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Great Hearing at the House Budget Committee
Yesterday to travelled to Washington, DC and testified at the Cannon House Office Building before the House Committee on the Budget. The Chairman was Jodey Arrington, the Ranking Member was Brendan Boyle, and many other members of the Committee on … Continue reading
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The Best Ten Online Stanford Courses — All on edX
Here are the ten courses that have been chosen by https://mashable.com/uk/deals/best-free-online-courses-stanford-university as the best Stanford University courses to take online. And Economics 1 at Stanford https://www.edx.org/course/principles-of-economics is on the list. They are all on edX. As they say: “All products … Continue reading
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Great Bloomberg Interview: Now How to Get Back
In a Bloomberg TV interview today, Romaine Bostick @romainebostick and Scarlet Fu @scarletfu asked me great questions about the just-released inflation rate and the implications for Fed policy. During the interview, which goes for about 7 minutes from 3:50 to … Continue reading
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A Very Big 15-Year Anniversary
We just reached a big anniversary: “Economic Policy Working Group Reaches 15-Year Milestone in Providing Rigorous Policy Analysis and Solutions for American Prosperity,” as the Hoover Daily Report headlined in a just-published article. Here is the article https://www.hoover.org/news/economic-policy-working-group-reaches-15-year-milestone. It provides … Continue reading
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Four Talks and More Thoughts on Fed and Policy
This week, on January 4, 2023, John Cochrane, Mickey Levy, Kevin Warsh & I spoke by Zoom at a policy roundtable on the increase in inflation and possible causes at the Hoover Economic Policy Working Group. It was an important … Continue reading
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John Taylor’s Formula for the Fed
Informative NPR interview and discussion with me https://www.npr.org/2022/11/02/1133720724/john-taylors-formula-for-the-fed conducted by Darian Woods and Mary Childs on the Fed’s decision to raise rates and the Taylor Rule. Good questions and good answers with excerpts from Jay Powell and Janet Yellen. Here … Continue reading
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Essays in Honor of Marvin Goodfriend: Economist and Central Banker
A beautiful book, edited by Robert King and Alexander Wolman, https://www.richmondfed.org/-/media/RichmondFedOrg/publications/research/goodfriend/essays_marvin_goodfriend.pdf with original essays in tribute by Alfred Broaddus Jr., Donald Kohn, William Poole, Kartik Athreya and Stephen Williamson, Ben Bernanke, Michael Bordo and Edward Prescott, Douglas Diamond, Michael Dotsey, … Continue reading
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Play By The Rules
Federal Reserve Chair Jerome Powell’s testimony at the House and Senate this week again had much to say about monetary policy rules. The focus on policy rules is encouraging, as it is a way to both get back on track … Continue reading
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Rules are Back In The Monetary Policy Report
Last March, I quoted Federal Reserve Chair Jerome Powell on this Economics One blog post https://economicsone.com/2022/03/03/well-have-it-in-the-next-one-well-bring-them-back-for-the-july-said-chair-powell-at-the-house-yesterday-and-at-the-senate-today/ from his March 2 and March 3 testimony at the House and Senate that “WE’LL HAVE IT IN THE NEXT ONE.” He was responding … Continue reading
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Monetary Policy Got Behind the Curve, How to Get Back
On Friday May 6, we held our annual Monetary Policy Conference at the Hoover Institution at Stanford. This year it was entitled: “How Monetary Policy Got Behind the Curve and How to Get Back,” and the title turned out to … Continue reading
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