Austan Goolsbee

Austan Goolsbee has been quoted 11 times. The one recent article where Austan Goolsbee has been quoted is Trump in ‘imminent danger’ of breaking a key rule for winning fights, former Obama advisor says. Most recently, Austan Goolsbee was quoted as having said, “My impression is the Trump administration is in imminent danger of violating the gunfighter's credo, which is: Do not pick seven fights if you are carrying a six shooter. We're going to declare simultaneous trade wars on four of our six biggest trading partners. That doesn't make sense to me. That seems like a recipe to send the U.S. into recession. We've gone through rounds of tax cutting and rounds of tax increases in modern U.S. history. We haven't really had a big igniting of a trade war belligerence since the Depression era and that's not an era that we want to repeat.”.

Austan Goolsbee quotes

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They've named other economic positions and created new positions while not naming the chair or any of the other members of the CEA – that's clearly a signal.

In the face of other countries cutting their rates and loosening their monetary policy, the dollar is going up in a situation like that. To the extent that the Trump administration doesn't like a strong dollar, something has got to give and just yelling at other countries for devaluing when you're raising rates and they're cutting rates is not going to work. They have chosen not to even name a single member of the Council of Economic Advisers. I think they are kind of sending a signal that they don't accept, that they don't want to take traditional economic advice.

My impression is the Trump administration is in imminent danger of violating the gunfighter's credo, which is: Do not pick seven fights if you are carrying a six shooter. We're going to declare simultaneous trade wars on four of our six biggest trading partners. That doesn't make sense to me. That seems like a recipe to send the U.S. into recession. We've gone through rounds of tax cutting and rounds of tax increases in modern U.S. history. We haven't really had a big igniting of a trade war belligerence since the Depression era and that's not an era that we want to repeat.

One of the most interesting things that I'm seeing of the Trump picks is such a heavy business and financial focus. I can't help but feel like this is going to throw a lot of policy weight and details back to Congress, because these are not people who have a lot of experience drafting legislation. So then, that makes me ask, what do Republicans in the House think? And there, I think they'd probably be up for repealing Dodd-Frank.

You can't look back at the worst financial crisis of our lifetimes that started in 2008 and not have some important lessons about the critical nature of oversights in financial markets and institutions. It probably won't blow up the world in the next six months, but it puts you on a track where within a decade, we'd be very likely to have another financial crisis.

The fact that both parties seem to be against this has got to be making the people at AT&T very nervous.

If she doesn't have an opinion yet, I think the imperative put on her will be [to say] what is her opinion.

It strongly suggests that direction, with the caveats of the components it's able to track. It's certainly eye-opening.

We're dealing with the fact that the Fed has some impotence at really trying to get things moving.

They want to raise rates; they want to get back to normal. They have said they thought they would raise four times plus this year and I don't think there's any scenario in my mind that they'll be able to do anything remotely like that. It's far more likely that they'll have to reverse themselves as a number of other countries have, like Sweden and others, where they raise the rates thinking it'll be fine and then have to drop it.

Growth has been only modest in the U.S. and with the things going on around the rest of the world, I fear that 2016 might be worse than just modest growth. We've had good improvements in the job market, but the GDP (gross domestic product) is still pretty weak.

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