
The Fed Waves Its Wand
May 9, 2022 thinks Chair Jerome Powell will get credit for a decline in inflation that would have happened anyway.
James K. Galbraith, Professor of Government and Chair in Government/Business Relations at the University of Texas at Austin, is a former staff economist for the House Banking Committee and a former executive director of the Joint Economic Committee of Congress. From 1993-97, he served as chief technical adviser for macroeconomic reform to China’s State Planning Commission. He is the author of Inequality: What Everyone Needs to Know (Oxford University Press, 2016) and Welcome to the Poisoned Chalice: The Destruction of Greece and the Future of Europe (Yale University Press, 2016).
May 9, 2022 thinks Chair Jerome Powell will get credit for a decline in inflation that would have happened anyway.
Jan 31, 2022 shows that the central bank's effort to reduce headline inflation will hurt low-wage service employees the most.
Jan 21, 2022 urges the US to revive a policy framework that worked extraordinarily well for most of its 40 years.
Jan 14, 2022 thinks a new attempt to refurbish the discipline suffers from a fatal blind spot.
Jan 7, 2022 doubts that the Republican Party's voter-suppression efforts can carry them for much longer.