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Preston Mui

Senior Economist preston@employamerica.org

About

Preston is a Senior Economist specializing in macroeconomics and labor economics. In his role at Employ America he reports extensively on the Federal Reserve and analyzes labor market and macroeconomic data to guide our Federal Reserve advocacy and identify key macroeconomic dynamics. Preston also collaborates closely with our policy team to develop legislative proposals and analyse the macroeconomic impact of policy changes, and has a growing body of work exploring the relationship between full employment and productivity.

Preston holds a PhD in Economics from the University of California, Berkeley. His academic work has been published in The Review of Economic Statistics and The Review of Economic Studies. He’s a trusted voice in economic policy media, and has been featured or cited in the New York Times, Washington Post, Marketplace, Barron’s, Axios, Reuters, AP News, and more.

Preston is based in Seattle, Washington, and enjoys birdwatching and racing criteriums.

Preston Mui's Work

188 Posts
Preston Mui

Despite the tariff announcement, Fedspeak is nearly indistinguishable from last week.

This is our last snapshot of the labor market before we really start seeing the effects of the new Administration’s policies on the economy.

We're starting to get more color from Fed officials about how they see tariffs playing out. Everyone is qualifying their comments with heavy pinches of salt.

We have updated our dot estimates with the March SEP dots.

The uncertainty over tariffs put inflation targeting’s weakness on display.

Note: Subscribers to MacroSuite receive our FOMC preview at the beginning of the blackout period before each FOMC meeting. A public version of the preview will be released closer to the meeting.  If you're interested in becoming a MacroSuite subscriber, please reach out to macrosuite@employamerica.org What

The Fed faces risk from multiple directions and is experiencing a high level of uncertainty. Our baseline scenario sees the hawks mostly unchanged and the doves to consolidate towards two cuts for 2025.

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