Claudia Sahm

@claudia-sahm.bsky.social

24K followers 400 following 480 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

Reposted by Claudia Sahm

The Washington Post @washingtonpost.com · 5h

The Trump administration reached an agreement with seven states to resolve a lawsuit challenging the legality of former president Joe Biden’s student loan repayment plan, which could leave millions of borrowers scrambling to find another option.

Trump administration strikes deal to end Biden’s student loan repayment plan

A settlement between the Trump administration and seven states could soon end the Save program that lowered payments and offered quicker loan cancellation.

www.washingtonpost.com

Claudia Sahm @claudia-sahm.bsky.social · 5h

Really racking up policies to improve affordability ...

The Washington Post @washingtonpost.com · 5h

Trump administration strikes deal to end Biden’s student loan repayment plan

A settlement between the Trump administration and seven states could soon end the Save program that lowered payments and offered quicker loan cancellation.

www.washingtonpost.com

Claudia Sahm @claudia-sahm.bsky.social · 6h

We were truly robbed by the pandemic. Tragic.

Claudia Sahm @claudia-sahm.bsky.social · 7h

Quits are a good metric for how much bargaining power workers have ... not good now. Relatedly, the wage boost from switching jobs has collapsed.

Claudia Sahm @claudia-sahm.bsky.social · 8h

Time to retire the "low hire-low fire" label of the labor market. It's "low hire." That's a problem even without layoffs spiking.

Reposted by Claudia Sahm, Trevon D. Logan

Ben Casselman @bencasselman.bsky.social · 11h

Same product. Same store. Same time. But on Instacart, different customers may see different prices.
My story on a fascinating new experiment from @groundwork.bsky.social & @consumerreports.org and how the idea of a single price is breaking down in the digital age:
www.nytimes.com/2025/12/09/b...

Same Product, Same Store, but on Instacart, Prices Might Differ

www.nytimes.com

Claudia Sahm @claudia-sahm.bsky.social · 11h

There’s an intense focus on how the Fed‘s reacting to slowing job creation and stubborn inflation. What is the White House doing?

Claudia Sahm @claudia-sahm.bsky.social · 12h

“Litmus test” comment is problematic (and unsurprising) … but what in the world is that last answer?

David Wessel @davidmwessel.bsky.social · 12h

What Trump said about the Fed to Politico: the transcript www.politico.com/news/2025/12...

Reposted by Claudia Sahm, Christian E. Weller

David Wessel @davidmwessel.bsky.social · 12h

What Trump said about the Fed to Politico: the transcript www.politico.com/news/2025/12...

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

Context. bloomberg.com/news/articles/2025-12-08/hassett-says-irresponsible-to-specify-six-month-fed-rate-plan?srnd=homepage-americas The many efforts to undermine the credibility of the current Fed are what's irresponsible.

Hassett Says ‘Irresponsible’ to Specify Six-Month Fed Rate Plan

White House National Economic Council Director Kevin Hassett said it would be irresponsible for the Federal Reserve to lay out a plan for where it aims to take interest rates over the next six months,...

bloomberg.com

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

When has the Fed ever specified a "six month plan?"

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

Another ‘star’ of the disgrace post.

Reposted by Richard S.J. Tol

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

Goodness, give Harald what he wants. He's earned it.

Florian Ederer @florianederer.bsky.social · 2d

Amazing things happening on X

Reposted by Claudia Sahm, Richard S.J. Tol, Silvia Secchi

Florian Ederer @florianederer.bsky.social · 2d

Amazing things happening on X

Reposted by Claudia Sahm

Cheesles @cheesles.bsky.social · 4d

A helpful and informative read from @claudia-sahm.bsky.social . So go get helped and informed.

#econsky
#finsky

www.imf.org/en/publicati...

Alternative Data and Monetary Policy

Central bankers are tapping nontraditional data sources for a more complete picture of the economy

www.imf.org

Substack

The Future of Data

Today should have been Jobs Day, with the November employment report from the Bureau of Labor Statistics, but the federal statistical agencies are still working through delays due to the 43-day government shutdown that ended last month. Instead, this week offered another raft of private-sector and administrative data on the labor ma…

Reposts 3 4d

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

If President can remove Cook, he can remove any Governor, including Chair. It puts Fed under direct control of White House.

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

Without a majority of the Board, the Bank Presidents are 'safe' ... again the Supreme Court case is critical.

Reposted by Paul Davies, Trevon D. Logan, Aaron Sojourner , and 1 more Paul Davies, Trevon D. Logan, Aaron Sojourner, Scott A. Imberman

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

I have participated in the 'Fed Chair sweepstakes' like any good Fed watcher. It matters. But **absolutely pivotal** for next year is the Supreme Court decision on Lisa Cook. If the President can remove members of the Board without review, it's game over for Fed independence.

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

“Big changes that could happen at the Fed, in terms of the Supreme Court allowing the president to remove a Fed governor,” said Claudia Sahm. “I think at the end of the day, the economy’s going to drive where rates go. But it could be a pretty uncomfortable ride.” www.marketplace.org/story/2025/1...