Business

Economic and Political Analysis

Updated 2026-10-09 11:55 UTC 1 source Negative

Nobel laureate Paul Krugman warns of an impending French crisis. The Treasury appoints a controversial former Fed nominee as an adviser.

Coverage timeline — 2 articles

CNBC

Nobel winner Krugman says France may have become 'too big to save'

Economist Paul Krugman sounded the alarm on a looming "ugly crisis," while former ECB head Jean-Claude Trichet said French politicians must compromise.

2026-10-09 11:33 UTC

CNBC

Treasury's Bessent hires Trump's controversial former Fed board pick, Judy Shelton, as adviser

Shelton's controversial economic ideas led the Senate to block her nomination to the Federal Reserve. Now she's be a counselor to the Treasury secretary.

2026-10-09 11:50 UTC