“The US labor market is not firing on all cylinders.”
Claudia Sahm may be worried about the US economy, but she’s not worried about her ego. In fact, Claudia Sahm may be the world’s most authentic economist: Despite her newfound fame, she’s talking down the Sahm Rule in the media, saying that it’s not indicating a recession this time.
That’s character.
In our chat, we discuss:
The Sahm Rule works and its history.
Why the Sahm Rule is incorrectly flashing “recession” now (hint: unemployment rose because more people entered the workforce, and not because demand for workers lessened).
Why Fed scrutiny is warranted.
Why Claudia respects the Fed’s Board of Governors.
Whether or not the inverted yield curve is broken as a recession indicator.
Why Claudia thinks a 50 basis point cut is necessary now, and what happens if the US doesn’t get one.
How to get more women into economics.
Find Claudia at New Century Advisers here: newcenturyadvi...
Claudia’s blog here: stayathomemacr...
Claudia’s presentation on women in economics here: macromomblog.c...
More from BBAE at: bbae.com
Негізгі бет Claudia Sahm: The Sahm Rule is Wrong This Time
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