Jason Furman

Today on the show, President Trump is back from two days of high-level talks in China. Matt Pottinger, the deputy national security advisor in the first Trump administration, and Jessica Chen Weiss, professor of China Studies at Johns Hopkins School of Advanced International Studies, join the show to discuss the summit and what it means for Taiwan. Next, Fareed speaks with Jason Furman, professor at Harvard Kennedy School and former chair of the Council of Economic Advisers under President Obama. They discuss why the stock market continues to rise even while inflation spikes in the midst of the Iran war, and what Furman expects from new Fed Chair Kevin Warsh. Finally, a recent poll shows 70% of American adults under the age of 50 now hold an unfavorable view of Israel. Fareed discusses with Israeli-American historian Omer Bartov who has a new book out, “Israel: What Went Wrong.” GUESTS: Jessica Chen Weiss (@jessicacweiss), Matt Pottinger, Jason Furman (@jasonfurman), Omer Bartov (@bartov_omer) Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this timely conversation, economist Jason Furman charts the economic terrain after the United States’ “Liberation Day” tariff surge. Furman explains why the worst recession forecasts didn’t materialize: retaliation from allies was muted, some partners cut side deals to soften the blow, and trade reconfiguration simply takes time. Still, he warns the trade “shoe” is still dropping, with an enduring drag that leaves the U.S. roughly 0.5% poorer per year. Looking ahead, Furman argues the biggest near-term risk for businesses is policy incoherence colliding with a split macro picture: strong headline GDP, weak job growth, and muddled inflation. He sees Congress asserting itself — most notably in defense of Federal Reserve independence — while the administration’s legal footing for tariffs faces an imminent test at the Supreme Court. If IEEPA is curtailed, expect administrative chaos, temporary stopgaps reasserting tariffs under other authorities (like Section 122), and — potentially — an offramp for the White House to lift the most unpopular tariffs without admitting error. Globally, allies are doubling down on free-trade compacts with each other, even as they grapple with China’s overcapacity and “China shock 2.0.” Meanwhile, dollar dominance may be reinforced by the U.S.’s embrace of stablecoins. Furman closes with a strategic fork: a positive-sum, growth-first reset (more trade, smarter fiscal choices, tech-led productivity) versus a deepening “techlash” that scapegoats AI, risks slower wage gains, and cedes advantage to China. The stakes for business leaders in 2026 couldn't be higher. What Comes Next with Mira Rapp-Hooper is produced by Rivan Dwiastono, executive produced by Lauren Dueck, with editorial input from Prashant Jha. It contains music by Cody Martin via Soundstripe. What Comes Next is a production of The Asia Group, and is powered by TAG AI, TAG's geopolitical decision engine for businesses.

In Episode 453 of Hidden Forces, Demetri Kofinas speaks with Jason Furman, the former chair of the Council of Economic Advisers, about the state of the U.S. economy, the AI Bubble, monetary policy, inflation, price controls, and much more. Jason and Demetri spend the first hour of their conversation exploring his economic framework, what he learned from his time working inside the Clinton and Obama White Houses, and how these experiences shaped his perspective on the role of government in the economy. The two then delve into Furman's thoughts on artificial intelligence. They discuss whether we're living through an AI bubble, where Jason anticipates the greatest productivity gains from the adoption of AI in the U.S. service sector, and his perspective on AI regulation. They also discuss the limitations of our inflation models, whether we have a good working understanding of the causes of inflation, whether the Fed has implicitly raised its inflation target, and how large, structural deficits and political constraints will shape the Fed's ability to manage that target in the years ahead. In the second hour, Kofinas and Furman shift to a discussion about the politics of affordability and a growing sense, especially among younger Americans, that the costs associated with achieving the American dream have become insurmountable for almost all but the very wealthy. They debate the political appeal and efficacy of price controls, as well as the extent to which tariffs, industrial policy, and currency depreciation can or should be used to reshape global supply chains and rebuild U.S. domestic manufacturing in areas deemed critical for national security. They also discuss the US trade deficit and capital account surplus, what a weaker dollar may tell us about the government's policy objectives, how corruption, rule of law, and institutional decay might eventually feed back into foreign appetite for US assets, and what is at stake in the choice of the next Fed chair—both for the independence of the central bank and for the long-term credibility of American monetary policy. Subscribe to our premium content—including our premium feed, episode transcripts, and Intelligence Reports—by visiting HiddenForces.io/subscribe . If you'd like to join the conversation and become a member of the Hidden Forces Genius community—with benefits like Q&A calls with guests, exclusive research and analysis, in-person events, and dinners—you can also sign up on our subscriber page at HiddenForces.io/subscribe . If you enjoyed today's episode of Hidden Forces, please support the show by: Subscribing on Apple Podcasts , YouTube , Spotify , Stitcher , SoundCloud , CastBox , or via our RSS Feed Writing us a review on Apple Podcasts & Spotify Joining our mailing list at https://hiddenforces.io/newsletter/</a

