Joe Gagnon cited in The Wall Street Journal article, “History Offers Only Rough Guide to the Coming Economic Boom”

"[W]ith forecasters looking for the economy to grow an additional 3.3% next year, by the end of 2022 GDP could be 2.7% above the Congressional Budget Office’s estimate of its 'potential,' or the level it can sustain without running too hot. The last time GDP got that far above potential was 1973, when the U.S. was experiencing a serious inflation problem that wouldn’t be snuffed until the early 1980s. "The seeds for the 1970s experience were sown in the 1960s, when [...]

2021-04-24T09:00:45-04:00April 24, 2021|Economy & Trade|

Joe Gagnon interviewed in Marketplace Morning Report, “How Will Inflation Move In Post-COVID Recovery?”

"The federal reserve and the Biden administration have been trying to prepare the country for temporary, modest inflation this year, around 2.3% or so, as the economy recovers. But some are worried we might see more significant and durable rises in prices. "Joseph Gagnon, senior fellow at the Peterson Institute for International Economics, is somewhere in between. 'Marketplace Morning Report' host Sabri Ben-Achour spoke with Gagnon, also a former economist at the Federal Reserve, about the prevailing opinions about how economic [...]

2021-04-16T00:00:44-04:00April 16, 2021|Economy & Trade|

Joe Gagnon quoted in Voice of America article, “Does US Economic Stimulus Boost the Global Economy?”

"'The government is sending out checks to everybody,' said Joseph Gagnon, a senior fellow at the Peterson Institute for International Economics. 'Households and state and local governments are buying all kinds of supplies for education and health care — we haven't had a government budget deficit this big since World War II…'" Read the full article here: Full Article

2021-04-15T16:47:28-04:00April 15, 2021|Economy & Trade|
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