Yulia Slavina

Claudia Sahm: Fed chair selection process described as unusual and ongoing

Claudia Sahm: Fed chair selection process described as unusual and ongoing
Fed chair process remains unpredictable

Claudia Sahm described the ongoing process to select the next U.S. Federal Reserve chair as highly unusual and noted it is far from complete. The tweet referred to her preview of Kevin Warsh's confirmation hearing, hinting at continued uncertainty around the leadership transition.

Sahm's comments underline the unpredictable nature of this period for the central bank.

Sahm previously described a jobless boom as unprecedented in recent economic trends. In another recent analysis, she reported that the U.S. hires rate fell to its lowest since April 2020. Both points reflect her ongoing attention to unusual developments in the labor market and central bank leadership.

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