Labor Economics and Public Policy by Michael Strain
Michael Strain: Odds of U.S. rate hike rise as inflation accelerates
Michael Strain observes that underlying inflation seems to be accelerating. He highlights that the bond market is pricing in roughly two-thirds chance of a U.S. rate hike in September and about ...
Considering encyclical guidance on GDP and finance, Michael Strain notes
Michael Strain expresses his commitment to thoughtfully consider every aspect of a recent encyclical, highlighting that he finds it especially challenging to do so for the sections addressing GDP ...
Michael Strain: California $20 minimum wage discussed in new podcast
Michael Strain highlights a podcast episode from Cato Institute featuring a discussion with Ryan Bourne and Jeffrey Clemens on California’s $20 minimum wage, along with other related topics. ...
Fed must control inflation as key duty, Michael Strain writes
Michael Strain states that the responsibility to maintain low and stable inflation lies with the Federal Reserve, not President Donald Trump. He adds that advocates of central bank independence, ...
Michael Strain: Fed raised rates only after inflation reached 8 percent
Michael Strain highlights that after the pandemic, the Federal Reserve did not begin to raise interest rates above zero percent until consumer price inflation reached 8 percent. He points out ...
Gambling tax penalties distort income treatment, Michael Strain notes
Michael Strain highlights views by Kyle Pomerleau and Alex Durante, emphasizing that ongoing penalties and distortions from U.S. income tax rules continue to affect gambling income. According to ...
Michael Strain: Diverging views on U.S. inflation and labor market outlook
Michael Strain comments on economist Jason Furman's perspective on inflation and the broader economic outlook. Strain states he disagrees on two points: he is less optimistic about inflation ...
Labor market stays resilient and does not show rapid weakening, Michael Strain argues
Michael Strain asserts that the labor market remains strong, emphasizing that it is not weakening at a pace that would cause concern. According to Strain, recent trends do not indicate a ...
Michael Strain: Parents seek college savings flexibility amid uncertain costs and competing goals
Some parents are hesitant to lock money into college-savings accounts, according to Michael Strain. Instead, they prefer to maintain flexibility in their finances as educational costs and savings ...
Iran war could drive further inflation damage in U.S., Michael Strain warns
Michael Strain highlights the risk that an Iran conflict causing an oil-price shock could further damage already fragile inflation psychology in the U.S. He argues that it is crucial for the ...
Michael Strain: Fed must return inflation to target to support U.S. prosperity
Michael Strain emphasizes that it is crucial for the Fed to succeed in bringing inflation back to its target after five years. He argues that only by achieving this can the underlying foundation ...
