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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
Issues239Founded5 years agoLast Issue9 days ago
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Latest Issues

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...

9 days ago
92
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...

15 days ago
117
38

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...

22 days ago
144
34

Consumer Sentiment Isn't Politics, but Politics Is Reshaping It

A time of disruption is a time when expectations can play an outsized role in shaping the economy’s path. Now could be one of those times. Gasoline prices are almost 50% higher than in late February. How people react depends primarily on th...

a month ago
139
25

Words That Mattered: Fed Chair Jay Powell

Credit: Getty Images. Xinhua News Agency.

Today, May 15, is Jay Powell’s final day as Fed Chair.

Powell was sworn in as Chair in February 2018. He inherited an economy with unemployment at 4% and inflation slightly below 2%—near both sid...

2 months ago
134
27

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  • Claudia Sahm

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

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