What Noah Smith thinks about interest rates
Economics writer; author of the Noahpinion newsletter.
Noah Smith did not write this page.
We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.
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Only Noah Smith on interest rates. See everyone on interest rates
1 dated position, 2026, in their own words. Our reading of what Noah Smith has said — not written or endorsed by them.
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Our readingThe post-pandemic disinflation was likely driven by Fed commitment and forward-looking expectations.
Their wordsThe most likely explanation for this “immaculate disinflation” is that as soon as businesses realized that the Fed would do whatever it took to beat inflation, they stopped raising prices — and inflation simply ended.