ADVERTISEMENT

OBAMA ADVISER GOOLSBEE: 'New presidents get a year or so to do anything and I think they’ve used it up.'

Goolsbee says he wants to see solid signs of sustained wage growth before making the case that the economic recovery is complete and the job market is healed.

  • Austan Goolsbee, President Barack Obama's former chief economic adviser, tells Business Insider he sees decent, but not spectacular, economic growth ahead.
  • Goolsbee says he wants to see solid signs of sustained wage growth before making the case that the economic recovery is complete and the job market is fully healed.
  • Gooslbee believes the Federal Reserve may have trouble justifying continued interest rate hikes if inflation and wages don't pick up.
ADVERTISEMENT

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

3 African countries could play host to Russian diplomatic missions

3 African countries could play host to Russian diplomatic missions

Trends in online casino gaming in New Zealand

Trends in online casino gaming in New Zealand

10 African countries with the highest number of migrants

10 African countries with the highest number of migrants

PHOTOS: Inside the hostel in Rwanda set to house migrants from the UK in July

PHOTOS: Inside the hostel in Rwanda set to house migrants from the UK in July

10 African countries with the weakest governments

10 African countries with the weakest governments

Zap unveils Africa's first non-custodial exchange

Zap unveils Africa's first non-custodial exchange

The future of healthcare on display: Day 1 of Medlab West Africa wraps up

The future of healthcare on display: Day 1 of Medlab West Africa wraps up

Nigeria suspends a Chinese business over discrimination charges

Nigeria suspends a Chinese business over discrimination charges

10 African countries with the greatest soft power influence over the world in 2024

10 African countries with the greatest soft power influence over the world in 2024

ADVERTISEMENT