Former president Donald Trump has officially won the 2024 US presidential election, securing a second term and becoming the 47th President of the United States.

To discuss the implications for the economy, Harvard Kennedy School of Government professor Jason Furman joins the Morning Brief.

"In terms of the economy, it's just a real question — Does he do what he said on the campaign?" Furman asks. "Which would be terrible for the economy: tariffs, huge deficit increases, interfering with the Fed [Federal Reserve], deportation. Or does he do what he's often done before, which is break his word [and] not follow through on his promises? In which case, the economy will be just fine because it's [in] a quite robust, strong place right now."

Furman highlights two key facts about the current economic landscape. He notes that the economy is "moving very, very strongly in the right direction," while acknowledging that Americans "were in an incredibly deep hole" due to the lingering effects of pandemic-driven inflation. "People weren't crazy to think that they had some real economic issues and economic problems," he emphasizes.

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This post was written by Angel Smith