Obama-Era Economist Jason Furman Warns Fed's Inflation Outlook May Be Too Optimistic — Peter Schiff Slams Powell's Strategy Amid National Debt Concerns

Leading economists offered contrasting views on Thursday after the Federal Reserve’s 25-basis-point rate cut, with some warning of persistent inflation risks while others supported the central bank’s gradual easing approach.

What Happened: Jason Furman, a key figure in 44th U.S. President Barack Obama’s administration expressed skepticism about the Fed’s balanced risk assessment, pointing to concerning inflation indicators.

“Core PCE inflation is 2.7% (above target),” Furman noted on X, warning that inflation could climb to “2.8% or possibly even 2.9%.” He suggested this trend could complicate the Fed’s planned rate reduction schedule unless labor markets weaken significantly.

Economist ...

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