Clarida, a former vice-chairperson of the Federal Reserve and now global economic adviser to Pimco, said the market may be underestimating the possibility that inflation will not stall this year, but start to decline significantly to 2 per cent. This may be due to the small increase in actual tariffs and the rumored...
According to CNBC, White House economic adviser Hassett said that Trump will take action at a time of his choosing to end tariff exemptions on steel.
Bernstein, the White House economic adviser, said inflation is slowing and is now close to the Federal Reserve's 2% target; real wages are rising and underlying economic conditions remain solid; and the jobs report could be distorted by recent hurricanes.
Bernstein, a Biden economic adviser, said the U.S. economy is trending in the right direction.