David Wessel @davidmwessel
Director, Hutchins Center on Fiscal & Monetary Policy, Brookings. My latest book "Only the Rich Can Play," the story of Opportunity Zones. brookings.edu/hutchinscenter Washington, D.C. Joined April 2009-
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Also, if the US economy were really growing at a 3.8% annual pace, why would the Fed be pressured to cut interest rates?
Also, if the US economy were really growing at a 3.8% annual pace, why would the Fed be pressured to cut interest rates?
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David Wessel retweeted
The economy has grown at almost exactly a 1.6% rate in the first half of 2025. Moore is looking at a single quarter.
The economy has grown at almost exactly a 1.6% rate in the first half of 2025. Moore is looking at a single quarter.
David Wessel retweeted
President Trump posts a drawing of himself firing Fed Chair Jay Powell
David Wessel retweeted
OBAMA: It's fair to say that 80% of the world's problems involve old men hanging on who are afraid of death and insignificance, and they won't let go. They build pyramids, and they put their names on everything. They get very anxious about it.
David Wessel retweeted
On Argentina. I have been asked my views. I am no expert on Argentina, but here they are. (A very nice exercise in open economy macro…) Exchange rate-based stabilization typically leads to an overvalued exchange rate for some time (even if the underlying cause of inflation, the…
David Wessel retweeted
David Wessel retweeted
This is going to be an interesting meeting to see how Powell threads the needle—via the consensus-oriented policy statement—at a time when disagreements over the rate outlook are more stark. Would-be Fed dissenters face their own dilemma: A dissent makes a big statement…
What's wrong with the way the US government subsidizes the municipal transit systems' procurement of buses? Why do the buses cost so much? And what can be done about it? New from Ed Glaeser, Samantha Silverberg via @BrookingsInst Hutchins Center and @AEI brookings.edu/articles/payin…
David Wessel retweeted
BREAKING: DC Circuit won't allow Trump to fire Lisa Cook from Fed board.
David Wessel retweeted
1/ The documents are clear: Lee Zeldin and his wife have two principal-residence mortgages, for properties in Long Island and Washington, D.C. We’ve got the records 👇 Long Island: legacy.www.documentcloud.org/documents/2608… D.C.: legacy.www.documentcloud.org/documents/2608…
1/ The documents are clear: Lee Zeldin and his wife have two principal-residence mortgages, for properties in Long Island and Washington, D.C. We’ve got the records 👇 Long Island: legacy.www.documentcloud.org/documents/2608… D.C.: legacy.www.documentcloud.org/documents/2608…
Elaine Buckberg: To address "range anxiety," states should enact laws that require fast chargers to report real-time status that any EV mapping app can access via @BrookingsInst Hutchins Center. brookings.edu/articles/charg…
The Earned Income Tax Credit (EITC) at 50: Past, present, and future. summary of a Hutchins Center @BrookingsInst conference with academic and government experts. brookings.edu/articles/the-e…
David Wessel retweeted
I have to say I have been struck that the prominent members of the financial community have had more to say being critical of @ZohranKMamdani's bad ideas about grocery stores in New York than they have the wholesale takeover of the @federalreserve, which is a major threat to the…
Tracking Trump's actions on tariffs, the environment, immigration, and more | Brookings brookings.edu/articles/track…
It's hard to keep up with Trump so we've compiled a list of the websites tracking Trump’s actions on tariffs, the environment, immigration, and more brookings.edu/articles/track… Hutchins Center @BrookingsInst
David Wessel retweeted
New data from CMS show that many individual market enrollees (35%) had no claims in 2024. That’s led some (eg @WSJ and @BrianBlase) to argue the individual market is awash in “phantom” enrollees, costing the federal government tens of billions. This argument is deeply flawed. 🧵
Congrats to the Newsom media team!!
Congrats to the Newsom media team!!
David Wessel retweeted
Still explaining: How do tariffs work, and who pays?
David Wessel retweeted
Story of America really. . . . And a reminder that tariffs are a tax on American producers
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