Professor at Harvard. Teaches Ec 10, some posts might be educational. Also Senior Fellow @PIIE & contributor @nytopinion. Was Chair of President Obama's CEA.hks.harvard.edu/faculty/jason-… Cambridge, MAJoined April 2011
The PCE-based Ecumenical Underlying Inflation measure is out for July. It was 2.7%, up from earlier in the year.
This is the median of 8 concepts each over 3, 6 and 12 months--all remeaned to match the PCE.
FWIW, my own judgment is a touch lower than this.
Fed independence is not lost following Lisa Cook's firing, but to defend it will require the simultaneous efforts of several institutions: namely, the Supreme Court, the Senate, & the Fed itself, @jasonfurman writes in @nytimes: nyti.ms/47JZIqw
IMPT: Beware an assault on independence of Fed through not reappointing Fed Bank Presidents.
The 7-Member Fed Board reappoints ALL 12 Fed Bd Presidents (a rotating 5 vote on interest rates) THIS end of February 2026! Illegal firing of Cook could create majority of 7 to not…
IMPT: Beware an assault on independence of Fed through not reappointing Fed Bank Presidents.
The 7-Member Fed Board reappoints ALL 12 Fed Bd Presidents (a rotating 5 vote on interest rates) THIS end of February 2026! Illegal firing of Cook could create majority of 7 to not…
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