Rob Isbitts
Appearances
Wall Street Breakfast
Tariffs and other inflationary pressures
I'm Rob Izbits and you may know me on Seeking Alpha under the profile name Sun Garden Investment Publishing. I also lead the investing group Sun Garden YARP Portfolio. So my guest today, and I've followed her work for a long time and it's great to finally meet her. Claudia Somm is the chief economist at New Century Advisors and a former Federal Reserve economist.
Wall Street Breakfast
Tariffs and other inflationary pressures
I have a top economist with me here. And so I have to ask, because I think I know the answer to this, but who would know better than you? Are tariffs inflationary and who ends up paying them?
Wall Street Breakfast
Tariffs and other inflationary pressures
She is also the creator of this SOM rule that is spelled S-A-H-M if you're Googling it, which you should. That's a recession indicator, highly regarded expert on monetary and fiscal policy, had a lot of experience over the years advising key decision makers at the Fed, at the White House, in Congress. So she's just about done it all under the topic of economics and economic strategy.
Wall Street Breakfast
Tariffs and other inflationary pressures
So it is a pleasure to welcome Claudia Somm.
Wall Street Breakfast
Tariffs and other inflationary pressures
I have three questions on the subject of inflation. First, when you look back just a few years, was it inevitable that we would get higher inflation in 22? And then I want to talk about where the balance of risks is now, and then we're going to hit the T word tariffs.