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      paul krugman

      An anti-inequality protester carries a sign saying, “What’s in your wallet?”

      It Was the Best of Times, It Was the Worst of Times?

      Why won’t anyone believe Paul Krugman’s economic optimism?

      Les Leopold
      Oct 26, 2023

      Liberal economist Paul Krugman has been fretting for a while about the disconnect between the public’s negative perception of the economy and the positive reality of stunningly low unemployment rates, rising wages, and significant economic growth. In describing the U.S. economy, he recently wrote, “But one thing is clear: We have been remarkably successful, even if nobody will believe it.”

      Why won’t anyone believe it?

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      Opinion
      economy
      Federal Reserve Chair Jerome Powell

      'People Will Lose Their Jobs': Expert Chorus Against Fed Rate Hikes Grows

      One economist warned the Federal Reserve is at risk of hurling the U.S. "into a depression."

      Jake Johnson
      Oct 18, 2022

      The expert chorus warning that the Federal Reserve is on the verge of plunging the U.S. into a painful recession has grown markedly louder in recent weeks as the central bank plows ahead with large interest rate hikes, ignoring alarm bells in the labor market and the overall economy.

      With the Fed's next policy meeting just two weeks away, the Groundwork Collaborative on Tuesday cataloged more than a dozen recent comments from economists, fund managers, and other observers cautioning that aggressive rate hikes are already taking their toll on workers, economic growth, the housing market, and other key areas without tackling the core drivers of inflation--many of which are out of the central bank's control.

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      fed rate hikes
      'Monstrous Behavior': Mnuchin Slammed for Biden 'Snub' That Could Sabotage US Economic Recovery

      'Monstrous Behavior': Mnuchin Slammed for Biden 'Snub' That Could Sabotage US Economic Recovery

      On his way out the door, said one Nobel-winning economist, "Mnuchin is effectively trying to create a financial crisis.'

      Andrea Germanos
      Nov 19, 2020

      Treasury Secretary Steven Mnuchin was accused Friday of taking "exactly the wrong policy move right now" and sabotaging the economy for the incoming Biden administration after announcing an end-of-year cutoff to several key coronavirus relief lending programs at the Federal Reserve.

      CNBC's reporting quoted one financial expert who likened the move by Mnuchin to stripping a ship of its lifeboats when they're most needed. The outlet explained:

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