Using the 'Sahm Rule' to predict a recession by looking at unemployment
Former U.S. Fed economist and senior fellow at Jain Family Institute, Claudia Sahm, joins BNN Bloomberg to discuss the recession indicator she's come up with, pre-COVID, that's being used in the U.S. and now in a proposal put out by Canada's Conservative Party. She talks about why she sees it as a good "bipartisan" gauge. She also offers her insights on the U.S. Fed and post-COVID recovery ahead.