Warsh praises trimmed means and links to Team Transitory in 2021, Claudia Sahm notes

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23.04.2026

Warsh praises trimmed means and links to Team Transitory in 2021, Claudia Sahm notes — Warsh aligns with Team Transitory 2021

Claudia Sahm references remarks made by Warsh, noting it was the first time she heard him extol the virtues of trimmed means. She observes that the last time Federal Reserve officials heavily referenced trimmed means was during Team Transitory in 2021.

Sahm also points out she had missed Warsh’s alignment with Team Transitory in 2021 and provides some related examples in her message.

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Sahm has previously described a ‘jobless boom’ as unprecedented in recent economic trends. Earlier this year, she noted that the U.S. hires rate fell to 3.1 percent in February, matching its lowest level since April 2020. These observations provide additional context to her analysis of labor market and inflation measures.

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