The former chair of the United States Council of Economic Advisers warned Monday that the bond markets are flashing red over Donald Trump’s economic agenda.
In a sharply worded MSNBC op-ed titled, “The Bond Market is an Economic Lie Detector Test,” Jared Bernstein, a Biden administration economist, argued that markets are reacting to “a toxic combination” of MAGA-inspired policies that threaten to both raise interest rates and slow growth.
Trump “is failing” the test, according to Bernstein, and “that’s bad news for your wallet,” he added.