Why Taylor Matters To Economists
In addition to being a generational talent, Taylor Swift is a great economist,” said Carolyn Sloane, a labor economist at the University of Chicago. “Taylor has great ideas, is able to scale her ideas and seems to be pretty risk-seeking…
Swift herself got a mention in the Federal Reserve Bank of Philadelphia’s June Beige Book for spurring growth in the city’s economy, while Fed Chair Jerome Powell indicated that spending on cultural phenomena like the Eras concerts, Beyonce’s Renaissance World Tour and the Barbie movie is on the radar of policymakers as they debate further interest-rate hikes and determine how the American consumer is faring. – Bloomberg
Don’t Be Mean

One wonders if the Fed may think people are having too much fun—time to tighten the thumb screws again? Or, must be near full employment—mission accomplished-now back to the thumb screws.