Joseph Gagnon

Joseph Gagnon, a senior fellow at the Peterson Institute for International Economics and former U.S. Federal Reserve official, dives into the complexities of Trump's trade policies. He highlights the unrealistic expectation that tariffs can replace taxes and critiques their impact on consumers. Gagnon discusses the bloated nature of U.S. government and the potential consequences of drastic cuts. He raises concerns about the reliance on borrowing and the risks of insular trade approaches, as well as the implications for economic growth and national debt.

Joseph Gagnon, a senior fellow at the Peterson Institute, returns to discuss COVID-era inflation. He breaks down the 'unholy trinity' behind inflation, revealing how labor costs, energy prices, and supply chain issues contributed to the surge. Gagnon draws parallels between inflation trends during the pandemic and the Korean War, highlighting consumer behavior and monetary policy adjustments. He also reflects on the upcoming Fed framework review, advocating for revised monetary policies to tackle future economic challenges.