consumer prices

Ford School professor and economist Justin Wolfers discussed the impacts of tariffs, uncertainty, and consumer sentiment on the US economy with several news outlets last week. Wolfers highlighted the response the stock market had to tariffs and what...

Ford School professor and economist, Betsey Stevenson says Americans will feel impacts of tariffs quite quickly especially because "already companies have been taking action and anticipating tariffs, in some sense prices may already reflect the...

Following the third consecutive fall of The Conference Board’s Consumer Confidence Index, the Ford School's Justin Wolfers told CNN, “The fact that consumers don’t feel like it’s smooth sailing — you’ve got one very obvious suspect. That’s the White...

Betsey Stevenson, Ford School professor says consumers likely "have been watching the news where people tell them Trump is going to put tariffs on everything and which is what he has promised and that that will caused prices to go up." So while they...

Betsey Stevenson, professor at the Ford School, chose "Tragically underrated" as a phrase to be the economist's word of the year. She describes labor force participation, inflation-adjusted wages and more to show how the US economy is the strongest...

Betsey Stevenson, Ford School professor and economists, gave one extreme example of how tariffs could increase makeup prices, “if you knew we would never be able to import Chanel lipstick into the U.S again, the price would go up immediately because...

Betsey Stevenson, Ford School professor, talked about voters' reactions to inflation and high prices and their effects on the 2024 elections. "I failed to understand just how much anger high prices would bring," said Stevenson. That is one reason...

Ford School professor and economist Betsey Stevenson said, “Economists are going to have to reckon with the fact that the public would have preferred a slower recovery with much higher unemployment, as long as prices had been stable.” She then said,...

Jonathan Hanson, Ford school professor, talked with the Detroit Free Press about messaging the determined the election. He said Trump’s messaging on key topics, especially economy and immigration, appealed to blue-collar voters, while "It seems like...