What Does the Latest Inflation Data Mean for the Fed’s Next Move?

Aaron Hedlund is an associate professor with tenure in the Mitch Daniels School of Business at Purdue University, as well as a research fellow at the Federal Reserve Bank of St. Louis. From 2020 to 2021, Hedlund was the Chief Domestic Economist and Senior Adviser at the White House Council of Economic Advisers (CEA). Before joining the CEA, he was also the Acting Director of Academic Outreach and Senior Fellow at the Center for Growth and Opportunity. His other public policy experiences include stints at the Heritage Foundation and the International Trade Commission as well as service in senior state-level advisory roles. Hedlund's research focuses on the intersection of macroeconomics, finance, real estate, and labor. Some of the topics he has studied extensively include the causes and consequences of housing booms and busts, the forces driving up college tuition and student debt, and the macroeconomic implications of China's economic transformation. He has also written and spoken extensively on market-oriented reforms to the tax code and healthcare system. In addition to appearing in peer-reviewed academic journals, Hedlund's work has been featured in the Wall Street Journal and National Review, has been used as expert testimony in state-level policy initiatives, and has been presented at numerous think tanks, academic institutions, and central banks both in and outside of the United States. Hedlund received his Ph.D. in economics from the University of Pennsylvania and his Bachelor's in economics and mathematics from Duke University. Aaron is currently on a leave of absence and serving as the Chief Economist at the White House Council of Economic Advisers.