US President Donald Trump announced that he had fired Lisa Cook, a member of the Federal Reserve Board of Governors. Trump says that she committed mortgage fraud by taking out two mortgages, claiming both properties as her primary residence, back when she was a professor at Michigan State, before joining the Fed. Naturally, Cook dismissedContinue reading "Should central banks be ‘independent’?"| Michael Roberts Blog
I have a new note, co-authored with fellow Fed alum Steve Kamin, that asks “How Will the Interaction of Wages and Prices Play Out in the Last Mile of Disinflation?” We estimate a model of wage-pric…| John Roberts Macroeconomics