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Claudia Sahm (former Obama/Fed economist) Today's talk. Inflation. (the Fed's dangerous rate raises)
It is inexcusable, bordering on dangerous for the Fed to be raising rates so aggressively. Is 4 percentage points on US core inflation really worth destabilizing Europe and pushing us into a global recession? No, it is not.
Claudia Sahm is an American economist, leading the Macroeconomic Research initiative of the Jain Family Institute. She was formerly director of macroeconomic policy at the Washington Center for Equitable Growth, and a Section Chief at the Board of Governors of the Federal Reserve System, where she worked in various capacities from 2007 to 2019.
Sahm specializes in macroeconomics and household finance. She is best known for the development of the Sahm Rule, a Federal Reserve Economic Data (FRED) indicator for identifying recessions in real-time.
She was a member of President Obama’s Council of Economic Advisors from 2015-2016.
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