Daleep (Dalip) Singh

speaker

102 appearances 1 recordings 1 series first heard Jul 2026 last heard 7 Jul

Daleep (Dalip) Singh’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

Appearances

newest first · ▶ plays the moment

The Outthinking Investor with Daleep Singh · Warsh's Opening Act: Inside the Fed's Regime Shift with James Bullard · 7 Jul 2026 podcast

He served on the FOMC through the financial crisis, through COVID, and the worst inflation outbreak in 40 years.

He famously argued in late 2021 that the Fed was behind the curve while the committee was still calling inflation transitory.

Jim is now the dean of the Daniels School of Business at Purdue University.

It's a change of address that has not dulled his appetite to say sharp things about the institution.

Thanks for joining the show, Jim.

Thanks very much for having me.

Looking forward to it.

So, Jim, let's start with the most basic interpretive question.

We've had one meeting under Chair Warsh, 130-word statement punctuated with clear emphasis on price stability, a dot plot that flipped towards hikes this year, five announced task forces, and virtually no explicit policy guidance in the presser.

Markets have read the meeting outcome as hawkish.

The Fed funds curve now prices about thirty five basis points of hikes before year end.

Are markets correct?

Okay, so Jim, let me press you on the character of underlying inflation.

The committee revised up its year-end core PCE projection by 60 BIPS to 3.3%, and core PCE is no longer projected by the FOMC to hit 2.0% within its forecast horizon.

I read this as a recognition of structurally hotter demand growth powered by drivers that are not highly sensitive to policy rates or energy prices for that matter.

I'm talking about AI capex and the downstream lift to wealth-driven consumption.

And this demand side, boom, is colliding with a set of supply side shocks that are not mean reverting and are not independent of each other.

So tell me, what's your diagnosis?

What's driving inflation?

How persistent is it?

Showing 21–40 of 102 · page 2 of 6