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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReplacing taxes with tariffs: Breaking down Trump's tariff-for-tax cuts planJason Furman, Harvard’s Kennedy School of Government economics professor and former CEA chairman, and EJ Antoni, Heritage Foundation economist, join 'Squawk Box' to discuss former President Trump's tax plan, replacing taxes with tariffs, impact on the economy, and more.
Persons: Jason Furman, EJ Antoni, Trump's Organizations: Harvard’s Kennedy School of Government, Heritage Foundation
Experts react to January’s CPI report
  + stars: | 2024-02-13 | 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 EmailExperts react to January’s CPI reportSkanda Amarnath, Employ America executive director, EJ Antoni, research fellow at The Heritage Foundation, and CNBC's Rick Santelli and Steve Liesman join 'Squawk Box' to react to January's CPI data.
Persons: Skanda Amarnath, EJ Antoni, Rick Santelli, Steve Liesman Organizations: The Heritage Foundation
New York CNN —The US economy wasn’t supposed to expand this much — or even at all — after so many rate hikes. But against all odds, the economy grew at an annualized rate of almost 5% last quarter, the Commerce Department reported Thursday. By making it more expensive for businesses and consumers to borrow money, those rate hikes were intended to get people to cut back on spending. For a while, many economists feared that the Fed’s rate hikes would climb too high too fast that it would give rise to a recession. That is to say that without more interest rate hikes, there could be a growing risk that inflation will accelerate even more.
Persons: ” said David Beckworth, , That’s, , it’s, Courtney Shupert, Shupert, there’s, EJ Antoni Organizations: New, New York CNN, Commerce Department, Federal Reserve, George Mason University, Treasury Department, CNN, Productivity, Workers, Labor Department, Heritage Foundation Locations: New York
WASHINGTON, Jan 10 (Reuters) - U.S. Treasury Secretary Janet Yellen is digging in to oversee billions of dollars in federal climate and infrastructure spending that she believes will transform the economy, close associates say, defying demands from Republicans to step down. Yellen told CNBC late last year that she was "in good company" in misjudging inflation, and that Biden's COVID spending plans were needed to boost the recovery. White House and Treasury officials say inflation was spurred by supply chain problems and exacerbated by Russia's invasion of Ukraine, but note that inflation is now easing and investments in manufacturing will reduce future supply chain log-jams. Treasury had no comment on the Republican concerns, but officials have previously said the department's policies are overdue and urgently needed. In addition to advancing Biden's domestic climate agenda, Treasury officials say another key priority for Yellen in 2023 will be advancing reforms of the World Bank and other multilateral lenders to free up more resources for countries to address climate change and other priorities.
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