inflation | Gerald R. Ford School of Public Policy
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Justin Wolfers

Professor of Public Policy and Economics (on sabbatical leave)
Wolfers is an economist with broad policy-related interests and experience. He is also affiliated with the NBER, Brookings and the Peterson Institute for International Economics. He is a contributing columnist for the New York Times and host of the “Think Like An Economist” podcast. He is a popular teacher and author of a leading economics textbook.
Justin Wolfers
News

Stevenson widely quoted on Trump tariff policies

Apr 25, 2025
Ford School professor Betsey Stevenson has been widely sought for her insights, and concerns, about the implications of the Trump administration's proposed tariffs. Here are some of the notes Stevenson has shared with news outlets over the past few...
Betsey Stevenson
In the Media

Trumps tariffs do not support American production, Stevenson claims

Apr 7, 2025 Channel 4
"What we’re seeing is not targeted tariffs that are trying to help support certain aspects of American industry. This is across the board tariffs," said Bestsey Stevenson, professor at the Ford School. In a debate with an ex-campaign aide for...
Betsey Stevenson
In the Media

The Fed might not know how to respond to Trump's tariffs - Stevenson

Apr 7, 2025 Bloomberg
Bloomberg Network spoke with the Ford School's Betsey Stevenson in pursuit of an estimate for what the Fed will do in response to Trump's recently implemented tariff policies. Stevenson stated, "There is clearly an inflation risk, and we know that...
Betsey Stevenson
News

Wolfers weighs in on tariffs, uncertainty, and the stock market

Mar 9, 2025
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...
Justin Wolfers
In the Media

Wolfers empathizes with consumers concerns for the future economy

Feb 25, 2025 CNN
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...
Justin Wolfers
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

Stevenson comments on the fruitful economy under President Biden

Dec 17, 2024 The New Republic
Discussing inflation and the Biden administration's economy, the Ford School's Betsey Stevenson told The New Republic that comparatively across the globe "ours [U.S. high inflation rates] came down way less painfully, and we had amazing economic...
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

Hanson on why Latinos voted for Trump

Nov 8, 2024 BBC Mundo
Ford School professor Jonathan Hanson says that "voters have largely felt the economic pain of the post-COVID inflationary period, and they're taking it out on Biden and Harris." Among other factors, this is what may have pushed latino voters to the...
Jonathan Hanson
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

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

Facts keep interfering with Trump's talking points - Wolfers

Oct 31, 2024 CNN
Justin Wolfers, Ford School professor and economist explained on CNN, "the simple story is this is not only a pretty good economy, its a downright good economy." Unemployment, GDP and inflation are all where they should be according to Wolfers. This...
Photo of Justin Wolfers
In the Media

Wolfers says Trump does not have planned policies for the economy

Sep 15, 2024 USA Today
Justin Wolfers, professor at the Ford School, speaking with USA Today noted that Trump's plan for the economy is not a true policy. "Get rid of inflation' is not a policy... Saying 'I will ask people for their ideas about how to reduce inflation,'...
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: Risk of a recession is pretty low

Aug 6, 2024 CNN
Ford School professor Betsey Stevenson talked with CNN and discussed the outlook for the economy. She said, "What I see is an economy that has been slowing down for the last year." She said that the news about the economy on Friday was not very big...
Betsey Stevenson
News

Cost of living tops Detroiters’ priorities for US government

Jul 8, 2024
With Michigan poised to be a pivotal state in the 2024 presidential election, Detroiters have weighed in on their priorities for the U.S. government.Cost of living and inflation is the issue Detroiters mentioned most when asked about the top issues...
Word cloud with issues most important to Detroiters
Publication

Stevenson predicts continued labor strife in an uncertain market

Sep 22, 2023
As the U.S. endures the UAW, Writers’ Guild, and Screen Actors strikes, among others, Ford School economics professor Betsey Stevenson says the country may endure more labor upheaval. Once the chief economist at the U.S. Department of Labor, she...
Betsey Stevenson
News

Stevenson’s economic analysis in demand

Jul 3, 2023
Ford School economist Betsey Stevenson’s analysis of the volatile U.S. economy is in high demand.  When the June jobs numbers were released at the beginning of July, Stevenson was quoted in the Associated Press. AP reported, “Friday’s jobs...
Betsey Stevenson
News

Stevenson discusses BLS jobs report, inflation

Apr 12, 2023
Last week, the Bureau of Labor Statistics released their monthly jobs report. Betsey Stevenson lent her expertise to numerous media outlets to break down what she saw. "This report is just about as good as it can be. It's slowing slightly, and...
Betsey Stevenson
In the Media

Stevenson analyzes Fed messaging

Mar 21, 2023 Bloomberg
Betsey Stevenson, Bloomberg: "I think sticking with 25 basis points is hopefully going to be sending the signal that they (the Federal Reserve) really do believe that the situation is stabilizing. That they don't need to veer from their planned...
Betsey Stevenson
In the Media

Economy is 'extraordinary' - Wolfers

Mar 12, 2023 WDIV
Justin Wolfers, WDIV: "My summary is what a little ripper. Last month, we were extraordinary. So we aren't extraordinary two months in a row, we're merely very good. This is the sort of job growth that maybe we've gotten used to over the past couple...
Justin Wolfers
In the Media

Stevenson discusses interest rate effects on labor market

Mar 7, 2023 Bloomberg
Betsey Stevenson, Bloomberg: "I think it's really hard to interpret the impact of the interest rate increases on the labor market. And the reason is that we would have to know the counterfactual—what would have happened in the labor market if we...
Betsey Stevenson