January 11, 2023 19:29 GMT
MNI PODCAST: FedSpeak-Sahm Sees Rate Hike Pause Coming Soon
Ex-Fed board economist is sanguine about inflation pressures abating, and thinks the Fed is nearly done.
- Ex-Fed board economist Claudia Sahm says the Fed might well hike just once more before a pause.
- She sees the inflation picture continuing to improve, especially as housing costs become a drag on CPI by mid-year, although progress will remain bumpy.
- Sahm says there’s still a path to a soft landing, and it’s based on the surprising strength and resilience of the job market.
Listen to the full podcast here.