Inflation, Productivity, and the American Workforce
By Jeanette Garretty, Chief Economist August 27, 2021 – There is a great deal of attention currently directed to the issue of US inflation. Depending upon the chosen metric— CPI, core CPI, year-over-year, month-over-month– the rate of inflation is somewhere between3.5% and 5.5%, and well above the 2010-2020 average of approximately 2%. Although the FederalReserve […]
A Look Back
August 27, 2021 Good morning, The long anticipated speech from the Jackson Hole Symposium by Jay Powell hits the tape at 10am ET this morning. A virtual mountain of words have been written about what JP will say. There’s no point in adding to that this morning. Instead, let’s look back at previous tapers and […]