Ethan on the Economy
Ethan S. HarrisIn-depth analysis of US economic and Fed news.
| Platform |  | Pricing | Freemium | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 50 | Founded | 2 years ago | Last Issue | 17 hours ago |
| Active | |||||
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ethansharris.substack.comLatest Issues
The era of supply shocks
Trump’s latest tariff threats are a remainder that policy uncertainty and supply-side shocks are the new normal. Forecasters should focus less on a benign baseline where shocks fade out of the forecast, and more on a skewed distribution of...
Is the BEA moving the inflation goal post?
I don’t think so.
I don’t think so. However, it is worrisome that so many people are even asking this question. Moreover, data manipulation could be just a matter of time.
June PCE inflation: good but not great
With the June CPI and PPI out, we can nowcast the core and headline PCE for June. The news is good, but not nearly as good as for the CPI.
The Fed targets the PCE deflator not the CPI. The former has different weights (mainly, more on medi...
CPI: relief from the heat
Today’s CPI report was much weaker than expected and offset the dramatic surge in April. Warsh stuck to the standard script in his Congressional testimony, noting that one month does not make a trend.
Today’s CPI report was very encouragin...
My Warsh decoder ring
History shows that when the Fed’s message is more opaque investors simply dig deeper for nuggets of information. Here is a guide to how to sort through the subtle signals from Kevin Warsh.
Ethan on the Economy is a reader-supported publica...
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| Subscribers | Engagement | 70 | Monthly Web Visits | ||
|---|---|---|---|---|---|
| Accepts Sponsors | Estimated Cost per Ad | ||||
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Authors
The writers behind this newsletter.
Former US Chief Economist at Lehman Brothers and Global Head of Economics at Bank of America. Previously, Head of Domestic Research Division at the NY Fed. Ethan holds a Ph.D. from Columbia University and is the author of "Ben Bernanke's Fed."
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