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Jay Powell isn't enough to save the Fed
Another week, another attack on the Federal Reserve from the Trump administration.
8 hrs ago
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Claudia Sahm
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There are no shortcuts to affordability
As 2025 comes to a close, affordability is the lens through which all policymakers are being judged.
Dec 18, 2025
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Claudia Sahm
115
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The Future of Data
Today should have been Jobs Day, with the November employment report from the Bureau of Labor Statistics, but the federal statistical agencies are still…
Dec 5, 2025
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Claudia Sahm
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Job growth has slowed sharply; the question is why
Aug 5, 2025
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Claudia Sahm
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The labor market won't offer the same buffer this time
Jun 4, 2025
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Claudia Sahm
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A Curious Kind of Cycle
Nov 3, 2025
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Claudia Sahm
53
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DOGE recession?
Mar 4, 2025
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Claudia Sahm
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There are no shortcuts to affordability
Dec 18, 2025
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Claudia Sahm
115
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What are inflation surprises telling us about tariffs?
Jun 18, 2025
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Claudia Sahm
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A Curious Kind of Cycle
Today’s post is an excerpt of a talk I gave last week at the Forecasters Club of New York.
Nov 3, 2025
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Claudia Sahm
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Slow down and protect things: Fed independence and the Supreme Court
The White House’s ‘move fast and break things’ attack on the Fed hit a roadblock yesterday: the Supreme Court.
Oct 2, 2025
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Claudia Sahm
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Fed today, Fed tomorrow
Fed Chair Powell has warned that there are “no risk-free paths now.” He’s referring to the challenging situation for the Fed with the risk of inflation…
Sep 26, 2025
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Claudia Sahm
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Who will be in charge of interest rates?
Fed independence is a question of power.
Sep 4, 2025
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Claudia Sahm
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Framing up the next move in monetary policy: Powell at Jackson Hole
The main event of the week in economic policy may sound bland: “Economic Outlook and Framework Review.” However, Fed Chair Powell’s speech on Friday at…
Aug 18, 2025
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Claudia Sahm
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Job growth has slowed sharply; the question is why
After an avalanche of data last week, there are more signs of a slowing economy.
Aug 5, 2025
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Claudia Sahm
191
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Brick by brick: Fed independence
Two foundational protections of the Fed’s independence in monetary policy are under threat: the tenure of Fed officials and the control of its budget.
Jul 24, 2025
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Claudia Sahm
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Stay-At-Home Macro (SAHM)
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