meanwhile, the former chairman of the white house council of economic advisers, jason furman, wrote anhere he said kamala harris is the safer economic choice. he says trump's plans for tariffs, the budget and federal reserve pose a much greater risk, jason. your reaction to that a. >> i respect jason furman, but the idea that vice president harris represents a lower risk to the economy than president trump is crazy. if you, even if you just -- just from a stock market point of view, if you take certain proposals like a tax on unrealized capital gains, i can't think of anything that would do more to hurt asset values. if you continue to ignore our own natural resources, our own fossil fuels as opposed to what president trump is proposing which is to drill, baby, drill, that that hurts consumers. if you continue to spend money you don't have running deficits of 7% of gdp, that the stokes more -- that stokes more inflation. maria: right. >> is -- so the idea that there's some equivalence between vice president harris and president trump, in my opinion, is crazy. and you essentially have t

joining us right now to talk about policy ahead of the november election is jason furman, he is harvardmove actually does signal, what it indicates, because it has been pretty confusing to be watching this saying, okay, when chairman powell came out and said the economy is in great shape, the jobs market is still strong, but we're going to cut 50 basis points, why do you think that is? does the fed seeing some happening, whether that be in commercial real estate loans, something in the job market that concerns it? why cut 50 basis points if everything is great? >> look, i would have cut by 25 basis points. i don't think it is a big deal. i think it was a close call. the cut was three steps progress. inflation has come down a lot. one step moving in the opposite direction in the job market with the unemployment rate up. i don't think the fed has some secret information about economic weakness we don't have. but they're a little nervous about the unemployment rate going up. i'm a little bit nervous about it too, not quite as nervous as 50 basis points. >> i think satisfaction thinking inf

many of the policymakers from democratic administrations, including jason furman, alan blinder, brian deese, also some notable academics, university of michigan economist justin wolfers and claudia golden who just won the nobel prize for economics. and yet still, despite these endorsements, we do know that cnn poll shows that the number one issue for voters right now is the economy. and that voters trust trump, not harris on the economy. >> yeah, the track record of those big letters, whether they be economists are national security experts, actually moving the vote at least uncertain. matt egan, thanks so much. brianna. >> thanks. good. alright, let's talk more about what we're seeing with pollster and communication strategist frank luntz. and i think what's really interesting in this latest poll that we're seeing this new cnn polling frank, is that by and large, the economy, of course, is what matters to people that is further cemented, right? they also care of course about immigration. they care about abortion, they care about protecting democracy. but the economy is really the iss

administrations, including official such as former biden economists brian deese, obama, economist jason furmanveteran of the obama administration, penny pritzker, alan blinder, who was the number two at the federal reserve and he served in the clinton administration and also some notable academics such as university of michigan economist justin wolfers and claudia golden, the harvard economist who last year won the nobel prize in economics. now, as far as why they are backing harris, it's because they believe that she's got the better vision for the economy. they described this as a stark contrast between failed trickle down economic policies that benefit the few and the policies that provide opportunity for all key line in this endorsement the economists say that it is a choice between inequity economic injustice and uncertainty with donald trump or prosperity opportunity and stability with kamala harris, that in particular the economy ms argue that the trump agenda could reignite inflation just to remind people what we're talking about when we say the harris agenda. and as she has called for

jonathan: jason furman up next. ♪ so, what are you thinking? i'm thinking...t our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. jonathan: live from new york city, your equity market up .1%. in the bond market, yields are higher by almost a basis point. under surveillance this morning cannot competing visions for the u.s. economy. >> i had the greatest economy in the history of our country, i think in the history of the world. there has never been such production and i will be able to do it again. we were energy independent. we will be energy dominant again. we will pay off debt and pay down debt. we are going to do things nobo

they can't find a single program out of the thousand programs in washington -- >> that jason furman.heir plans suck. kamala harris' sucks less. that's all he said. >> goldman sachs compared both of them -- >> we just -- >> suddenly we don't like goldman sachs? >> we had david solsolomon, on, said it's a 0.2% of a gdp difference and mostly about leaving the southern border open. >> and investment. >> you think americans are going to trade 0.2% of a point of gdp and let all the illegals in here. >> it's mostly. >> and what the plan said. >> $5 trillion in new taxes from kamala harris. >> jim and steven, thank you. come on back, we'll do it again. >>> when we come back, instagram introducing teen accounts. that news just out a few minutes ago. the platform facing scrutiny over what kind of content kids see online. we're going to talk about it with former white house chief technology officer, aneesh chopra. >>> next, why car owners with auto loans shouldn't get too excited ouabt this week's fed meeting, even with the central bank poised to cut rates. that story is next. that story is nex

jason summers, larry furman from the left warned the administration that you are just going to spikenflation, but they got ignored. for two reasons. first there was a democratic narrative that had grown out of the great recession, that the great recessions recovery was held back my not enough stimulus in government spending. i think that was wrong. that was the narrative. but second, because that bill became more about politics than about policy, democrats refuse to negotiate or even compromise one inch with republicans because they saw this christmas tree bill as their divine right award for winning the election. republicans had got a $2 trillion tax cut and by golly, we are going to do a $2 trillion spending bill so there would be no compromise. so the bill was signed on day 50 of the administration. and once again, the spending ended up being mostly unnecessary, especially state bailouts and inflation spiked further exactly as everyone predicted. in fact it is the furious backlash against this inflation that ultimately killed and shaped much of the rest of the fiscal policy under