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Sam🔔 Profile picture
@sam_a_bell
Aug 22, 2019 • 3 tweets • 2 min read • Read on X
flashback to what conservatives were saying about monetary policy at Jackson Hole 4 years ago breitbart.com/politics/2015/…
"MONETARY DISCIPLINE RETURNS TO THE POLICY HORIZON AT JACKSON HOLE SUMMIT" atlasnetwork.org/news/article/m…

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More from @sam_a_bell

Sam🔔 Profile picture
May 24, 2021
when it comes to the pursuit of full employment, I would much rather have Jerome Powell as Fed Chair than Raphael Bostic axios.com/atlanta-fed-ra…
in an implicit rebuke of Powell's push for full employment, Bostic gave a big speech criticizing the pursuit of high pressure economy and using the CBO's definition to argue again periods of low unemployment atlantafed.org/blogs/macroblo…
in November 2019, Bostic said he would have voted against the rate cut because "my directors were pretty much in the hold stage [with interest rates], so that’s probably where I would have come down for that meeting." wsj.com/articles/fed-s…
Read 7 tweets
Sam🔔 Profile picture
Aug 20, 2020
I hope Ted Kaufman (@usstk) retracts these comments. It’s both not true and there’s no way a Biden Administration could get to full employment with this type of mindset. wsj.com/articles/biden… ImageImage
op-ed from earlier this year delawareonline.com/story/opinion/… Image
2011 whyy.org/articles/how-d… Image
Read 5 tweets
Sam🔔 Profile picture
Jul 21, 2020
if Dan Tarullo had served out his term there would be no Judy Shelton opening... serve your full terms, folks
Props to Lael Brainard for staying ... that should count for something in future debates about who should fill what roles
my main man Marriner served > 16 years: "Marriner S. Eccles was appointed chairman of the Federal Reserve Board on November 15, 1934. He resigned as chairman on January 31, 1948, and remained a Board member until July 14, 1951." federalreservehistory.org/people/marrine…
Read 4 tweets
Sam🔔 Profile picture
Apr 4, 2020
Marriner Eccles memoir (thx to @KalebNygaard) 1/x
on his conversion into an activist for government intervention 2/x
"The honeymoon ended and the wrangling began soon after this cycle was checked and the New Deal at last turned its attention toward the problems of debtor relief."
Read 12 tweets
Sam🔔 Profile picture
Jan 16, 2020
Judy Shelton is ineligible to join the Board of Governors. Governors must come from separate federal reserve districts. Lael Brainard already represents the Richmond district.
Some of you will remember that this is how Peter Diamond was blocked.
"In selecting the members of the Board, not more than one of whom shall be selected from any one Federal Reserve district" federalreserve.gov/aboutthefed/se…
Read 11 tweets
Sam🔔 Profile picture
Jan 15, 2020
Jay Powell says labor market is not tight

Beige book disagrees: "Employment was steady to rising modestly in most Districts, while labor markets remained tight throughout the nation."
"Wage growth was characterized as modest or moderate in most Districts—similar to the prior reporting period—and there were scattered reports of wage increases from year-end hikes in minimum wages." @ernietedeschi
@ernietedeschi Boston region

"Respondents in these three sectors also reported continued tight labor markets, but none mentioned increasing wages (other than scheduled minimum wage rises in some states)."
Read 18 tweets

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