The Training Wheels Are Coming Off.
Can the Economy Handle Policy Normalization?
Tighter monetary policy is arriving at a time when Russia’s invasion of Ukraine and another potential wave of global COVID infections is causing global uncertainty to surge. Disruptions to supply chains are expected to persist and inflationary pressures are likely to rise. While the outlook for the global economy is uncertain, the U.S. economy entered 2022 on strong footing and is likely to weather the worst of recent geopolitical developments. Job growth and wage gains have been strong and consumers are looking to spend. Will these tailwinds be enough to secure another strong year of economic growth in 2022? Or, will geopolitical uncertainty and a steady pace of rate increases tip the economy into recession? KPMG senior economist Tim Mahedy will discuss recent economic developments and what they mean for the 2022 economic outlook.
BIOGRAPHY
As a senior economist for KPMG, Tim Mahedy works in the Office of the Chief Economist, leveraging over a decade of experience in both the public and private sectors to provide clients with a unique perspective on today’s rapidly evolving economic landscape. His work primarily focuses on monetary and fiscal policy, inflation dynamics, energy markets, and LATAM economies.
Tim has worked with policymakers at the highest levels of the Federal Reserve System. As an economist and Chief of Staff to President Mary C. Daly of the Federal Reserve Bank of San Francisco (FRBSF), he participated in high-level economic policy discussions, helped to drive executive engagement, spoke on behalf of the President and Bank on economic issues, and managed the Bank and System agendas for both President Daly and First Vice President Mark Gould. Prior to his time at the FRBSF, Tim worked at Bloomberg, Citibank, and the International Monetary Fund.
As a researcher, Tim enjoys creatively drilling down into the data to illuminate sector and cross country linkages. He has co-authored articles published by the FRBSF, IMF, and Bloomberg outlets, conducted economic forecasting at the IMF and the Federal Reserve, and has has gained a reputation for synthesizing complex economic developments for business and community leaders. His 2017 work on cyclical inflation was cited in the financial press and remains influential to policymakers and financial analysts. Prior to joining the FRBSF, he was an economist at Bloomberg LP where he appeared on television and radio to discuss economic conditions and the outlook.
Tim has a B.A. in international affairs and a B.S. in economics from The George Washington University and an MA in Economics from San Diego State University. He is fluent in both Spanish and Portuguese.