Jason Furman, professor at Harvard University and the former Chairman of the Council of Economic Advisers for President Obama, discusses economic growth outlook, trade between China and the U.S., Fed monetary policy, and the future of stablecoins in the U.S.*This video was recorded on October 31, 2025Subscribe to my free newsletter: https://davidlinreport.substack.com/Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34sListen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-reportFOLLOW JASON FURMAN: X (@jasonfurman): https://x.com/jasonfurmanFOLLOW DAVID LIN:X (@davidlin_TV): https://x.com/davidlin_TVTikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tvInstagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/For business inquiries, reach me at david@thedavidlinreport.com*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.0:00 - Intro1:00 - Economic growth 2:53 - Wealth inequality5:16 - The 'scariest chart in the world'7:03 - Labor market overview9:10 - GDP outlook10:31 - 'Truce' between U.S. and China15:55 - Improving standard of living19:50 - Minimum wage20:44 - Economy's debt23:40 - Stablecoins 26:15 - Fed policy error? #economy #investing #stocks

In this episode of The Great Tech Game podcast, Professor Jason Furman -- the Aetna Professor of the Practice of Economic Policy at Harvard Kennedy School and former 28th Chairman of the Council of Economic Advisors under President Barack Obama -- offers a rare peek behind the curtain of President Trump's tariff strategy and their far-reaching impacts. We explore the surprising realities of who truly wins and loses in this global economic upheaval, both within the US and across the world, and why the aggregate picture might not be what you expect.Professor Furman critically examines India's unique and challenging position in this tariff landscape, facing a potentially "unfair" deal with a projected 50% tariff rate. Could this be India's pivotal "1991 moment" for significant domestic reforms? What strategic choices lie ahead for its booming economy?The discussion also delves into:• Why countries have largely opted for "personalistic" bilateral deals rather than forming a united front against US tariffs, and what this reveals about global negotiation dynamics.• The one country that has successfully pushed back against US tariffs, and the unique leverage that allowed it to do so.• The potential long-term shifts in global trade patterns and whether the "most favored nation" principle is truly a thing of the past.• The profound implications of AI for global productivity and the future of jobs. Will AI be a "massively positive" force, and how might its benefits be distributed across different nations?• The critical role of immigration in fuelling the US tech and AI industries, and why its future is a key concern.Professor Furman also provides candid rapid-fire answers on pressing questions like whether Trump's trade war protects American jobs (his answer may surprise you!) and who ultimately pays the price for high tariffs, and whether Trump will finally strike a deal with India eventually or not.Tune in to gain a deeper understanding of the forces shaping today's global economy and what lies ahead for nations caught in the "Tariff Roulette."Subscribe for more insightful discussions on geopolitics, technology, and economics!

