into his impact, his brilliance and his blindspots, I highly recommend this symposium of essays by a handful of his former clerks (myself included).
https://t.co/U3Gnpl5ns8
These obits barely skim the surface of what Posner a transformative voice on the bench and off. The year that I spent clerking for him will always remain one of the most rewarding intellectual experiences of my life. If you want to dive deeper... 1/2
https://t.co/eI7ayWqT4S
@NickTimiraos nails it. Tuesday's result is the best news for Fed independence since SCOTUS decided Cook. Trump now has little to gain from removing any governor, and Warsh has far less need to appease Trump.
https://t.co/lfB0pzBOHo
Outstanding reporting on the foreseeable and devastating impact of the USAID cuts on one community in Kenya.
Recklessness embodied.
https://t.co/z8YgVZbxVe
I'm looking forward to testifying tomorrow. The Federal Home Loan Banks are some of the most systemically significant and least understood financial institutions in the country. It's great to see them getting some attention.
https://t.co/2bsRy2wz48
"[T]he observed positive association between food insecurity and overall consumer pessimism, together with the increase in the incidence of food insecurity... point to a potential explanation for the unusually low recent levels of consumer sentiment..."
https://t.co/kIZlWSlyJS
As Kevin Warsh takes the helm at the Fed, BWC Member @ProfKateJudge and Mickey D. Levy make the case in @WSJ for why the 12 regional Federal Reserve Banks are essential to central bank independence, accountability, and credibility. Read the full piece: https://t.co/OwI7hJuXoB
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From @WSJopinion: A key to the Fed’s independence is its 12 regional banks. Kevin Warsh should appreciate the benefits of the central bank’s federalist structure, write @ProfKateJudge and Mickey D. Levy
https://t.co/YpBaZtSuIA
A core question as Warsh takes the helm is whether the Fed can remain independent of the president. One of the most important leading indicators may be how Warsh approaches the Reserve Banks. In today's WSJ, Mickey Levy and I explain why.
A key to the Fed’s independence is its 12 regional banks. Kevin Warsh should appreciate the benefits of the central bank’s federalist structure, write @ProfKateJudge and Mickey D. Levy
https://t.co/lP004Zr3kW
Yesterday, I had the great honour to deliver the 5th Charles Goodhart lecture @FMG_LSE. Charles has left his intellectual footprint on many of us, and my speech was intended to honour his legacy. 1/15
Powell today: "After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined. .. I had long planned to be retiring. And the things that have happened in really, the last 3 months have, I think, left me no choice but to stay.."
“That’s the appropriate legal understanding.”
NEC Director Kevin Hassett tells Bloomberg’s @SalehaMohsin he agrees with Fed Chair Jay Powell’s view that the law “calls for” him to stay on as the Fed’s acting leader if a successor isn’t confirmed by May 15.
This is bad news for banks and bad news for the economy.
Requiring proof of citizenship makes it harder for anyone--including US citizens--to access banking services. Creating barriers to financial inclusion is just bad policy.
https://t.co/tjZYgypNzh