Share this page!

Josh Barro Profile picture
Twitter logo
16 Dec, 4 tweets, 1 min read
CNBC needs to take the ticker off, it's blocking the scales on Jay Powell's slides
I remain confused how the Fed intends to put off rate increases until inflation is set to exceed 2 percent for some period and yet the Fed's economic estimates don't show inflation getting over 2 percent at any time.
I guess the theory is that inflation will be over 2 percent at some point beyond the fed's window of annual projections (2024 or 2025?) but the "longer run" inflation expectation is still 2 percent
Powell will not touch the question of what he'll do if the next Treasury Secretary has a different view on the law around 13(3) funding under CARES.

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Josh Barro

Josh Barro Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @jbarro

Josh Barro Profile picture
11 Dec
What a lot of people are looking for here is the thing that finally makes Republicans stop claiming Trump won, or that finally provides an authoritative and *uncontested* account of the election. As Josh notes, that can't happen because some people won't hear of it.
What you can get, and will get, is Joe Biden's inauguration. That's what I'm looking for and that's why I feel at peace. If you're waiting for Donald Trump to admit he's a loser who sucks, or for his party to treat him like one, you're just going to make yourself mad.
The most valid worry people have here is that this is setting precedents that will undermine future elections. I worry about that some, but not as much as other people -- I think mostly our institutions have shown they work well. But that risk would be *exacerbated* if...
Read 4 tweets
Josh Barro Profile picture
10 Dec
People who really like cast iron pans and people who really like libraries have similar approaches to Twitter.
Personally I think the idea of a pan you can’t wash is kind of nonsense. I have an enameled cast iron pan I use for steaks sometimes but the best thing for searing is to put a griddle on top of your gas grill.
Some division in my replies between cast iron devotees telling me you obviously can wash cast iron and other cast iron devotees telling them you obviously can’t. Off message! You know what you can wash? Stainless steel. In the dishwasher, if you like.
Read 5 tweets
Josh Barro Profile picture
5 Dec
Bernie Sanders, so disloyal to Bernie Sanders
The craziest thing about this piece is how it attributes Sanders' loss in South Carolina to *Mike Bloomberg* attacking Bernie over intel saying Russia preferred Bernie to win. Not mentioned in here: James Clyburn, or black voters in general.
The assumption that voters #1 issue in this primary had to be foreign policy and the security state is just Glenn reflecting his own obsessions onto the electorate, in a world where all that exists is Glenn and some Russia obsessives on MSNBC.
Read 5 tweets
Josh Barro Profile picture
4 Dec
Europeans love to brag about electric kettles but most of the time when you’re boiling water in a kettle you’re doing something sort of culinarily sad.
For example, you’re drinking tea instead of coffee.
Btw I’m quite happy with this machine, which does heat water electronically, but then also does the added step of turning the water into coffee. Plus it has a single-cup setting and fits well in a small kitchen. oxo.com/8-cup-coffee-m…
Read 4 tweets
Josh Barro Profile picture
4 Dec
There is a lot of room for the MTA to fix its ridiculous cost structure and it should be expected to do so as a condition of the financial assistance it will need. nytimes.com/2020/12/03/nyr…
The agency is wildly overstaffed, with outdated practices including two-man subway train crews and continuing to have employees check tickets aboard commuter trains. And with this as an especially egregious example, it does not keep good tabs on its use of labor.
By the way, overtime fraud like this doesn’t just inflate the employee’s pay, it inflates a lifetime pension based on average earnings in the late years of career.
Read 4 tweets
Josh Barro Profile picture
3 Dec
Biden gaining a lot of ground on Long Island and upstate, holding steady in Staten Island and losing ground in the Bronx and Queens runs counter to some of the narratives about what was happing in NYS politics this year.
It does not look, for example, like far-left AOC-style politics alienated the suburbs or upstate from the Democratic Party (see big dem gains upstate in the state senate).
Giving up votes in the city and gaining them elsewhere is also a good trade for Democrats because it makes the distribution of their support in the state more efficient. A few more points for the GOP in the Bronx is not going to change any district outcomes.
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @jbarro has new unrolls!

Check out other threads from @jbarro!

Read all threads by @jbarro