Trump vs. the U.S. Economy

What is going on with the economy right now? There are a lot of mixed signals. President Trump slashed taxes, but he’s also bringing in a lot of money through tariffs. Inflation is creeping up, but the stock market keeps rising. Eye-wateringly large investments are flowing to A.I., which could lead to an explosion of productivity but also mass job loss. And then Trump fired the head of the Bureau of Labor Statistics after a disappointing jobs report, raising concerns that the government’s data on the economy might get shakier. Natasha Sarin is the president and a founder of the Budget Lab at Yale. She has been tracking these trends and modeling the potential economic effects of many of Trump’s policies. I invited her on the show to walk through what she is thinking about the economy. Mentioned: “ The Tariffs Kicked In. The Sky Didn’t Fall. Were the Economists Wrong? ” by Jason Furman “ Does the Stock Market Know Something We Don’t? ” by Rogé Karma Book Recommendations: Showdown at Gucci Gulch by Alan Murray Remarkably Bright Creatures by Shelby Van Pelt The Undoing Project by Michael Lewis Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com. You can find the transcri…