Behind the Markets Podcast · Friday, September 11, 2026
Chairman Walsh previously mentioned credit expansion as a key metric he monitors in his Jackson Hole speech. The speaker notes that this metric, along with a diffusion index measuring the number of items above a certain threshold, can provide insights into economic trends. However, the speaker has not yet computed the diffusion index for the current data.
“Remember credit expansion was mentioned by, uh, Chairman Walsh in his Jackson Hole speech, has something he looks at.”
“Um, uh, there's also, uh, diffusion index, uh, where he looks at the number of items that are above, so that sort of is like a trim mean in some sense about taking out outliers.”
“I have not computed that yet.”