Great reporting on an important topic by the WSJ:
'A Brief History of the Fed’s Uneasy Peace With the White House'

wsj.com/economy/centra…

“The White House has repeatedly cited the Fed’s independence as the reason that Mr. Biden will not push the Fed to cut interest rates. But some Democrats are now urging the president to jettison that approach.”

nytimes.com/2024/04/24/us/…

International Research Forum on Monetary Policy at the Fed Board today and tomorrow (Tue & Wed)

Program with Youtube link below:

federalreserve.gov/conferences/in…

Congratulations to our Univ. of Maryland econ job market candidates for great job placements!

Placement list for this and previous years available here:
econ.umd.edu/graduate/job-p…

An andere Deutsche in den USA (oder sonst wo im Ausland): wenn ihr an der Europawahl 2024 teilnehmen wollt, dann beantragt eure Wahlunterlagen bald, wie hier beschrieben: bundeswahlleiterin.de/europawahlen/2…

The program meeting of the Monetary Economics program at the NBER will be livestreamed on Youtube tomorrow. Tune in for a great conference

nber.org/conferences/mo…

Great resource:

Fun to be a Richmond Fed CORE Week visitor - thanks for having me!

Inflation is waning. But voters worry about getting by — from ⁦Fatima Hussein⁩ and ⁦Josh Boak⁩ apnews.com/article/econom…

Highly recommended:

A president of the United States pressuring the Federal Reserve to lower interest rates can lead to a measurable increase in the nation’s inflation rate, finds a new study by Univ. of Maryland economist Thomas Drechsel.

Find more of his analysis at go.umd.edu/inflationpress….

In new research, Thomas Drechsel (@bsosumd Univ. of Maryland) finds that political pressure strongly and persistently raises #inflation and inflation expectations but has little impact on economic activity.

promarket.org/2024/01/25/the… via VoxEU

Examining personal interactions between #US presidents & Fed officials 1933-2016, Thomas Drechsel BSOS @ UMD finds that political pressure consistently raises #inflation & inflation expectations, while showing little impact on #economic activity.
ow.ly/YRoT50Qt0I1

Interested in studying macroeconomic models with financial frictions?

Check out the material for my PhD course, available online here:
econweb.umd.edu/~drechsel/teac…

Happy spring semester start from Univ. of Maryland 😊

Should the US seize frozen foreign assets of Russia and send them as financial support to Ukraine?

The question is back on the table, but the answer is complicated, not only from a legal standpoint.

Great reporting by Fatima Hussein

Tune in this Friday:

Thank you for the shout-out. Looking forward to this!