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Skanda Amarnath

Executive Director skanda@employamerica.org

About

As co-founder and Executive Director of Employ America, Skanda both leads our economic policy advocacy and ensures the long-term sustainability of the organization. Skanda’s commitment to our mission of full employment informs all of his work, from regular analyses of price and jobs data, to interpreting and forecasting market conditions, to developing new frameworks for Federal Reserve policy, strategy, and communication.

Skanda draws on a foundation of knowledge and career experience at the intersection of finance and policy. He was Vice President at MKP Capital Management operating as a market economist and strategist, and previously served as an Analyst within the Capital Markets function of the Research Group at the Federal Reserve Bank of New York. He has undergraduate degrees in Applied Mathematics and Economics from Columbia, and holds a Juris Doctor degree from Columbia Law School.

A frequent media guest and commentator, Skanda has been featured or quoted in the New York Times, the Atlantic, Heatmap News, Politico, Vox, the Wall Street Journal, Forbes, the American Prospect, the Washington Post, and more. He is also a regular contributor to Bloomberg’s Odd Lots newsletter. Skanda is based in Jersey City, NJ, and enjoys cooking, tennis, and cycling in his spare time.

Skanda Amarnath's Work

759 Posts
Skanda Amarnath

Recent developments in oil markets show how important it is to follow through on the second half of the SPR strategy.

August headline CPI inflation will likely come in close to the consensus forecast at -0.1% – which would be the lowest single-month reading since the onset of the pandemic.

The administration’s recently proposed regulation for flexibly refilling the SPR is a welcome policy change with serious potential to deliver price and supply stabilization benefits.

Two things are all but guaranteed for the rest of the week: 1. The Fed is going to hike 75 basis points (2.25%-2.50%) and signal that it remains vigilant about inflation. Their characterization of growth dynamics are likely to remain on the rosier side, and inflation expectations

The long-term goal of energy policy should encompass more than just security and decarbonization: the goal should be to ensure energy capacity abundance and stable energy cost.

As was warned in our May CPI preview (Peak Inflation? Not So Fast, My Friend. Upside Surprises Loom Large), the "peak inflation" calls were likely to prove premature. With the rapid rise of gasoline prices in the first half of June and passthrough from higher US benchmark natural

The White House should not use the refining capacity crunch as a reason to avoid grappling with the fragile state of crude oil supply, as it appears to be doing. In gasoline and other refined products, there are two related but separable sources of scarcity: crude oil and refining capacity.

Just as housing unit completions began to pick up in May, the pipeline of new housing units has already begun to fade. Builders are getting rationally spooked by tighter financial conditions and its real economic implications. While higher mortgage rates reduce the demand for investment (a new housing structure), higher

The Department of Treasury should be making use of the Exchange Stabilization Fund (ESF) to target accelerated supply-side responses and insure critical producers against downside risks.

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