Jason Furman

JASON FURMAN, A FORMER CHAIR OF PRESIDENT BARACK OBAMA’S COUNCIL OF ECONOMIC ADVISERS, IS PROFESSOR OF THE PRACTICE OF ECONOMIC POLICY AT HARVARD UNIVERSITY’S JOHN F KENNEDY SCHOOL OF GOVERNMENT AND SENIOR FELLOW AT THE PETERSON INSTITUTE FOR INTERNATIONAL ECONOMICS

Businesses should use some of their profits to cover the extra wage costs.

America’s wage-price persistence must be stopped

CAMBRIDGE – Recent price- and wage-growth data make it increasingly clear that the US economy’s underlying inflation rate is at least 4...