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Economist Slams DOGE: Tells Elon Musk-Led Initiative To 'Do Your Legal Job Well' Amid Super Bowl Ad Spending Clash
Sunday, November 24, 2024 - 9:58pm | 540Prominent economist Claudia Sahm has criticized the newly formed Department of Government Efficiency (DOGE) and its leadership’s approach to government spending, particularly regarding their stance on the U.S. Census Bureau’s 2010 Super Bowl advertisement. What Happened: The controversy...
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Trump Advisor's Proposal Of 'Shadow Fed Chair' Turning Jerome Powell Into A Lame Duck Gets Slammed By Economist Claudia Sahm: 'What Could Possibly Go Wrong? Everything!'
Wednesday, October 9, 2024 - 11:15pm | 491Renowned economist Claudia Sahm expressed concerns over a proposal by a Trump advisor to establish a “shadow Fed chair,” potentially undermining current Federal Reserve Chair Jerome Powell. What Happened: Sahm’s comment came in response to a post by Heather Long, an Economic...
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Sahm's Rule Inventor Warns Of 'Messy' Economic Data As Fed Treads Easing Cycle Amid Labor Disputes And Hurricane Helene Impact
Friday, October 4, 2024 - 1:51am | 680Renowned economist Claudia Sahm, the inventor of Sahm’s Rule, offered her perspective on the complex economic landscape facing the Federal Reserve. As the central bank navigates through a potential easing cycle, various factors including labor strikes and natural disasters are complicating...
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Claudia Sahm Underscores Fed's Mandate to Protect Jobs, Says Additional Cuts Expected: 'The Time To Support The Labor Market Is When It's Strong'
Thursday, September 19, 2024 - 10:06pm | 616In an opinion piece in the New York Times titled “Inflation Is Ebbing. Now the Fed Must Protect Jobs,” the inventor of Sahm’s Rule Claudia Sahm said the 0.5 percentage point cut in policy interest rate by the Federal Reserve signifies a change in the central bank’s strategy...
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Jerome Powell's Jackson Hole Speech Praised By Claudia Sahm — Why Is The Sahm's Rule Creator Applauding The Fed Chief
Tuesday, August 27, 2024 - 12:26am | 758Claudia Sahm, the economist behind the Sahm Rule, praised the Chair of the Federal Reserve Jerome Powell‘s speech on X. According to Sahm, Powell emphasized the Fed’s dual mandate and indicated a significant shift in labor market policy. What Happened: Sahm highlighted a notable quote...
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Claudia Sahm Stands By Sahm Rule Amid Criticism From Jerome Powell And Others On Its Economic Significance: 'The Fed Absolutely Should' Have This Conversation
Thursday, August 15, 2024 - 6:40am | 649Economist Claudia Sahm, creator of the eponymous Sahm Rule, has responded to recent criticism of her economic indicator, asserting its importance in discussions about the U.S. labor market and Federal Reserve policy. What Happened: Amid growing debate over the rule’s application and...
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Claudia Sahm Contradicts Her Own Recession Indicator But Underscores That Elevated Risks Are 'Strengthening' The Case For Fed Rate Cuts
Thursday, August 8, 2024 - 5:54am | 691Claudia Sahm, the economist who developed the Sahm Rule, has stated that the U.S. is not currently in a recession. However, she has warned of an increased risk of recession, advocating for potential interest rate cuts by the Federal Reserve. What Happened: Sahm, in a post on X on Wednesday,...
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Unemployment Flashes Recession Warning Signs: Why Some Experts Say This Time Is Different
Wednesday, August 7, 2024 - 12:08pm | 650The weak July jobs report released on Aug. 2 sent the markets into a sell-off. The SPDR S&P 500 ETF Trust (NYSE:SPY) erased over 5% in a now-rare pullback before regaining ground on Tuesday and Wednesday. While recent unemployment data points to a recession, many experts say this go-around is...
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'I Do Not Think The US Economy Is In Recession:' Sahm Rule Creator Refutes Claims Amid Market Turmoil
Tuesday, August 6, 2024 - 1:04am | 607Claudia Sahm, the economist who invented the Sahm Rule, has contradicted claims of a recession in the U.S. economy. This comes amid mounting fears of a recession due to recent market instability. What Happened: Sahm, who is known for developing the Sahm Rule, a key indicator used to predict the...
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Fed Chair Jerome Powell's Stance On 'Sahm Rule' Challenged By Recession Indicator's Developer Claudia Sahm: 'Today Was The Day To Start Easing'
Wednesday, July 31, 2024 - 11:43pm | 789Economist Claudia Sahm has challenged the stance of Federal Reserve Chair Jerome Powell on the ‘Sahm Rule’ and has called for immediate action to address inflation. What Happened: Sahm, known for developing the Sahm Rule, which predicts a recession, took to X to express her views. She...
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Paul Krugman Warns Of Pre-Recession Signals, Says 'Sahm Rule Is Currently Sending The Right Cautionary Message'
Wednesday, July 31, 2024 - 6:15am | 741Nobel Prize-winning economist Paul Krugman has raised concerns about potential pre-recessionary signals. He pointed to the Sahm Rule and its implications for the U.S. economy. What Happened: Krugman discussed the possibility of a recession and the role of the Sahm Rule in predicting and managing...
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If Unemployment Rises To 4.2% In July, It Would Trigger This Key Recessionary Indicator
Tuesday, July 30, 2024 - 1:27pm | 533Friday’s Bureau of Labor Statistics July jobs report could indicate whether the U.S. economy is trickling into recessionary territory, according to a closely watched indicator. The Sahm Rule: The Sahm Rule, devised by economist Claudia Sahm, is a heuristic measure used by the Federal...
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Wharton's Jeremy Siegel Implores Jerome Powell To Signal September Rate Cuts: 'We Are In A Slowing Economy'
Friday, July 5, 2024 - 4:54pm | 409June’s Bureau of Labor Statistics jobs report shows unemployment rising, signaling a continued slowing in the U.S. economy. University of Pennsylvania Wharton professor Jeremy Siegel reacted to the data, recommending the Federal Reserve to cut interest rates in response. What Happened:...
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US Close To Recession Warning As June Jobs Report Shows Rising Unemployment
Friday, July 5, 2024 - 12:12pm | 451The United States is close to breaching the threshold for the Federal Reserve’s “Sahm Rule” according to data from the June jobs report. The Data: The Sahm Rule, named for economist Claudia Sahm, is a heuristic measure used by the Federal Reserve to determine whether the U.S....
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Jerome Powell 'Playing With Fire,' Says Recession Rule Creator Claudia Sahm About Fed's Inaction On Interest Rate Cuts: 'I'm Not Sure What They're Waiting For'
Tuesday, June 18, 2024 - 10:38pm | 677Economist Claudia Sahm cautioned that the Federal Reserve’s reluctance to cut interest rates could potentially push the economy into a recession. What Happened: Sahm, the economist behind the “Sahm Rule,” which predicts recessions based on unemployment rates, is concerned about...