nicktimiraos.bsky.social
Chief economics correspondent at The Wall Street Journal
👤 Joined on 09 May 2023
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davidbarthy.bsky.social
"Fed policy is now a guessing game" might not work out the way he hopes.
Show PostDavid Wilcox and I were on a panel together where he talked about whether better forecasts would have been useful for covid policymaking and his conclusion was basically it didn't matter - not the kind of decisions where modeling error is material to the decision outcome.
Show PostI'm no Fed Chair but I suspect the inflation trend is not the critical source of uncertainty in these decisions.
Show PostThat was a choice to get involved in a culture war issue. It’s a bad look for a Fed chair.
Show Post