Are We in a Recession? The Sahm Rule Says Yes. Its Creator Says Not So Fast

Claudia Sahm, an influential economist, discusses her creation, the Sahm Rule, designed to assess recessions based on unemployment rates. She reflects on its origins and the implications of its use in policy debates, expressing a wish it had a different name. The conversation dives deep into the current economic landscape and the public's recession fears, alongside exploring government responses to downturns. Sahm also emphasizes the need for careful interpretation of economic indicators, especially in today's shifting environment.