Rich Higgins

Colgate University faculty, lover of macroeconomics, articles tweeted are not endorsements (just interesting). Not providing investment advice.

[Nick Timiraos @NickTimiraos]

A tonal shift on the Fed from Trump, who two weeks ago tweeted out a picture of Powell falling into a dumpster and who last month said he thought Warsh would reduce interest rates

[Rich Higgins @Higginomics]

Warsh is not walking into an easy job. Given the number of dissents today and supply shocks, that would be true even without the current chair staying on. I am curious about how this plays out.

https://t.co/OImmfxN6Hx

[Rich Higgins @Higginomics]

Interesting overview of research on central bank independence, including one of my papers.

https://t.co/J52LLGJlwM

[Nick Timiraos @NickTimiraos]

Pirro announces the Federal Reserve probe will end, clearing the way for Kevin Warsh's confirmation as Fed chair.

Powell had previously asked the IG to audit the construction project last July, and that work is ongoing.

[Rich Higgins @Higginomics]

The fact that the University of Michigan's Consumer Sentiment is at an all-time low right now tells you more about the current importance of the measure than the actual economy.

[Eastern Economic Journal @EEJ_easternecon]

"The Carbon Footprint of U.S. Monetary Policy" by Aliaksandr Amialchuk (@UToledo), Ayse Sapci (@USUAggies) & Onur Sapci (@UToledo).

https://t.co/sxRrx6PnwH

[Rich Higgins @Higginomics]

Looking at a map of the Strait of Hormuz and thinking about my 9th grade history class. Mr. Wood always talked about the importance of chokepoints. Seems relevant right now.

[Federal Reserve @federalreserve]

Here at the Fed, we are rationally exuberant to celebrate your 100th birthday with you. Happy birthday, Alan Greenspan!
https://t.co/8YEflaW46e

[Rich Higgins @Higginomics]

Should the incidence of taxes (https://t.co/vtLE3iZYPV) actually factor into who taxes get rebated to when they are deemed not legal? Or should they go to who actually legally pays the taxes? It's a fun thought experiment, where one policy would surely be manipulated.

[Nick Timiraos @NickTimiraos]

Fed governor Michael Barr's latest speech contains

1) A short part on the current policy outlook. The key guidance: "Based on current conditions and the data in hand, it will likely be appropriate to hold rates steady for some time."

2) A much longer discussion of AI, with this summary statement at the end on the implications for the central bank: "For all of these reasons, I expect that the AI boom is unlikely to be a reason for lowering policy rates."

[The Economist @TheEconomist]

“The South is now demonstrating that it’s never really been about the kids,” says one former official. “It’s always been about our ability to serve them” https://t.co/NcOTxfGo09

[Rich Higgins @Higginomics]

I would have preferred Waller but Warsh is a more than qualified candidate. I wonder how much Warsh will be able to sway the FOMC, especially if Powell stays as a non-chair governor.

[RenMac: Renaissance Macro Research @RenMacLLC]

Ummmm. No

[Nick Timiraos @NickTimiraos]

Trump is asked about Tillis's view that a criminal investigation of Powell is excessive:

"That’s why Thom’s not going to be a senator any longer, I guess. But I like Thom Tillis. He's a nice guy. But look, he's not going to be a senator any longer because of views like that. We have a bad Fed chairman."

[Nick Timiraos @NickTimiraos]

The heads of the central banks in Australia, Brazil, Canada, Denmark, the Eurozone, South Korea, Sweden, Switzerland, the United Kingdom have issued a highly unusual statement of support for the Fed and Powell

[Nick Timiraos @NickTimiraos]

House Financial Services Committee Chairman French Hill (R., Ark.) says a possible criminal investigation of Powell is “an unnecessary distraction.”

Powell is “a man of integrity” and a “person of the highest integrity.”

[Rich Higgins @Higginomics]

It is wild that we have gotten to this point.

[Federal Reserve @federalreserve]

Video message from Federal Reserve Chair Jerome H. Powell: https://t.co/5dfrkByGyX

[Colgate Women’s Soccer @ColgateWSOC]

𝐀𝐥𝐥-𝐑𝐞𝐠𝐢𝐨𝐧 🥳

Ari Bezanson picks up All-North Region honors!

#GoGate

[Rich Higgins @Higginomics]

Is the Jimmy John's picklewich a real thing? First, that sounds awful. Second, the bread is the best part of their subs.

[Southern Economic Journal @SouthernEconJ]

.@Higginomics of @ColgateECON and Irfan A. Qureshi of @ADB_HQ examine the macroeconomic impact of changing central bank leadership.
#MonetaryPolicy #Inflation
https://t.co/YyjfArdnn6