Jai Kedia
@JaiKedia
Research Fellow @CatoCMFA with a focus on monetary policy and macro-finance | PhD in Econ from @UCIrvine. Views expressed are my own, not Cato’s.
The administration has been hurling insults at Fed Chair Powell to pressure the FOMC into rate cuts. Politically motivated monetary policy is dangerous and counterproductive. Read my new @CatoCMFA article here: cato.org/blog/political…
"Vice President Vance used the lower-than-expected producer price index (PPI) numbers to claim that the 'economics profession doesn’t fully understand tariffs,' even though the PPI does not include imports, the sector most likely to show immediate tariff effects." @JaiKedia…
We recorded this video a couple of days ago and decided against talking about all the ridiculous insults and calls to resign being thrown at Jerome Powell. With the escalation today, maybe we should have discussed the ridiculousness. cato.org/multimedia/cat… via @CatoInstitute
The market should decide, not Comrade Kirk.
We need more electricians and less sociology majors.
.@JaiKedia says the Fed should adopt a rules-based approach—not rely on discretionary decision-making. In such a system, the Fed would follow a publicly known formula to set the federal-funds rate, with flexibility to adjust to exigent circumstances.
🧵 This week’s Debt Digest: • Congress passes a $9 billion rescissions package • More senior tax breaks = more political handouts • Why the Fed needs a rules-based approach • The CIA’s VC firm • More subsidies won’t solve America’s housing affordability problem 👇
Inside beltway thinking--first line in recent Urban Institute report: SNAP is "the most effective defense against hunger in the country." What about markets, which miraculously distribute $2 trillion in food each year to 1 million food stores and restaurants across our vast land?
"The Bureau of Labor Statistics (BLS) recently released price index data for June. Unfortunately, tariff defenders are drawing incorrect conclusions from this data." cato.org/blog/june-bls-…
Primer on how JD Vance & others are making wildly false inferences about the effects of tariffs by misusing and misreading the PPI at a basic level. cato.org/blog/june-bls-…
"While the lawmakers voiced support for the move, which would likely roil financial markets and lead to a consequential legal showdown, Trump has not made a final decision and could change his mind, according to the official who requested anonymity to discuss a private…
This tariff policy is going to result in higher prices and fewer goods available for people to buy, @CatoInstitute's @norbertjmichel told @samjsutton @politico. "That's a supply shock. It’s not a win." politico.com/newsletters/mo…
My @MarketWatch op-ed that explains how rules-based monetary policy can improve outcomes and shield the Fed from the recent political attacks: @CatoCMFA marketwatch.com/story/heres-ho…