Betsey Stevenson is a professor of public policy and economics at the University of Michigan, and served as President Barack Obama’s chief economist at the Department of Labor.
From cutting taxes to raising tariffs to eroding central-bank independence, US President-elect Donald Trump has made a wide range of economic promises, many of which threaten to blow up the deficit and fuel inflation. But powerful institutional, political, and economic constraints, together with Trump’s capriciousness, have spurred disagreement about how worried we should be.
