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Paul Krugman Says Cut Rates 'Now Now Now,' As New York Fed's Inflation Measure Hits 2.06%: 'The Eagle Has Soft Landed'
Monday, July 29, 2024 - 9:39pm | 658Paul Krugman, a renowned economist and Nobel Prize laureate, has urged the Federal Reserve to promptly implement rate cuts as the New York Fed’s inflation measure hits 2.06%. What Happened: Krugman took to social media platform X to share his thoughts. He emphasized the need for immediate...
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Trump VP Choice JD Vance Is A Tech-Bro Pick, Says Paul Krugman — Same People Last Year Were Infatuated With Robert Kennedy Jr.
Thursday, July 25, 2024 - 10:28pm | 663The Republican vice-presidential nominee, J.D. Vance, has been under the spotlight for his connections with the tech industry. Nobel Prize-winning economist, Paul Krugman, recently highlighted this aspect of Vance’s background. What Happened: Krugman took to X to remind his followers of Vance...
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Bitcoin-Critic Peter Schiff Slams Federal Reserve's Inflation Handling, Backs Return To Gold Standard; Krugman Seeks Rate Cuts
Thursday, July 11, 2024 - 10:19pm | 883A prominent economist and vocal Bitcoin (CRYPTO: BTC) critic Peter Schiff criticized the Federal Reserve’s role in inflation and advocated a return to the gold standard. His comments came amid calls for rate cuts by Nobel laureate Paul Krugman. What Happened: Schiff took to X to express his...
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Powell's Debt Warning, Cramer's Market Strategy, And Krugman On Trump Tariffs: This Week In Economics
Sunday, July 7, 2024 - 6:10am | 629The past week has been a whirlwind of market predictions and economic insights. From Federal Reserve Chair Jerome Powell’s warning about the U.S. debt path to Robert Kiyosaki’s prediction of a historic market crash, the financial world has been buzzing with speculation and analysis....
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Paul Krugman Says Trump Tariffs Will Hurt 80% Of Americans, Benefit Only The Top 1%: 'Burden Would Fall On…Working Class And The Poor'
Thursday, July 4, 2024 - 2:50am | 659Presumptive Republican candidate Donald Trump is rumored to have told Republican lawmakers that he would replace taxes with tariffs, and Nobel laureate and noted economist Paul Krugman on Tuesday weighed in on the ramifications of such a policy move. Consumers To Bear Brunt? Much against claims by...
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Staunch Biden Supporter Paul Krugman Gives Up On President After Debate Fiasco? 'We Need To Recognize Reality'
Monday, July 1, 2024 - 4:26am | 586President Joe Biden lost considerable support following what is perceived to be a dismal performance in the first presidential debate held Thursday. Noted economist Paul Krugman, who is pro-Biden, said on Friday that it might be time for the president to call it quits. What Happened: Biden failed...
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Prominent Economist Paul Krugman Says 'Inflation Beaten,' Underlines This As Reason For Sticky Pricing Pressure
Sunday, June 30, 2024 - 1:06pm | 649Paul Krugman, an authority in economics and Noble Prize winner, commented on Friday’s inflation data that showed a further easing in pricing pressure, prompting an increase in the odds of rate cuts. Inflation War Won? “Inflation looks beaten,” said Krugman in a post on X, formerly...
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Trump's Let Off The Hook Despite His 'Completely Unworkable And Disastrous' Policy Proposals, Says Top Economist Paul Krugman
Tuesday, June 18, 2024 - 3:05am | 698Presumptive Republican candidate Donald Trump kicked up a storm last week with his rumored policy proposal of doing away with income taxes and supplanting them with additional tariffs. Noted economist Paul Krugman weighed in with his thoughts on the former president’s tenure and his policies...
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Larry Summers Warns Donald Trump's Fiscal Policy Could Inflict More Damage Than One That Precipitated Great Depression: 'Prescription For The Mother Of All Stagflations'
Sunday, June 16, 2024 - 1:33pm | 658Former Treasury Secretary Larry Summers on Friday said he hasn’t seen a more inflationary economy policy than that of presumptive presidential candidate Donald Trump in his lifetime, calling it an “irresponsible set of proposals.” Biggest Supply Shock: Trump’s tariff...
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Trump's Tax Agenda Could Lead To 133% Tariffs And Inflation Spike, Says Paul Krugman: 'Just Ignorant'
Friday, June 14, 2024 - 2:32am | 705After CNBC reported that presumptive Republican presidential candidate Donald Trump is considering replacing income taxes in the U.S. with additional import tariffs to offset the revenue shortfall, Nobel laureate and economist Paul Krugman shared his views on the matter through a series of posts on...
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No Income Tax, Yes To High Import Tariffs? Trump Floats Idea To CEOs, GOP Lawmakers
Thursday, June 13, 2024 - 2:07pm | 799Former President Donald Trump has changed the Republican Party’s economic policy in recent years, opting for protectionism and tariffs in a historic departure from conservative norms. Trump floated a new policy idea to CEOs and lawmakers in a meeting ahead of the 2024 election. What Happened...
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Mohamed El-Erian Says Softer Than Expected May Inflation Makes A 'Solid Case' For Rate Cut, Peter Schiff Holds The View Latest Numbers Mean 'Nothing' (CORRECTED)
Thursday, June 13, 2024 - 11:03am | 922Editor’s Note: A typo in the headline of this article has been corrected. The Federal Reserve, under Jerome Powell, kept interest rates within the 5.25-5.50% range for the seventh consecutive meeting on Wednesday, as widely anticipated by the market. This decision highlights the contrasting...
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Economist Paul Krugman Reacts To May CPI Data: 'Inflation Has Basically Been Defeated'
Wednesday, June 12, 2024 - 11:36am | 425Consumer Price Index (CPI) data released by the U.S. Bureau of Labor Statistics on Wednesday was cooler than expected. Shortly afterward, Nobel Prize-winning economist Paul Krugman reacted to the data, expressing optimism about the economy’s future. What Happened: Krugman posted on the social...
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Paul Krugman Slams Beijing's Economic Model: 'World Will Not Accept Everything China Wants To Export'
Monday, June 3, 2024 - 7:31am | 523Renowned economist Paul Krugman has voiced concerns about China’s economic approach, stating that the country’s leaders are “bizarrely unwilling” to shift focus from production to consumer demand. What Happened: Krugman, a Nobel laureate in economics, expressed his...
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Paul Krugman Says 'Inflation Bump Is Over,' Jamie Dimon Warns Of Potential Stagflation And More: This Week In Economics
Sunday, June 2, 2024 - 7:00am | 484The past week has been a rollercoaster ride for the financial world. From inflation concerns to potential stagflation, and from revised economic growth figures to record-breaking home prices, the market has seen it all. Here’s a quick recap of the top stories that made headlines. Inflation...