Claudia Sahm is one of the Federal Reserve’s most notable alumni: She is the founder of a recession indicator named after her, which has accurately predicted the majority of economic contractions in recent memory.
Sahm has concerns about the ultimate direction of the Fed: Warsh’s testimony in front of the Senate Banking Committee left her with more questions than answers, she tells Fortune, and his responses (albeit often without time for explanation) raised the hackles of an economist who worked for the Fed for more than a decade.