Former Director of Macroeconomic Policy
Claudia Sahm Household
Claudia Sahm is a former director of macroeconomic policy at the Washington Center for Equitable Growth. She has policy and research expertise on consumer spending, fiscal stimulus, and the financial well-being of households. She is the author of the "Sahm Rule," a reliable early signal of recessions that she developed as a way to automatically trigger stimulus payments to individuals in a recession. Previously, Sahm was a section chief in the Division of Consumer and Community Affairs at the Federal Reserve Board, where she oversaw the Survey of Household Economics and Decisionmaking. Before that she worked for 10 years in the Division of Research and Statistics on the staff’s macroeconomic forecast. She was a senior economist at the Council of Economic Advisers in 2015–2016. Sahm holds a Ph.D. in economics from the University of Michigan (2007) and a B.A. in economics, political science, and German from Denison University (1998).