In pursuit of economic understanding, we speak with Jason Furman, the Harvard economist who co-teaches the university’s core course in the discipline, “Principles of Economics,” Harvard’s most popular course. The conversation tackles President Donald Trump's "Liberation Day" tariff announcement that sent markets nosediving, that is, until the president hit the pause button. The Harvard economist methodically dismantles the logic behind targeting countries with bilateral trade deficits, using unexpected examples like Madagascar’s vanilla bean exports and Lesotho's diamond exports to illustrate why the approach is fundamentally flawed. "We could eliminate our trade deficits with them," he explains, "and what would that mean? That would mean less vanilla beans and fewer diamonds." Our wide-ranging discussion touched on Trump’s big, beautiful budget bill and Moody’s downgrade of its U.S. debt rating while, along the way, exploring the linkages between global trade, clean energy, and artificial intelligence. Jason, an economic adviser to President Barack Obama, offers a refreshingly clear-eyed assessment of both the Trump and Biden administration approaches to trade and manufacturing. Despite their different methods (tariffs versus subsidies), both administrations share a nostalgic vision of American manufacturing that doesn't align with today's economic reality. Listeners are reminded of our guest's Foreign Affairs magazine article "The Post-Neoliberal Delusion" that critiqued Biden's signature economic legislation (see link below). Looking forward, his greatest economic worry is that "the tariffs come back with a vengeance," while his greatest hope lies in the potential of artificial intelligence to "raise productivity growth, raise wages, help with our deficit problems" if implemented thoughtfully. Speakers: J. Alex Tarquinio (host) is a resident correspondent at the United Nations in New York and co-founder of The Delegates Lounge podcast. @alextarquinio of @delegateslounge on X. Jason Furman (guest) is the Aetna Professor of the Practice of Economic Policy jointly at Harvard Kennedy School and the Department of Economics at Harvard University. He is also nonresident senior fellow at the Peterson Institute for International Economics and a past U.S. presidential adviser. @jasonfurman of @Harvard and @PIIE on X. References: We mention a recent article by the guest in Foreign Affairs magazine so we’re providing the link below. https://www.foreignaffairs.com/united-states/post-neoliberal-delusion Credits: Music: Adobe Stock Illustration: Adobe Stock/UraiwanT Headshot (in some formats): Jason Furman, Harvard University

Jason Furman, former Chairman of Council of Economic Advisers for President Obama and Aetna Professor of the Practice of Economic Policy jointly at Harvard Kennedy School (HKS) and the Department of Economics at Harvard University, joins Monetary Matters to share his view of the Trump administration’s “three-legged stool” of tariffs, deregulation, and tax cuts. Recorded May 20, 2025. Follow Jack Farley on Twitter https://x.com/JackFarley96 Follow Jason Furman on Twitter https://x.com/jasonfurman Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez

What are the likely effects of Trump’s tariffs, and what do they mean for the US economy? To discuss, we are joined again by Harvard economist Jason Furman, who was Chairman of the Council of Economic Advisers in President Obama’s second term. According to Furman, Trump’s tariffs represent an enormous "shock to the system” likely to produce both short- and long-term economic pain. Furman considers both the direct and indirect effects of Trump’s policies, including the effects of uncertainty on the economy. Finally, Kristol and Furman discuss whether Congress could push back against an economic agenda likely, in Furman’s words, to produce “many more losers than winners.”

Yascha Mounk and Jason Furman also discuss the flaws in Build Back Better. Jason Furman is the Aetna Professor of the Practice of Economic Policy jointly at Harvard Kennedy School (HKS) and the Department of Economics at Harvard University. Previously Furman served as Chair of the Council of Economic Advisors under Barack Obama. In this week’s conversation, Yascha Mounk and Jason Furman discuss the economic record of the Biden administration, whether the abundance agenda is the way forward—and what the recent news about tariffs really means. Please do listen and spread the word about The Good Fight. If you have not yet signed up for our podcast, please do so now by following this link on your phone. Email: podcast@persuasion.community Website: http://www.persuasion.community Podcast production by Jack Shields, and Leonora Barclay Connect with us! Spotify | Apple | Google Twitter: @Yascha_Mounk & @joinpersuasion Youtube: Yascha Mounk LinkedIn: Persuasion Community Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Harvard Professor and former White House Council of Economic Advisors Chair Jason Furman joins Security Economics to talk tariffs, President Biden's economic legacy, national security industrial policy, AI regulation, and export controls. Plus, just a bit of crypto. Furman had a recent article in Foreign Affairs Magazine, "The Post-Neoliberal Delusion," that argued Biden's economic policies actually resulted in less infrastructure and less investment than we could otherwise have seen. Especially coming from a prominent member of President Obama's cabinet, the article attracted quite a bit of attention. I wanted to ask Jason about it, as well as how he thinks we should do industrial policy for critical products, like computer chips. It was a great conversation, and we hope you enjoy it.

