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State & Hill

Reactions: 2024 elections

Dec 17, 2024
In the days following the 2024 elections, we sought insights from Ford School faculty members: How did we arrive at this point? And where do we go from here? Jenna Bednar, professor of political science and public policy: “The election raised the...
Headshots of Jenna Bednar, Charlotte Cavaillé, Jonathan Hanson, Mara Ostfeld, Ambassador Susan D. Page, and Betsey Stevenson
In the Media

Inflation hurt Democrats and angered consumers - Stevenson

Nov 11, 2024 NPR
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,...
Betsey Stevenson
In the Media

Stevenson on many facets of women and the workforce

Nov 9, 2024 What Happens Next
Betsey Stevenson, Ford School professor, talked with Larry Bernstein about highly educated women and marriage, how to make women's labor in work places more productive with more flexibility, and recent employment statistics. "We see women being a...
Betsey Stevenson
In the Media

Deardorff on impacts of Trump's possible tariffs

Nov 8, 2024 The Washington Post
Alan Deardorff, Ford School professor emeritus spoke with the Washington Post about the Trump administration's possible tariffs. He pointed out the upside to most taxes and tariffs, which people eventually get used to. However, he said “With a 60...
Alan Deardorff
In the Media

Deardorff discusses what tariffs may mean for businesses

Nov 7, 2024 Inc
Alan Deardorff, Ford School professor emeritus said, “Assuming that he follows through with his proposal to apply a 10 percent (or 20 percent) tariff on all imports from all countries... the effect will be to largely cut the U.S. off from the world...
Alan Deardorff
In the Media

Lookout for consumers spending ahead of possible tariffs - Wolfers

Nov 7, 2024 ABC Australia
Justin Wolfers, Ford School professor, talked about impacts of Trump's election on the market and the economy, saying "the market seems happy but that's because he is likely to deliver the tax cuts that make stocks more valuable." Also he noted,...
Justin Wolfers
In the Media

Hanson on Trump's winning messaging

Nov 6, 2024 Detroit Free Press
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...
Jonathan Hanson
In the Media

"We've taken a clear turn" - Hanson on free trade

Nov 5, 2024 CBC
Jonathan Hanson, Ford School professor, discussed how the US has turned away from the idea of free trade, he said the U.S. has been pushing toward protectionism by subsidizing plants to build in the country. He said, "The overall political climate...
Jonathan Hanson
In the Media

Wolfers on danger of a zero interest goal

Oct 31, 2024 CNN
Justin Wolfers, Ford School professor talked with CNN about Trump's former federal reserve pick's solution to inflation. Wolfers said, “Deflation can become a spiral with no end." He said aiming for zero inflation would be "like walking along the...
Photo of Justin Wolfers
In the Media

Stevenson on Trumps economic plans for Michigan

Oct 28, 2024 The Detroit News
Betsey Stevenson, Ford School professor explained what plans Trump may have for Michigan. She said with all the cuts they are looking to make, "At some point, the dam there might burst." Then she said, "it might mean things like cuts to programs...
Betsey Stevenson
In the Media

Economists do not like tariffs - Deardorff

Oct 21, 2024 NBC News
Ford School professor emeritus, Alan Deardorff commented on why so many economist dislike tariffs. He said Vice president Harris is "right that his tariffs are like a sales tax, in the sense that consumers everywhere are going to end up paying.” He...
Alan Deardorff
News

A lot of ‘unskilled’ workers actually aren’t - Stevenson

Oct 7, 2024
"It is an appropriate time to consider the term 'unskilled,'" writes Betsey Stevenson, Ford School professor and economist in an opinion article for Bloomberg. She says this term is "demeaning and misleading."These workers, she says, "Often people...
Betsey Stevenson
In the Media

Banning AirBnB will incentivize building more hotels - Stevenson

Sep 2, 2024 Stateside
Betsey Stevenson, Ford School professor spoke with Stateside and explained why she thinks banning rentals like AirBnB won't solve the housing crisis. She said, "we really need to get to the root of what is the conflict we have with tourists coming...
Betsey Stevenson
In the Media

Stevenson on growing economic inequality in America

Sep 2, 2024 Background Briefing
Betsey Stevenson, Ford School professor talked with Ian Masters on Background Briefing about the growing economic inequality in America. She said "I believe very strongly that growing inequality and a lack of opportunity for many if not most...
Betsey Stevenson
In the Media

Stevenson talks economic plans of Trump and Harris

Aug 29, 2024 Bloomberg
Betsey Stevenson, Ford School professor, talked with Bloomberg about why consumers are still feeling bad about the economy, she said "one of the reasons consumers have been so grumbling and so complaining they are continuing to spend and that's...
Betsey Stevenson
In the Media

Dominguez on weakening of US dollar

Aug 29, 2024 Marketplace
Kathryn Dominguez, Ford School professor, talked with Marketplace about weakening of the US dollar, which she says is driven by "the anticipation that the [Federal Reserve] is likely to cut interest rates in September." She also said it may be...
Kathryn Dominguez speaks to prospective students at the Ford School's Spring Preview
In the Media

Wolfers talks price controls and Harris economic plans

Aug 28, 2024 CNBC
Ford School professor Justin Wolfers, talked with CNBC about the impacts of Trump's possible plans around tariffs and cost of living. He said, "Generally speaking, when markets are functioning well, price controls are a bad idea even though they are...
Photo of Justin Wolfers
In the Media

Inflation finally below 3%, first time since 2021, Stevenson comments

Aug 21, 2024 Marketplace
Ford School professor and economist, Betsey Stevenson, talked on Marketplace about inflation. She said,  “I think what we learned was that it just took longer for that normalization to happen." While that transition from high inflation to a stable...
Stevensom SRM Subcommittee Hearing Teaser Display
In the Media

Wolfers on housing crisis and inflation

Aug 19, 2024 CNN
Justin Wolfers, Ford School professor, talked with CNN about housing shortages and their impact on markets. He said, “The problem right now is too many people chasing too few houses." To him, it seems apparent that “The solution to that is not to...
Justin Wolfers
In the Media

Stevenson on possibility of Fed rate cuts

Aug 14, 2024 CBS
Betsey Stevenson, Ford School professor, talked on CBS about the possible future cut of interest rates for the Federal Reserve. She said"You know, we’ve seen inflation come down, and we have seen more worrying reports on the employment side. I would...
Betsey Stevenson
News

The stock market drama was a toddler tantrum, says Wolfers

Aug 12, 2024
"They’re unpredictable, volatile and prone to sharp emotional swings. They have short attention spans and find change difficult because they are frequently scared of new things or overly enthusiastic about them. They’re impulsive, demand attention...
Photo of Justin Wolfers
In the Media

Wolfers on benefits of raising Michigan minimum wage

Jul 31, 2024 The New York Times
Ford School professor, Justin Wolfers, explained the benefits of the phase in period for the raised Michigan minimum wage, saying that this period is "so businesses have a long time to adapt.” Wolfers also said, “perhaps businesses have a bit of...
Justin Wolfers
In the Media

Dominguez explains "maximum employment"

Jul 29, 2024 Marketplace
Ford School professor Kathryn Dominguez talked on market place about what the term "maximum employment" means and what and what it means for our economy. She said “It doesn’t necessarily mean that everybody is employed,” instead, “It means that...
Kathryn Dominguez speaks to prospective students at the Ford School's Spring Preview