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#claudiasahm

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"in September, year-over-year inflation dropped to 2.4%, barely above the Fed’s 2% target and equal to its level in 2018... Fed officials have said they think high borrowing rates are no longer necessary.

"'The restriction was in place because inflation was elevated,' said Claudia Sahm, chief economist at New Century Advisors and a former Fed economist. 'Inflation is no longer elevated. The reason for the restriction is gone.'"

#ClaudiaSahm #JeromePowell #InterestRates #fed #economics

, originator of the eponymous "," has left .

I'm a bit sad. Might I invite her here?

She was one of those scholars who made it big but still seemed like a real human and not so self-absorbed that they can actually respond to you, follow you back, engage, etc. Please read her goodbye post. It is real. And down-to-earth.

stayathomemacro.substack.com/p

Stay-At-Home MacroGoodbye, TwitterBy Claudia Sahm

#ClaudiaSahm roasts central-bank rate hikes: "there is *no* evidence that people's inflation expectations are de-anchoring. Everyone in Europe knows that Putin is the main source of high inflation & that investments are being made to ease pressures on prices in a few years.
"the UK and Europe are screwed (technical macro term), BoE & ECB are key contributors to making a bad situation worse. UK is extra screwed since they went into the crisis in a place of weakness & their government is awful.