The Sahm Rule is an indicator that detects recessions in real-time based on changes in the unemployment rate. This rule was proposed by Claudia Sahm, a former Federal Reserve economist and a leading expert on macroeconomic policy.
Today, we learn about the Sahm Rule and more!
In this episode, Ryan Detrick & Sonu Varghese speak with Claudia Sahm, Independent Macroeconomist Consultant, about the Sahm Rule, unemployment, and the current economic landscape. They explore the Sahm Rule as an indicator of recessions, the impact of COVID-19 on the economy, and insights from Claudia's time at the Federal Reserve.
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About our guest:
Claudia Sahm is an economist, 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. She is best known for the development of the Sahm Rule, a Federal Reserve Economic Data indicator for identifying recessions.