U.S. Economy and Monetary Policy by Claudia Sahm
Claudia Sahm: Fed mandated to report twice a year since 1978
Claudia Sahm highlights the return of the Monetary Policy Report, reminding that when Congress assigned the Federal Reserve its dual mandates for employment and price stability in 1977, it ...
Bank of Italy panel more effective on policy complexity, Claudia Sahm notes
Claudia Sahm compared her experiences with two recent central bank panels, expressing that the Bank of Italy panel provided greater clarity on the challenges of current monetary policy than a ...
Claudia Sahm: ECB panel discussion lacks clear answers on interest rates
Claudia Sahm comments on the recent European Central Bank panel, highlighting that panelist Warsh offered minimal substantive commentary on current interest rates. Sahm observes that when asked ...
Kevin Warsh delivers minimal Fed statement and avoids explanations, Claudia Sahm notes
Claudia Sahm highlights Kevin Warsh's promise of a quieter Federal Reserve. Last week, Warsh delivered a brief 130-word statement, omitted the Chair's dot, and conducted a press conference without ...
Claudia Sahm: Economic projections exercise remains flawed but central for dual mandate policy
Claudia Sahm raises concerns about the Summary of Economic Projections, acknowledging its flaws but emphasizing its relevance in determining the appropriate policy to achieve the dual mandate in ...
CPI numbers may appear negative but underlying inflation is concentrated, Claudia Sahm argues
Claudia Sahm notes that upcoming Consumer Price Index (CPI) headlines could be discouraging. She emphasizes the importance of examining the distribution of inflation, arguing that current price ...
Claudia Sahm: Consumer sentiment at record lows as inflation expectations rise
Claudia Sahm highlights a sharp drop in consumer sentiment, noting it has reached all-time lows. She also points to rising inflation expectations, which could have significant implications for the ...
Long-run inflation expectations rose above 2024 range, Claudia Sahm notes
Claudia Sahm highlights that long-run inflation expectations increased from 3.5% in April to 3.9% in May. She notes this is notably higher than the 2.8% to 3.2% range seen in ...
Claudia Sahm: Jay Powell guided U.S. through pandemic and defended Fed independence
Claudia Sahm highlights the impact of Jay Powell's leadership as Fed Chair, emphasizing how his words played a crucial role in guiding the country through the pandemic, explaining the costs of ...
Powell’s tenure underscores economic impact of pandemic, Claudia Sahm underscores
Claudia Sahm highlights how U.S. Federal Reserve Chair Jerome Powell’s tenure has been defined by efforts to balance inflation and employment as part of the central bank's dual mandate. Sahm ...
Claudia Sahm: Fed focus on maximum employment evolves over 20 years
Claudia Sahm, industry influencer, highlights how the Federal Reserve’s understanding of maximum employment has become more rigorous over the past 20 years. She observes that while the Fed’s ...
Warsh praises trimmed means and links to Team Transitory in 2021, Claudia Sahm notes
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 ...
Claudia Sahm: Fed chair selection process described as unusual and ongoing
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 ...
A jobless boom stands out as highly unusual, Claudia Sahm states
Claudia Sahm identified what she called the ‘money chart’ depicting an unprecedented economic trend. Sahm highlighted the unusual situation of a jobless boom, noting it is a very odd ...
Claudia Sahm: U.S. hires rate fell to lowest since April 2020
The U.S. hires rate decreased to 3.1 percent in February 2026, reaching its lowest point since April 2020. Economist Claudia Sahm highlighted that employers brought on as many workers last month, ...
Powell uses risk management approach in wake of Iran supply shock, Claudia Sahm notes
Federal Reserve Chair Jerome Powell's leadership has centered on risk management, according to Claudia Sahm. With the current war in Iran leading to a new supply shock during his tenure, the ...
Claudia Sahm: Risks facing U.S. economy noted in recent interviews
Claudia Sahm has expressed concern about risks facing the U.S. economy, though she states she is not on recession watch. In a new post, Sahm shares excerpts from three recent interviews discussing ...
Low hire fire trend raises vulnerability, Claudia Sahm warns
Claudia Sahm expressed rising discomfort about the resilience of the U.S. economy, noting its current stability but warning that every system has limits. Sahm observed that the low hire, low fire ...
Claudia Sahm: 2026 conference to shape finance technology
Claudia Sahm has highlighted the Boston Fed's upcoming '2026 Technology-Enabled Disruption Conference: Shaping the Future of Finance and Payments.' This event aims to explore the significant ...
