rana the rana

[rana the rana @ranini99]

@Fritschner Jeffries is not as good as the GOAT--Pelosi. But in his favor is that AOC and her wing are team players, unlike the Freedom Caucus

[rana the rana @ranini99]

@DianeSwonk I would add that workers sawreal wages strong in the 2017-19 period, when the unemployment rate was lower

[rana the rana @ranini99]

@mtkonczal For me the big story is wages. No sign of wage pressures, and evidence that full employment needs an unemployment rate lower than 4%. Creates classic dilemma for Fed: inflation points to higher rates, employment to lower ones

[rana the rana @ranini99]

@ChrisJKennedy @RobertWhite_DC Actually, with all the emotional support pets I now assume my new renter will have a pet and jacked up the rent accordingly. No discounts for being pet free.

[rana the rana @ranini99]

@EconBerger The unemployment rate has fallen just 0.1 ppt over past year and is 1/2 ppt above prepandemic level. Meanwhile AHE have slowed 1/2 ppt and labor share is really low. Sounds like below full employment and not improving materially.

[rana the rana @ranini99]

@ernietedeschi Recall that market-based normally runs below core by a couple of tenths, so its target would be 1.8%

[Kevin Clarke🍺 @ClarkeAtAmerica]

Cardinal McElroy: “The people of the United States have witnessed the suffering of the undocumented in our midst, purposely and strategically magnified by our government, and for the most part, we have simply passed on by.”

https://t.co/iOfR7lzPJk

[Richard Loyen @Richard_Loyen]

La Roumanie intègre "nativement" le stockage au déploiement de nouvelles centrales solaires. Le pays bénéficie ainsi du solaire pilotable, qui renforce sa sécurité énergétique et réduit les coûts de son système électrique.
🇷🇴 championne d'🇪🇺 pour l'☀️⚡️+🔋, 👍

[rana the rana @ranini99]

@Claudia_Sahm And Hassett knows that 3 month core is garbage at predicting where inflation is going. Yet he uses it.

[rana the rana @ranini99]

@fcastofthemonth The 3 month is pretty much garbage as a predictor. U use 3 month only for nefarious reasons. Looking at Kevin.

[rana the rana @ranini99]

@DianeSwonk @ernietedeschi I think that inflation experiences are not that different by income for purchases. But they are by ownership. Rnts go up, mortgage payments flat for example. And high wealth households have seen tremendous gains in "affaordability"

[rana the rana @ranini99]

@EconBerger Since he is unwilling to tie interest rates with labor market performance, it seems hard to understand why we should care about financial conditions. How do financial conditions affect inflation

[rana the rana @ranini99]

@byHeatherLong I would ask the Chair, why will you wait until 2039 to hit 2% inflation. Shouldn't you work to get inflation down in a more timely basis

[rana the rana @ranini99]

@BulwarkOnline IRL the Republicans have not cut the deficit since Eisenhower. Nixon deficits were higher than John etc. Etc

[Adam Klasfeld @KlasfeldReports]

Reminder

Congress appropriated $250M+ in taxpayer money last year for Trump's wish-list renovations for the Kennedy Center, inserting no language about holding the whole thing hostage if it's not a shrine to Trump.

Enough to fix a ceiling leak, surely. https://t.co/ALDdS3CA2s

[rana the rana @ranini99]

@nicolasfulghum Well the Europeans are well ahead of the American companies, so maybe they can recover while the US fails first.

[rana the rana @ranini99]

@DavidCornDC And at least some of the illegal votes were for Republicans, so the net change in the margin is zero?

[Mike Konczal @mtkonczal]

I know we all love to obsess about imputed financial services and the weighting of software

But over the past 3 months the labor market gained an average of 71k jobs with an unemployment rate at 4.1%; meanwhile core PCE has been 3%.

Why haven't we raised rates yet? 7/7

[rana the rana @ranini99]

@EconBerger Using the ECI as a guide, these estimates are too high in history

[Headquarters @HQNewsNow]

Trump has spent nearly a quarter of his presidency golfing so far, costing taxpayers over $184,000,000 btw