justinwolfers.bsky.social
Econ professor at Michigan ● Senior fellow, Brookings and PIIE ● Intro econ textbook author ● Think Like An Economist podcast ● An economist willing to admit that the glass really is half full.
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Prolific Poster
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Note this was in response to Nick Timiraos asking why the Fed was keeping rates above neutral rates. Powell's response implicitly accepted this premise.
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Here's the CBO's analysis: www.cbo.gov/publication/...
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If you're counting along at home, we are now up to about our 13th rationale for the Trump tariffs.
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Totally interpretable for a layman because it's written for an introductory course.
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Here's a direct link to a living version of the chart, if anyone wants to embed it, graph image files, download the data, etc.
www.datawrapper.de/_/lZhZl/?v=4
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Meanwhile...