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Latest Issues

To Disparage Powell's Legacy, the WSJ Ed Board Ignores the Facts

Now that Kevin Warsh is confirmed as the new Fed chair, articles evaluating Powell’s legacy are proliferating, like here and here. I’ve sung Powell’s praise in many places; regular readers know that I think he should be remembered for his r...

6 days ago
75
20

More Inflation, and What Kevin Warsh is Getting Wrong

Given yesterday’s hot CPI report, it’s not a surprise that wholesale prices—the Producer Price Index (PPI), out this AM from BLS—were also up in April. But they beat expectations by a good bit and the data reveal pressures in the inflation...

7 days ago
77
9

Inflation Comes in Hot In April

I’ll get under-the-hood in a moment, and you know my methods—never over-torque on one-month’s data. But this is a concerning inflation report. It’s not just that inflation is up at a blistering 3.8%, which is even slightly above what was ex...

8 days ago
99
22

Grocery Price Pressures: A Major Vibe Source

As you probably know, the CPI index is a weighted average of prices, with each item’s weight coming from its share of the consumer market basket. One thing I’ve learned from the vibes debate is that there is a huge difference between basket...

9 days ago
79
20

An Open Letter to the President!

Dear President Trump,

You don’t know me but we have a lot in common! We both lived in NYC and, if that’s not enough, I used to work for the government, just like you do now. Yes, I admit I worked for the Biden admin, of whom you are someti...

10 days ago
184
29

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Authors

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  • Jared Bernstein

    Former Biden CEA Chair

  • Ryan Cummings

    Ryan Cummings is Chief of Staff for the Stanford Institute for Economic Policy Research (SIEPR). From 2021-2023, he was an economist at the White House Council of Economic Advisers.

  • Daniel Posthumus

    Stanford Institute for Economic Policy Research Predoctoral Fellow

  • Neale Mahoney

    Professor of Economics at Stanford University and Director of the Stanford Institute for Economic Policy Research (SIEPR).

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