I salute President Biden's nominations for the Federal Reserve Board, especially Sarah Bloom Raskin and Lisa Cook. (Philip Jefferson seems straightforward and uncontroversial, but other than reading a CV I haven't looked …

This is part of an ongoing series of essays on inflation.  This one is at Project Syndicate . The next post is somewhat longer and more academic with the same themes.  The Ghost of Christmas Inflation Inflation continues to surg…

A Project Syndicate Essay. Before it moves on to climate change, inequality, and racial issues, the Fed should have to think just a little bit about the evident failure of its existing financial regulation.  Why Isn't the Fe…

Fed Pick Raskin Tries to Mollify GOP Critics on Climate Stance is the Bloomberg.com headline.  I previously praised Raskin for the clarity of her statements. Unlike most others in this game, she straightforwardly advocated th…

Congress passed a much-ballyhooed "infrastructure" bill. "Roads and bridges." Well, not much of it went to roads and bridges in the first place, only $110 billion out of $1.2 Trillion went to roads, bridges &…