Claudia Sahm

@claudia-sahm.bsky.social

21K followers 400 following 440 posts

macro, fiscal, Fed. creator of the Sahm rule recession indicator. Stay-At-Home Macro (SAHM) Substack.

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Claudia Rae Sahm is an American economist, currently serving as Chief Economist for New Century Advisors. She is also the founder of Sahm Consulting. Claudia was formerly director of macroeconomic policy at the Washington Center for Equitable Growth, and a Section Chief at the Board of Governors of the Federal Reserve System, where she worked in various capacities from 2007 to 2019. Sahm specializes in macroeconomics and household finance. She is best known for the development of the Sahm rule, a Federal Reserve Economic Data (FRED) indicator for identifying recessions in real-time. .. more

Economics 57%

Business 32%

Posts Replies Media Videos

Claudia Sahm @claudia-sahm.bsky.social · 20h

I am totally cool with a finance guy ignoring *decades* of research on alternative measures of the poverty rate. We should all wrestle with the question of human flourishing. www.yesigiveafig.com/p/part-1-my-...

Part 1: My Life Is a Lie

How a Broken Benchmark Quietly Broke America

www.yesigiveafig.com

Claudia Sahm @claudia-sahm.bsky.social · 20h

And so predictable.

Reposted by Claudia Sahm

Wendy Edelberg @wendyedelberg.bsky.social · 21h

NYT op-ed from me: Low job gains & low unemployment are causing cognitive dissonance. The cause: immigration policy. If Trump stays the course, job gains may well go lower. www.nytimes.com/2025/11/23/o... But, maybe he acts irresponsibly to get bigger numbers no matter the effect on inflation etc...

Opinion | We’re Seeing What a No-Immigration Economy Looks Like

www.nytimes.com

Reposted by Todd Pugatch

Claudia Sahm @claudia-sahm.bsky.social · 21h

privatize the gains and socialize the costs ftw.

R @ersquare.bsky.social · 22h

A story in 3 acts:

Reposted by Claudia Sahm

R @ersquare.bsky.social · 22h

A story in 3 acts:

Claudia Sahm @claudia-sahm.bsky.social · 1d

Interesting discussion of how businesses set their prices. What's missing is noteworthy, too. Maybe inflation expectations aren't everything? libertystreeteconomics.newyorkfed.org/2025/11/how-...

How Businesses Set Prices—In Their Own Words - Liberty Street Economics

A look at the factors that businesses consider when adjusting their prices in response to various shocks.

libertystreeteconomics.newyorkfed.org

Reposted by Claudia Sahm

Eric Klinenberg @ericklinenberg.bsky.social · 2d

Wendy Edelberg, former chief economist for the Congressional
budget Office, explains why keeping immigrants out of the US will not create a booming labor market for those already here. On the contrary, she writes, “making America less hospitable to immigrants will eventually make America poorer.”

Opinion | We’re Seeing What a No-Immigration Economy Looks Like

www.nytimes.com

Claudia Sahm @claudia-sahm.bsky.social · 2d

“By Powell not being out there right now, he’s letting every member of the FOMC have a voice and be listened to,” said Claudia Sahm. “He’s giving them space to have this disagreement and that’s a good thing.” www.bloomberg.com/news/article...

Fed Watchers Turn to Vote Counting as December Rate Drama Grows

Division at the Federal Reserve has intensified in recent weeks, with officials staking out disparate positions ahead of the central bank’s December policy meeting — all while Chair Jerome Powell stay...

www.bloomberg.com

Reposted by Claudia Sahm

George Pearkes @peark.es · 4d

BLS officially cancels October CPI report.

"BLS could not collect October 2025 reference period survey data due to a lapse in appropriations. BLS is unable to retroactively collect these data. "

November CPI to be released on December 18

Revised news release dates following the 2025 lapse in appropriations

www.bls.gov

Reposted by Aaron Sojourner

Claudia Sahm @claudia-sahm.bsky.social · 4d

“In some ways, this administration could have come in and done nothing and made progress on inflation,” said Claudia Sahm. “But the policies they’ve chosen have created extra costs for businesses, and businesses tend to pass on costs.” www.nytimes.com/2025/11/21/o...

Opinion | Does Trump Know the Price of Milk?

www.nytimes.com

Claudia Sahm @claudia-sahm.bsky.social · 4d

search “economics is a disgrace”

Claudia Sahm @claudia-sahm.bsky.social · 4d

Also, while I do feel vindicated. There’s no joy. It’s really very sad.

Claudia Sahm @claudia-sahm.bsky.social · 4d

I heard from plenty “in the network” at the time that I was being mean. bsky.app/profile/dyna...

Prof Dynarski @dynarski.bsky.social · 4d

“‘He’s an extremely powerful man w/an enormous network of people who have learned from him, been mentored by him. He’s powerful in DC, powerful at Harvard. That counts for a lot, & that explains a lot,’ said Susan Dynarski, a well-known Harvard economist affiliated w/its Grad School of Education.“

Prof Dynarski @dynarski.bsky.social · 4d

Gift Link
www.wsj.com/us-news/larr...

Reposted by Stephen P. Jenkins, David J. Berri

Claudia Sahm @claudia-sahm.bsky.social · 4d

“Claudia Sahm, a former Fed economist who blasted Summers and others for sexism in a widely shared and highly critical 2020 blog post, sounded vindicated. “Okay, so maybe I wasn’t too mean to him…” she said on social media after the emails were made public last week.” www.wsj.com/us-news/larr...