1201. Guest Contribution: “Trump’s Taylor Rule”
Menzie Chinn discusses Donald Trump's criticisms of the Federal Reserve and the implications for central bank independence and monetary policy.
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Menzie Chinn discusses Donald Trump's criticisms of the Federal Reserve and the implications for central bank independence and monetary policy.
The discussion focuses on the importance of clear and effective regulations in a market economy, particularly regarding plastics pollution and its implications for value creation.
Emily Kwong discusses the impact of climate change on cocoa production and its implications for chocolate prices and availability.
An argument that core inflation rates are increasing, highlighting differences in inflation experiences across income levels and comparing various inflation measures.
Kevin Corcoran analyzes Musa al-Gharbi's concept of "analytic egalitarianism" and critiques the asymmetrical treatment of social behaviors based on identity groups.
New tariff rates have been announced for various countries, with a delay in implementation and specific rates for goods from Canada starting August 1.
David Henderson discusses Joshua Rauh's testimony on the relationship between federal spending, tax revenue, economic growth, and deficits, emphasizing the need for spending restraint.
Glenn Kessler discusses his departure from The Washington Post and reflects on the importance of fact-checking in a climate of misinformation.
Menzie Chinn analyzes GDP growth and key economic indicators, emphasizing the importance of private domestic purchases and discussing trends in economic activity as of July 2023.
The discussion highlights the disparity between high US health care spending and poor health outcomes, suggesting reforms to reduce costs and improve care efficiency.
An argument that interpreting traditional TWFE coefficients is more complex than understanding 2x2 difference-in-differences due to underlying calculations and assumptions.
Jon Murphy discusses the complexities of eminent domain, highlighting its potential benefits and pitfalls in different contexts of public works projects.
Rachel Treisman discusses a recall of High Noon hard seltzers due to mislabeling as Celsius energy drinks in several states.
Paul Krugman discusses the media's failure to accurately report on Trump's economic policies and the broader implications of misinformation in politics.
Bill McBride discusses the unchanged year-over-year shelter measure in the PCE report and its implications for inflation and housing trends.
Bill McBride discusses the increase in personal income and spending in June, along with related inflation data from the U.S. Bureau of Economic Analysis.
Omkar Khandekar discusses India's response to President Trump's threats regarding tariffs on Russian trade partners and its implications for the economy.
Brittney Melton discusses the Federal Reserve's decision to maintain interest rates and Texas Republicans' proposal for a new redistricting map.
Arezou Rezvani discusses NPR's interest in hearing from adults over 50 who struggle with retirement savings and financial security.
An argument that the Federal Reserve faces a significant financial loss due to pandemic-related quantitative easing measures.