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Harvard's Jason Furman suggests that a recession is not inevitable.


Jason Furman, professor at the Harvard Kennedy School of Government and former CEA chair, joins CNBC's 'Closing Bell' to discuss the factors increasing the chances of a soft landing, monetary policy expectations for next week's meeting, and getting inflation under control giving continued wage growth. For access to live and exclusive video from CNBC subscribe to CNBC PRO:  » Subscribe to CNBC TV:  » Subscribe to CNBC:  Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news:  Follow CNBC on LinkedIn:  Follow CNBC News on Facebook:  Follow CNBC News on Twitter:  Follow CNBC News on Instagram:  #CNBC #CNBCTV...(read more)


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Harvard economist Jason Furman recently wrote an op-ed for the Wall Street Journal in which he argued that a recession is far from inevitable. Despite growing concern over a possible economic downturn, Furman pointed to several factors that suggest the US economy may continue to perform well in the near future. One of the key reasons for Furman's optimism is the strength of the labor market. Unemployment is at a historic low, and wages are rising at their fastest rate in nearly a decade. These trends suggest that consumers will continue to have money to spend, which will help support overall economic growth. Furman also noted that there are relatively few imbalances in the economy at the moment. Unlike in the lead-up to the 2008 financial crisis, there are no major bubbles or excesses that are likely to burst and drag down the rest of the economy. In addition, Furman highlighted the fact that the Federal Reserve has signaled that it will be flexible in its approach to interest rate hikes. If the economy shows signs of weakening, the Fed may slow down its pace of rate increases or even pause them altogether, which could help prevent a recession from taking hold. Of course, there are still risks to the economy, including ongoing trade tensions with China and other nations, as well as the possibility of a slowdown in the global economy. However, Furman's argument is that these risks do not necessarily portend a recession, and that the US economy is more resilient than many people realize. Overall, Furman's op-ed offers a counterpoint to the prevailing narrative about the economy, which has been dominated by worries about an impending recession. While it's impossible to predict the future with certainty, Furman's argument is a reminder that the economy is complex and multifaceted, and that there are many factors that can influence its trajectory. By focusing on the strengths of the current economic environment, we can take a more balanced view of what the future may hold. https://inflationprotection.org/harvards-jason-furman-suggests-that-a-recession-is-not-inevitable/?feed_id=88432&_unique_id=643c374c33a30 #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #businessnews #cable #cablenews #ClosingBell #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #stockmarket #stockmarketnews #Stocks #usnews #worldnews #RecessionNews #breakingnews #businessnews #cable #cablenews #ClosingBell #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #stockmarket #stockmarketnews #Stocks #usnews #worldnews
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