Analysis of current economic conditions and policy
Trump’s Age of Uncertainty
As of yesterday:
Figure 1: Top left: EPU, top right: EPU-trade; bottom left: Trade PolicyUncertainty; bottom right: Geopolitical Risk. Source: policyuncertainty, iacoviella.com.
3 thoughts on “Trump’s Age of Uncertainty”
joseph
Kevin Hassett today on GDP growth this year: “I think we really could be looking at numbers north of 6% because there’s so much capital stock growth right now.”
Well, you could give him the benefit of doubt and call it 6% nominal with 4% inflation — but that’s not what he is saying.
Macroduck
Hassett also says that an acceleration in household debt accumulation is a sign of economic health. His soul is a shrivelled, ugly thing.
Just to repeat, lending to data center construction is tightening up. If Hassett were a real economist, he’d know that:
Kevin Hassett blames Jay Powell for “creating political conflicts that are different from the charge of the Fed” and claims, “the inspector general of the Fed is investigating the building situation, so it’s not like the White House is disrespecting the independence of the Fed”.
Hassett has to be a clinical psychopath to look directly into the camera and lie this effortlessly.
Kevin Hassett today on GDP growth this year: “I think we really could be looking at numbers north of 6% because there’s so much capital stock growth right now.”
Well, you could give him the benefit of doubt and call it 6% nominal with 4% inflation — but that’s not what he is saying.
Hassett also says that an acceleration in household debt accumulation is a sign of economic health. His soul is a shrivelled, ugly thing.
Just to repeat, lending to data center construction is tightening up. If Hassett were a real economist, he’d know that:
https://econbrowser.com/archives/2026/05/consumer-confidence-in-april#comment-322776
Kevin Hassett blames Jay Powell for “creating political conflicts that are different from the charge of the Fed” and claims, “the inspector general of the Fed is investigating the building situation, so it’s not like the White House is disrespecting the independence of the Fed”.
Hassett has to be a clinical psychopath to look directly into the camera and lie this effortlessly.