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News

Wolfers optimistic about soft landing for economy

Feb 17, 2023
As concerns about the economy continue, one economist is optimistic. Justin Wolfers, professor of public policy and economics, recently talked with NPR to discuss his economic analysis and predictions. "You're talking to an economist who is going...
Photo of Justin Wolfers
In the Media

Hanson discusses state of inflation

Feb 14, 2023 Wallet Hub
Jonathan Hanson, Wallet Hub: "The point of interest rate increases is to slow down the economy and thus cool demand. Pressure on prices thus falls. It’s effective for controlling the rate of inflation but does not come without some pain. I think the...
Jonathan Hanson
In the Media

Stevenson analyzes inflationary pressure

Feb 11, 2023 The New Yorker
Betsey Stevenson, The New Yorker: "People always hate inflation. Even when inflation was at historic lows, survey data showed that eighty-three percent of Americans thought inflation was a problem. The President has very few levers. And, in this...
Betsey Stevenson
In the Media

Wolfers celebrates low unemployment rate

Feb 10, 2023 NPR
Justin Wolfers, NPR: "We're celebrating unemployment being at a 50-year low. This is only three years after the scariest economic moment of my lifetime. If you had said in three short years we'll yield an unemployment rate that earlier generations...
Photo of Justin Wolfers
In the Media

Stevenson breaks down what's actually happening in the job market

Feb 9, 2023 The Wall Street Journal
Betsey Stevenson, The Wall Street Journal: "Since restaurants and hotels haven’t staffed up too much, they could avoid the fate of many tech companies that are laying off workers after overhiring earlier in the pandemic," said Betsey Stevenson, an...
Betsey Stevenson
In the Media

Stevenson discusses strong labor market

Feb 9, 2023 NPR Marketplace
Betsey Stevenson, NPR Marketplace: "Are employers trying to hire a bunch of phantoms — people who don’t exist? Are they just finding it too hard to find...
Betsey Stevenson
In the Media

Ciorciari on dangers of Pakistan's economic crisis

Feb 9, 2023 VOA News
John Ciorciari, VOA News: "Pakistan is on the brink of economic collapse. If the crisis continues, the government may soon face considerable added unrest and exacerbate domestic social conflict. This could destabilize the government in a country...
John Ciorciari
News

Wolfers optimistic on inflation and recession risks

Feb 8, 2023
The U.S. economic recovery from the significant setbacks of the pandemic has seen inflationary pressure from supply chain disruptions and the war in Ukraine, among other factors. Justin Wolfers, Ford School professor of public policy and...
Photo of Justin Wolfers
Publication

Stevenson provides lessons, advice for 118th Congress

Feb 6, 2023
As the 118th Congress begins, Americans’ trust in Congress and government is at an all-time low. Economist Betsey Stevenson lends her expertise to members of Congress in a new article for the Peter G. Peterson Foundation. First, Stevenson says,...
Betsey Stevenson
In the Media

Stevenson discusses trade-offs of inflation

Feb 5, 2023 NPR
Betsey Stevenson, NPR: "The thing about inflation is it hurts us all a little 'cause it's terrible, right? You go to the store, and we're all talking about the price of eggs. We feel it. We feel rents going up and food prices going up, but, you...
Betsey Stevenson
In the Media

Is the economy good? Wolfers says yes

Feb 3, 2023 Vox
Justin Wolfers, Vox: "If you want a dramatic one-word answer, the answer is yes. Unemployment’s at a 50-year low, that’s the standard metric for thinking about how the economy is performing. Job growth is continuing, so it’s not only good, it’s...
Photo of Justin Wolfers
In the Media

Job creation is 'unimaginably positive' - Wolfers

Feb 3, 2023 Michigan Radio
Justin Wolfers, Michigan Radio: "The U.S. economy is now creating jobs at a rate that is unimaginably positive. 2022 was the second fastest rate of job creation in American...
Justin Wolfers
In the Media

Stevenson breaks down latest jobs report with The New York Times

Feb 3, 2023 New York Times
Betsey Stevenson, New York Times: "Basically, the hesitation and confusion that I think made it harder for employers and workers to find each other in the early parts of the recovery has started to abate. People are applying for jobs, and employers...
Stevensom SRM Subcommittee Hearing Teaser Display
In the Media

Stevenson discusses latest jobs report

Feb 3, 2023 Bloomberg
Betsey Stevenson, Bloomberg: "The truth is, this is a great number, 517,000 jobs, but there's a lot of room for error in this report. And if I was a betting woman, I would tell you that we'll probably see this corrected down a little bit. So I think...
Betsey Stevenson
In the Media

Stevenson on decreasing job churn and what it means for the economy

Feb 1, 2023 NPR Marketplace
Betsey Stevenson, NPR Marketplace: "I think it’s a reflection of an ongoing need to move back towards an economy that looks a little bit more like 2019. In terms of the mix of the types of goods and services that people buy." In other words, too...
Betsey Stevenson
In the Media

Stevenson explains tech layoffs

Jan 27, 2023 Yahoo! News
Betsey Stevenson, Yahoo! News: "They hired for magical thinking. So what they're having to do right now is readjust for reality. As you've already shown, the layoffs we're seeing here are small compared to not just the hiring they did during 2020...
Betsey Stevenson
In the Media

Stevenson breaks down new GDP numbers

Jan 26, 2023 MSNBC
Betsey Stevenson, MSNBC: "I think what we have learned is that when we give families and people enough money, to mean that we don't have a bunch of people who are at risk of eviction, losing their house, not putting food on the table, it gives them...
Betsey Stevenson
In the Media

Hall analyzes Michigan campaign funding

Jan 24, 2023 MLive
Richard Hall, MLive: "You go where the money is, right? The fact that a candidate might be raising a relatively small share of his campaign contributions from in-district means something different if he comes from a relatively low-income...
Rick Hall
In the Media

Stevenson links technological advancement to income inequality

Jan 20, 2023 The Economist
Betsey Stevenson, The Economist: "I think that's a fair assessment, and I think the question is, why? And that's where the complications come in. Some of that is from what economists call skill-biased technological change. So we've seen the wages of...
Betsey Stevenson
In the Media

Wolfers discusses inflation and interest rates

Jan 19, 2023 WDET 101.9
Justin Wolfers, WDET 101.9: "Inflation was distressing. Right now, it may still be a little distressing. The future looks like it's going to be a whole lot less distressing.  The Fed's worried because inflation still is above its target level. It...
Photo of Justin Wolfers
In the Media

Wolfers explains the debt ceiling

Jan 19, 2023 One News Page
Justin Wolfers, One News Page: "The person who raises your credit card limit is the credit card company. It's the lender. Speaker McCarthy is part of the government. The government is the borrower. The only choice the borrower makes, and we all face...
Justin Wolfers