In the news
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"What economists are worried about is, when we strip out those volatile food and energy prices and we look underneath that core inflation — that’s the stuff that’s hard to bring down. When that hit 6.6%, that made people worried about how long that will last. We don’t have to worry, though, that it’s going to go much above where it currently is. We have to be worried that it’s stuck there." Betsey Stevenson
CBS News: Face the Nation
“It takes a long time to determine whether a policy did something good. I think we’re showing in the short term it certainly is improving the material well-being of very low-income families in the U.S. So that’s what we think of as good news on both accounts – that it seems to be helping families improve their food security and it does not seem to be coming at the cost of reducing their labor supply as many people had feared.” Katherine Michelmore on the impact of the expanded Child Tax Credit.
Michigan Radio
“What we find is that families with children are the most likely to report that they’re having trouble putting food on the table, the most likely to report that they’re having trouble paying their rent or utilities. When we look at these direct measures of well-being, it’s families with kids who have the biggest challenges.” Luke Shaefer
NPR
“Today, I feel a little bit more pessimistic that inflation is a little higher and a little more persistent than I would otherwise have thought. But we’ve heard a whole lot of recession talk, an amount that I think is quite extraordinary given the underlying reality, which is the economy remains in pretty good shape.” Justin Wolfers on the September CPI Report.
Brookings
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