- Federal Reserve Bank of New York
- MKP Capital Management
- Macroeconomic policy
- Labor and workforce dynamics
- Inflation and the Federal Reserve
- Columbia University, J.D., B.S., B.A.
OCT 6, 2023
Skanda Amarnath, executive director at Employ America, says September’s report could show some “idiosyncratic snapback” as the impact of the Yellow bankruptcy—which held down employment growth in August—fades.
SEP 13, 2023
Experts say the Fed is unlikely to change course because of the August data. But the door is open for another hike later this year, and next week’s meeting will illuminate how officials think their inflation fight will unfold. “It’s a little hot, but I don’t think it’s an inflection point,” said Skanda Amarnath, executive director of Employ America, a liberal think tank pushing for the economy to run hot. “It’s information that tells you the process is going to take some time. Don’t expect inflation to fall overnight.”
JULY 12, 2023
Consumer Price Index figures released Wednesday morning showed airfares down 19% in June from last year and car rental rates down 12%, for their fifth consecutive month of declines… “It’s the consumer getting to the end of their ‘revenge spending,’” said Skanda Amarnath, the executive director of the macroeconomic policy group Employ America.
OCT 20, 2022
All this news also represents a major triumph for Amarnath and Employ America, which launched only three years ago. Most of the group’s work focuses on the Federal Reserve, pushing for the institution to prioritize job creation ahead of a narrow focus on preventing inflation. And Employ America and its allies essentially won that fight, as the Jay Powell-led Fed bumped trillions into the economy in 2020 and effected, by far, the fastest fall in the unemployment rate the US had ever seen. Amarnath became a ubiquitous presence in business media, pushing on a staid audience of financiers the notion that sustaining a high-employment economy is not only possible, but desirable.
Interested in speaking with Skanda Amarnath?
Skanda Amarnath is the Executive Director of Employ America, a policy research organization focused on monetary, fiscal, and industrial-level policies for advancing full employment outcomes and addressing business cycle risks. He leads the organization’s work to design new industrial policy tools to fight inflation, including the successful revision of federal regulation to use existing statutory authorities for stockpile acquisition to flexibly support supply-side responses. Before leading the organization, Amarnath served as Employ America’s Director of Research & Analysis, where he focused primarily on Federal Reserve policy.