How to Report Inflation to the President

In this engaging discussion, Ernie Tedeschi, former Chief Economist at the Council of Economic Advisers and current Director of Economics at The Budget Lab, dives into the intricacies of inflation reporting. He reveals the factors driving inflation and addresses the tools economists have—or wish they had—for effective analysis. The conversation also uncovers how high interest rates are impacting consumer sentiment and highlights the concerning trend of men dropping out of the labor force, sparking a call for policy action.