Sahm Calls on Fed to Raise Rates Amid Shifting US Inflation Picture

Claudia Sahm, chief economist at New Century Advisors, believes it's time for the Federal Reserve to take action. Speaking on 'Bloomberg Surveillance', Sahm stated that 'there is something shifting in the inflation picture in the US right now'. She thinks it would be most appropriate for the Fed to start raising interest rates.

Sahm's comments come as the August 2026 Jackson Hole economic summit approaches. The event will bring together top economists and policymakers to discuss global economic issues. Sahm's views may influence the discussions at the summit, which could have significant implications for monetary policy in the US.