Macro MATTers: Jobs and CPI data, r-star, and who will be the next Fed chair

In the latest Macro MATTers podcast, Matthew Luzzetti (Chief US Economist) and Matthew Raskin (Head of US Rates Research) discuss recent events moving markets. In this episode, their discussion focuses on takeaways from recent data, evidence that the neutral fed funds rate is higher, and issues related to Jay Powell’s successor as Fed chair. (Note: This podcast was recorded on June 11th after the release of the May CPI report.)