Over 400 Economists and Former White House Advisors Back Harris, Warn Against Trump’s Economic Policies

Key Points:

• A group of more than 400 economists and former White House advisors has publicly endorsed Vice President Kamala Harris in the upcoming presidential race, over former President Donald Trump.
• Both Democrats and Republicans are making efforts to present their candidates as the most capable of handling the U.S. economy, with the rising cost of living being a major concern for voters.
• The endorsement provides Harris with additional support as she prepares to unveil new economic policies during an upcoming speech.

In a recently released letter, more than 400 economists and former White House policy advisors declared their support for Vice President Kamala Harris in the race against former President Donald Trump. This endorsement comes at a critical time as both major political parties are positioning their candidates as the best choice to address economic challenges ahead of the November election. With inflation and the high cost of living being top priorities for many voters, the candidates’ economic plans are under scrutiny.

“The decision in this election is clear,” the letter states, highlighting the contrast between what it describes as economic instability under Trump versus the promise of a more stable and fair economy under Harris.

Among the 405 signatories are many progressive economists who have previously served under Democratic administrations, including those of President Joe Biden, Barack Obama, and Bill Clinton. Notable figures include Jason Furman, a Harvard economist who led the Council of Economic Advisers during the Obama administration, Roger Altman, former deputy treasury secretary under Clinton, and Penny Pritzker, who served as commerce secretary under Obama. The list also includes former Federal Reserve vice chair Alan Blinder and ex-members of regulatory bodies like the Federal Trade Commission and the Consumer Financial Protection Bureau. The endorsements were first reported by CNN.

While many of these individuals have been longtime supporters of Democratic policies, a few worked within Republican administrations. For example, Sean O’Keefe served as deputy director of the Office of Management and Budget under President George W. Bush, and Phillip Braun worked with President Ronald Reagan’s Council of Economic Advisers. The letter is expected to bolster Harris’s position in her upcoming speech focused on economic issues, where she will likely introduce new proposals. While some of the signatories have previously voiced concerns about certain aspects of Harris’s policies — such as Jason Furman’s criticism of her federal ban on “price gouging” in the grocery sector — the broad support remains strong. Furman acknowledged his disagreement on that particular issue but continues to back Harris in the overall economic vision she offers.

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