The Fed could use an assist

The Federal Reserve could put a quick end to inflation on its own, economist Claudia Sahm says, but be careful what you wish for. Remember that thing we were talking about yesterday? Sahm, formerly of the Fed and the White House, now the founder of Sahm Consulting, says the central bank can only do so much to tame prices without throwing the economy into recession. For this week’s deep dive, she tells us some ways Congress can pitch in.

Here’s everything we talked about on the show today:

“Don’t make the Fed go it alone on inflation” from Stay-At-Home Macro
“Will the Fed Cause a Recession? Not Necessarily, if Biden’s White House Acts” from Barron’s
“The Agony of an Early Case of Monkeypox” from The New Yorker
“W.H.O. Declares Monkeypox Spread a Global Health Emergency” from The New York Times
“China Targeted Fed to Build Informant Network, Access Data, a Probe Says” from The Wall Street Journal

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