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Econbrowser

Analysis of current economic conditions and policy

Miran to Fed: What Are His Views?

Lots of stories regarding the impact of CEA Chair’s temporary appointment to the vacancy at the Fed Board. For an insight into Dr. Miran’s views, here’s a list of his peer reviewed articles.

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This entry was posted on August 8, 2025 by Menzie Chinn.

“And you want to be my latex salesman?” (BLS edition) [updated 8/9/25]

I hear that Bannon is pushing Heritage Chief Economist EJ Antoni for BLS Commissioner.

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This entry was posted on August 7, 2025 by Menzie Chinn.

Manufacturing on the Ropes?

Manufacturing employment, hours, capacity utilization down since March 2025 (pre-“Liberation Day”); manufacturing production (Fed index) flat since March.

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This entry was posted on August 7, 2025 by Menzie Chinn.

CalculatedRisk (Still) on Recession Watch

Bill McBride’s assessment here.

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This entry was posted on August 6, 2025 by Menzie Chinn.

Even *More* Depressing Pictures from the Labor Market

You think the official BLS NFP series is worrying, consider the alternatives:

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This entry was posted on August 5, 2025 by Menzie Chinn.

How Are Wisconsin Exports, Manufacturing Doing under Trump Trade War 2.0?

Discussed the employment numbers on WPR this morning. One question came up, which inspired this post – how’s Wisconsin doing, tradewise, given the states’ trade/manufacturing dependence.

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This entry was posted on August 5, 2025 by Menzie Chinn.

Tariff Impact Watch – Retail Prices thru 7/26

From Cavallo et al. (Aug. 2025):

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This entry was posted on August 4, 2025 by Menzie Chinn.

UW Now Live: “Trumponomics” and the state of the U.S. economy” [updated 8/9 w/recording]

This week’s livestream featuring Menzie Chinn and Lydia Cox, moderated by Mike Knetter, is Tuesday, Aug. 5, at 7 p.m. CDT (hosted by the Wisconsin Alumni Association):

Register here. Youtube video here. My slides here:

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This entry was posted on August 4, 2025 by Menzie Chinn.

EPU and EPU-Trade Policy Uncertainty Measured

Through 8/3:

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This entry was posted on August 4, 2025 by Menzie Chinn.

Trump’s Willing Enabler

From the NYT:

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This entry was posted on August 3, 2025 by Menzie Chinn.

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Authors

James D. Hamilton is Professor of Economics at the University of California, San Diego

Menzie Chinn is Professor of Public Affairs and Economics at the University of Wisconsin, Madison

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Recent Posts

  • Yield Curves over the Last Year
  • “How Tariffs are Affecting Wisconsin Economy”
  • Bloomberg: “Economists Rally Behind Cook, Fed Independence in Open Letter”
  • Bordo-McCauley: “A wrong Fed could do the dollar in: An open letter to the US Senate”
  • The Employment Picture — Pre-August Release

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Current Indicators

Econbrowser faces the data: (since Apr 30,2025)

Econbrowser recession indicator index: 11.7 (describes  2025:Q1)

The most recent U.S. recession began in 2020:Q1 and ended in 2020:Q2

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