at a tricky time for the United States. As NEC director, Brainard will be tasked with crafting the president's economic agenda and coordinating economic responses between various agencies. "He is an expert on worker empowerment and a worker-centric economic policy, which has long been the heart of my economic vision."
☆ We see signs of easing inflation, says White House economic adviser Heather Boushey
  + stars: | 2023-02-06 | 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 EmailWe see signs of easing inflation, says White House economic adviser Heather BousheyHeather Boushey, Council of Economic Advisors, joins 'Squawk Box' to discuss the strength of the U.S. economy, the Federal Reserve's mandate, and more.
☆ CEA Chair Cecilia Rouse weighs in on Chevron's $75 billion stock buyback announcement
  + stars: | 2023-01-26 | 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 EmailCEA Chair Cecilia Rouse weighs in on Chevron's $75 billion stock buyback announcementWhite House Council of Economic Advisors Chair Cecilia Rouse joins 'Closing Bell" to discuss Chevron's $75 billion buyback program, moderating price per GDP, and investing in America's infrastructure and productivity.
☆ Strong jobs report will put a lot of pressure on Fed, says Kevin Hassett
  + stars: | 2023-01-06 | 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 EmailStrong jobs report will put a lot of pressure on Fed, says Kevin HassettKevin Hassett, former chairman of the Council of Economic Advisors under President Trump, joins 'Squawk Box' to discuss how big of a problem the employment picture is, what average hourly earnings would surprise Hassett and Hassett's thoughts on the equity front this year.
☆ The White House's Economic Message
  + stars: | 2022-12-06 | by ( Sara Eisen | ) 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 White House's Economic MessageInflation, rising interest rates ansarad slower (or perhaps negative) economic growth have already posed significant challenges to the Biden Administration. The new congress will add threats of government shutdowns and debt ceiling defaults to the mix. One of the President's longest-serving economic advisors, Jared Bernstein, White House Council of Economic Advisors Member, discusses how the administration plans to navigate the nation's economic challenges and how it will convince the American people it is achieving its goals. CNBC's Sara Eisen interviewed him at the 2022 CNBC CFO Council Summit on November 30, 2022.
☆ Economist Austan Goolsbee named next Chicago Fed president
  + stars: | 2022-12-01 | by ( ) www.cnbc.com   time to read: +3 min
Economist Austan Goolsbee will take over as president of the Chicago Federal Reserve early next year as the central bank weighs critical policy moves ahead, according to an announcement Thursday. "Austan is an exceptional choice to be the next president of the Federal Reserve Bank of Chicago. Goolsbee comes to the Chicago Fed at a sensitive time for the central bank. A Chicago Fed release announcing the appointment said the new district president is "a leading empirical economist" whose research spans a wide variety of topics. Goolsbee called the Chicago Fed "one of the crown jewels" of the central bank system.
☆ Exclusive: India to offer incentives to boost shipbuilding industry - sources
  + stars: | 2022-12-01 | by ( Manoj Kumar | ) www.reuters.com   time to read: +3 min
NEW DELHI, Dec 1(Reuters) - India plans to offer cash subsidies, lower taxes and other incentives to bolster its shipbuilding industry, two government sources said, as part of an effort to reduce the pain of high freight rates for the nation's manufacturers. RISK TO EXPANDING TRADEThe Federation of Indian Export Organisations (FIEO) and the shipbuilding industry have sought the concessions, arguing that India needs to build its shipping industry due to growing risks of expanding trade with sanctions-hit Russia. India could save at least $25 billion annually in foreign exchange if government incentives helped private companies to develop the local shipping industry, he added. India has around 35 shipbuilding companies, including some state-owned firms. Its maritime freight industry consists of about 1,500 vessels with a gross tonnage capacity of around 13 million tonnes.
☆ CEA Chair Cecilia Rouse: We understand inflation is a challenge
  + stars: | 2022-10-13 | 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 EmailCEA Chair Cecilia Rouse: We understand inflation is a challengeCecilia Rouse, Council of Economic Advisors chairwoman, joins 'TechCheck' to discuss the worldwide battle with inflation, the possibility for the Fed to achieve a soft landing, and the U.S. on track to reduce its deficit this year.
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