Professor of economics in the University of Iowa's Tippie College of Business
“Tariff whiplash” has been a popular phrase lately, as President Donald Trump has announced and delayed tariffs on goods from Canada, Mexico and China. OnMarch 10, China imposed taxes on American agricultural products such as pork and chicken, after Trump increased the levy on Chinese imports to 20%. OnMarch 12, the European Union imposed new…
Government spending is built into the formula for calculating GDP.
The Harris-Trump debate opened with an exchange over the economy, a top priority for voters.
Powell has been very clear that inflation is unacceptably high and we have to stay the course to get it down. Markets have been a little hopeful that we could have a pause – I don't see that happening.