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Stay-At-Home Macro (SAHM)

Claudia Sahm
Hundreds of paid subscribers

My goal is to make economic policy and macroeconomics better.

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Substack
PricingFreemiumPublishesWeekly
Issues241Founded5 years agoLast Issue7 days ago
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Latest Issues

What will it take for the Fed to hike?

The highlight of last week: I was wrong!

On CNBC Wednesday morning, I predicted that the FOMC minutes would be “much shorter and with fewer details.” Steve Liesman pushed back, arguing that the minutes are a committee document. (So is the...

7 days ago
111
19

Where Is the Fed Headed?

This post was meant to be a deep dive into the inflation data. Mostly, it still is. But this morning, the Supreme Court ruled in Lisa Cook's favor, blocking her removal from the Fed over unproven allegations. So monetary policy stays guided...

20 days ago
98
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Will the Shadow Fed Chair Please Stand Up?

Credit: Chip Somodevilla / Staff. June 17, 2026, FOMC Meeting.

Last week, Kevin Warsh did his best to stay behind the curtain and deliver on his promise of a quieter Fed. The FOMC statement was cut by more than half, to 130 words; Warsh di...

a month ago
94
29

A Good Family Fight

Credit: Getty Images. Kevin Dietsch. Eagle on the front of the Fed’s Eccles Building.

All eyes will be on Kevin Warsh this week as he chairs his first FOMC meeting. However, with PCE inflation on track to top 4% in May, the more pressing q...

a month ago
117
39

Inflation Is High. Is It Broad?

Fed Chair Kevin Warsh recently argued for alternative ways of looking at inflation, such as trimmed means or medians, which, in his words, capture the “underlying inflation rate” and “not … the one-time change in prices because of a change...

a month ago
146
35

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  • Claudia Sahm

    Founder of Sahm Consulting, former Federal Reserve and White House economist.

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