Show Notes: Jason Furman discusses his journey in economics. He shares his experience teaching Act 10, a course that has evolved over the years, using ideas from psychology and economics that are still relevant today. Jason also discusses his time at the Kennedy School, where his current role is Chairman of the Council of Economic Advisors. It was while at the Kennedy School that he was recruited to work in government. He initially didn't want to go into public policy or Washington, but eventually discovered his passion for it. In 2008, he was asked by David Axelrod to move to Chicago for the Obama campaign. He met with Obama and discussed his view of the economy and the issues being addressed in the campaign. Working for the Obama Campaign Jason talks about participating in the campaign, which was an amazing experience, as economists typically do economic policy on a campaign, discussing what will happen next year when they become president. The economy was falling apart, and Jason was able to use his knowledge and experience to help address the issue. In the midst of a financial crisis, Obama decided to support George Bushes' idea of a "bank bail out" to save the banks. This campaign became almost as much like governing as campaigning, with Obama meeting with Bush's treasury secretary, Treasury staff, and the Fed. A small team worked together to devise solutions to save the banks, revive the economy, and rescue the auto industry. Jason talks about the market collapsing and how Obama worked on various aspects of the crisis, including the fiscal response, the Recovery Act, the Affordable Care Act, the fiscal cliff, tax reform, technology policy, infrastructure, China, and climate change. The experience was both exciting and challenging, as markets were collapsing and the future of the economy was uncertain. Exporting Crude and Environmental Concerns Jason shares an example of where analysis matters. The United States faced a ban on exporting crude oil due to environmental concerns. The analysis, led by a climate change expert, found that the carbon content of US oil was lower than that of Canadian oil, which led to a ban that hurt American jobs and pushed the world towards higher carbon oil. Jason and his team put forward their analysis and the President, who was interested in the idea, met with his environmental and political advisors to discuss it. Despite some disagreements, the President agreed to sign an executive order to implement the idea. However, political concerns arose, and the White House decided to negotiate with Republicans in Congress to make the oil export concession. Six months later, Republicans extended tax credits for wind and solar, which the White House considered a good policy. This case highlights the importance of analysis and the combination of analysis and politics in a decision-making process. Climate Policies and The Financial Crisis Jason discusses two decisions that he believes were crucial. The first was for climate change cap and trade, which would have limited carbon emissions and set up tradable permits. The House passed the bill with the support of 55 senators, but it was not passed due to the filibuster. The second was immigration reform, which would have had a stronger border, expanded legal immigration, and a path to citizenship for undocumented immigrants. The financial crisis hit, and Jason explains that Congress had a fixed amount of money for tax credits, states, and unemployment insurance. He talks about Congress spend and automatic aid systems. Advice for Trump Administration Jason shares his advice for the incoming president. He states that the economy is in good shape and should not be messed up by big tariffs, immigration, mass expulsions, budget deficit increases, or interference with the Federal Reserve. Jason a

Jason Furman, Professor of Economics at Harvard and former Chairman of the Council of Economic Advisors under President Obama, joins Alan Dunne in this episode to share his thoughts on the current economic outlook. They explore the recent improvement in the inflation data, whether the Fed is justified in claiming victory in its inflation fight and the likely trajectory for inflation over the next year. On monetary policy, Jason expects further rate cuts from the Fed this year but is sceptical about how much additional easing we may see next year. That ‘s partially because he sees a higher neutral policy rate and partly because high fiscal deficits looks set to remain a feature of the next administration. Looking further ahead Jason offers his thoughts on the longer term growth outlook, the likelihood of an AI-led productivity boom, the pros and cons of active industrial policy and whether persistent fiscal deficits might eventually lead to a debt crisis. ----- 50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE ----- Follow Niels on Twitter , LinkedIn , YouTube or via the TTU website . IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here . And you can get a free copy of my latest book “ Ten Reasons to Add Trend Following to Your Portfolio ” here . Learn more about the Trend Barometer here . Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast. Follow Alan on Twitter . Follow Jason on Twitter. Episode TimeStamps: 02:10 - Introduction to Jason Furman 04:28 - The state of the economy 04:42 - Is inflation stickier than we thought it would be? 06:01 - Is inflation stickier than we thought it would be? 09:40 - The outlook for inflation 12:34 - A move in the right direction? 14:34 - Is the neutral rate a useful concept? 17:35 - The risk of be