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Deeply honored to serve Secretary Vilsack, the Biden-Harris Admin, and the American people. New USDA Appointee for Fair Markets Signals Focus on Antitrust bloomberg.com/news/articles/…

Down over 60%. That’s how far federal research funding has fallen compared to this time last year. Every delay in funding is a delay in delivering for the health of American people.

Efforts to distinguish the Fed from other independent agencies based on the distinctiveness of monetary policy fundamentally ignore the reality of today's Fed, which does a lot more than monetary policy. Overruling Humphrey's Executor clearly threatens Fed independence.

Initial reaction from U.S. economists is tariffs announced today would take core inflation back into the 4-5% range this year, from current levels below 3% bloomberg.com/news/live-blog…

This week I developed a fresh appreciation for how the Fed got to where it did in the 1970s.

Ron Smith Canada's been warning y'all...

A sharp rise in Treasury yields over the past few days has alarmed many analysts and investors much more than the recent drop in stocks on.wsj.com/4lpJ8k3

“Neither Harvard nor any other private university can allow itself to be taken over by the federal government.” Dr Garber shows what it means to lead. nytimes.com/2025/04/14/us/…

h/t: Stella M. Chávez Find all the docs here. courtlistener.com/docket/6982939…

The regulatory cost-benefit of this CTR reporting change is insanely negative. It violates many of the principles this Administration and Republicans hold: 1) Cost-benefit tests 2) Regulation without due process/public comment 3) Purpose of regulation aligned to product.

The Supreme Court needs to protect the Fed from the whims of Trump, Kate Judge and @Menand say bloomberg.com/opinion/articl… via Bloomberg Opinion

Outstanding opinion from a rightly respected jurist. Worth the read, even if you are not a lawyer. Conservative judge blasts Trump administration’s ‘shocking’ conduct in Abrego Garcia case politi.co/3EoeHKC via POLITICO

This was goodbye Pope Francis rode through St. Peter's Square on the Popemobile yesterday despite being gravely ill

Pope Francis made it possible for me to return to the Catholic Church after more than decade away. I will forever be grateful.

🎙️Delighted to have Kate Judge joins me to unpack the Fed’s emergency lending powers. From Section 13(3) to safeguarding central bank independence—essential listening for anyone tracking the Fed’s evolving role.

Fed independence has been making headlines. Just what that means, however, is often misunderstood. Learn about this and more in this great conversation with David Beckworth -- motivated by a paper I had the joy to write with Columbia colleague and former Fed VC Richard Clarida.

When a credit union buys a bank it is not subject to taxes, CRA, overdraft data reporting, and sometimes executive compensation disclosure. Congress needs to investigate what’s driving this spree of CU’s buying banks!

Anyone interested in this topic should read American Flannel by Steven Kurutz. Inside look at the many challenges and eventual triumph in Bayard Winthrop's quest to produce a wholly American plaid flannel shirt. wsj.com/business/made-…

One of the Fed’s fiercest critics is becoming a key defender of its political autonomy. My latest column: politico.com/news/2025/05/0…

In 1970, the "last populist" Wright Patman pushed the adoption of the Bank Secrecy Act to prevent wealthy Americans from using secret Swiss bank accounts to evade taxes. Five decades into this costly experiment, things don't look that different. wsj.com/finance/regula…