Justin Wolfers

Economist Justin Wolfers pushed back against President Donald Trump’s inconsistent recent remarks on trade deals, taxes, and tariff revenue, calling his position "fundamentally incoherent." What Happened: On Tuesday, the Australian economist dismissed Trump's claim that tariff revenue could...

Australian economist Justin Wolfers came down on Congressional stock trading, calling it “absurd” and a “weird flaw” that needs to be addressed. What Happened: On Wednesday, Wolfers, a professor of economics and public policy at the University of Michigan shared a short...

U.S. stock futures plummeted on Thursday after advancing on Wednesday. Futures of major benchmark indices were down over 2-3% in premarket trading. Invoking a 1977 law, President Donald Trump declared a trade emergency Wednesday, arguing it was necessary to address the U.S.’s "large and...

Former Secretary of the Treasury Lawrence H. Summers, also known as Larry Summers, described the tariffs imposed by President Donald Trump as the “most expensive and masochistic” move by the U.S., which could roil the economy, erasing trillions of dollars. What Happened: Summers...

Leading economists reacted with alarm after President Donald Trump announced sweeping new tariffs on U.S. trading partners, with some projecting potential economic losses of up to $20 trillion. What Happened: “Monstrously destructive, incoherent, ill-informed tariffs based on fabrications,...

President Donald Trump‘s announcement of a 25% tariff on auto imports has sparked widespread concern among economists and market analysts, with many warning of potential severe economic consequences. What Happened: The tariffs, set to take effect on Apr. 3, aim to boost domestic auto...

As the S&P 500 enters into a correction zone, leading economists weigh in on whether the U.S. economy is headed toward a recession amid an escalating trade war. What Happened: Lawrence H. Summers, former U.S. Treasury Secretary, lambasted recent tariff policies, warning of potential recession...

Stock futures dropped Sunday evening as investors react to mounting concerns about the U.S. economic outlook and President Donald Trump‘s trade policies. What Happened: Dow Jones Industrial Average futures fell 0.54% to 42,608.00, while S&P 500 futures declined 0.62% to 5,740.00. Nasdaq-...

Prominent economists and market experts are offering sharply contrasting perspectives on the potential economic impact of Elon Musk‘s role in the Department of Government Efficiency (DOGE), highlighting broader debates about the Donald Trump administration’s fiscal policies. What...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk, who serves on the Department of Government Efficiency (DOGE) under the President Donald Trump administration sparked a discussion about Social Security Administration (SSA) data accuracy on Tuesday, sharing statistics showing millions of Americans over 100...

U.S. tariffs imposed by President Donald Trump on imports from Canada, Mexico, and China are rattling markets and stirring sharp reactions from economists. The measures, which include a 25% duty on most Canadian and Mexican goods and a 10% tariff on Chinese imports, have heightened concerns over...

U.S. stock futures were mixed on Wednesday ahead of the crucial earnings from key U.S. technology companies and the Federal Reserve’s expected pause on rate cuts. Futures of all benchmark indices were up, except Dow Jones. Traders will be waiting for cues from Fed Chairman Jerome Powell...

According to Goldman Sachs Global Investment Research, the U.S. stock market falls in both instances, when it announces tariffs and when other countries announce retaliatory tariffs. What Happened: Economist Justin Wolfers, who is a professor at the University of Michigan, in an X post, highlighted...

A leading economist warns that U.S. consumers may rush to purchase big-ticket items in the fourth quarter, anticipating President-elect Donald Trump‘s proposed 20% tariff on imports. What Happened: “I wonder whether we are going to see a burst of spending on consumer durables in Q4, as...

Influential economist Justin Wolfers noticed a significant shift in prediction market odds at Polymarket, sparking speculation about the declining influence of a whale heavily betting in favor of former President Donald Trump. What Happened: Wolfers, in his X post on Sunday, drew attention to the...