The Federal Reserve defied President Trump by hiking interest rates by a quarter point amid concerns about inflation. Meanwhile, Trump continues to downplay the affordability crisis. University of Michigan Professor of Economics Justin Wolfers joins Peter Alexander to provide his insight.
President Donald Trump late Tuesday postponed his threat of a 50% tariff on a wide range of Canadian goods that was set to take effect at midnight and would have affected roughly $20 billion worth of imports. “We’ve come to a deal with Canada,” Trump told reporters Wednesday morning from the White House lawn. He touted conversations he held with Canadian Prime Minister Mark Carney Tuesday night, adding that the deal, which has yet to be finalized, will benefit both sides. “We’re going to give something, and we’re doing certain things,” Trump added, without elaborating further. 0:00 CNN economics reporter Elisabeth Buchwald reports on Trump's pause of tariffs on Canada 1:30 "We're doing certain things": Trump speaks at White…
The Trump administration ending TPS has triggered a labor shortage in Florida. Also, the bond sell off has risen to its highest level since 2007. MS NOW's Catherine Rampell and University of Michigan Professor of Economics Justin Wolfers join Stephanie Ruhle to provide more insight.
It’s the psychology of inflation that sparks outrage over a $20 burrito.
The war in Iran will cost trillions — far more than current estimates.
Justin Wolfers broke down how "our kids will feel it."
Justin Wolfers broke down how "our kids will feel it."Open