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Ezra Klein: Part of what's happening when you spend seven hours reading a book is you spend seven hours with your mind on a given topic. But the idea that ChatGPT can summarize it for you is nonsense. The point is that books don't just give you information. They give you a

The core PCE price index rose 0.12% in April, a second straight mild monthly reading 12-month core inflation ticked down to 2.5%, the lowest since Feb 2021 Headline prices rose 0.10%, dropping the 12-month reading to 2.1%, near the post-reopening low recorded last September

Notes, thanks to readers and those who know. Restarting Fish of the Week, now on Sundays. #flatheadcatfish #Chicagofishing #scarlettanagers #Chicagooutdoors #tanagers Chicago outdoors: Scarlet Tanagers & big flathead for Sunday Fish of the Week chicago.suntimes.com/outdoors/2025/…

RIP Stan. Stan was my mentor and my friend. He was an outstanding economist, an outstanding policy maker, but even more importantly, a great human being. Science, commitment, honesty, and humility at the service of humankind. piie.com/publications/p…

One of the giants of our profession as both scholar and policy maker, but also a great teacher and a kind human being. I always enjoyed talking with him and felt that he was interested in what I had to say, despite his lofty position in the profession. nytimes.com/2025/06/01/bus…

Stan was a great teacher and a great person. He inherited the mantle from Solow of the person PhD students most wanted to be like when they grew up. We will sorely miss his sensibility in difficult times. nytimes.com/2025/06/01/bus…

R.I.P. Stanley Fischer - a role model in academia and policy making.

Stan Fischer has died. The legendary and influential economist, former vice-chair of the Fed, #2 at the IMF and governor of the Bank of Israel, was also personable and funny. A few passages from my obit: wsj.com/economy/centra…

President Austan Goolsbee will participate in a fireside chat at the QuadCitiesBusiness Mid-Year Economic Review today at 11:45 a.m. CT in Davenport, Iowa. Watch the livestream: bit.ly/43GpKr7

The most important idea in all of economics is not competition, but cooperation.

Summary of the great Hoover Monetary Policy Conference and Taylor Celebration grumpy-economist.com/p/hoover-monet…

I was not alive then.

Remembering The Champ Muhammad Ali of compassion of giving of dedication of confidence of conviction of respect of spirituality alicenter.org/the-champ-of-c… "I wanted to be a champion who was accessible to everyone. I hoped to inspire others to take control of their lives and to live

Booknotes+ Podcast: Kenneth Rogoff, "Our Dollar, Your Problem" youtu.be/SE2Vd4UO17U?fe… via YouTube

Did anyone ever figure out what the hieroglyphics in the front matter said?

No matter what dystopias or tribulations the future holds for us, I will never stop appreciating the collective, sublime powers of #econtwitter

If we align the 2nd peaks better, we'd have been diverging for a while. It all comes down to the story one wants to tell. If you don't have a structural model of what's going on, nonparametric narratives like this have infinite degrees to freedom to say whatever you want. :)

The 12 Reserve Banks represent different geographic regions, or districts, and provide a wealth of information on conditions across the nation. Watch our video about the Beige Book, a collection of reports from Federal Reserve districts that provide a snapshot of the American

After 35 years at CNBC, I’ve stepped away from my role as Senior Markets Correspondent on the floor of the NYSE, and started a new chapter focused on speaking, consulting and sharing the lessons I’ve learned from a lifetime covering markets and media. bit.ly/4kUAc5p

Earlier this week, Austan Goolsbee, President of the Federal Reserve Bank of Chicago, visited Locks & Dam 15 in Rock Island, IL. to gain a first-hand understanding of navigation on the Mississippi River and see how locks and dams support commerce along the inland waterway system.