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
Every August, the regional Kansas City Federal Reserve holds a symposium for the world’s central bankers to consider their role in economic policy and important developments in the world economy. The head of the US Federal Reserve usually presents a summary of how he (or she) sees the state of US economy and what actionContinue reading "Jackson Hole 2025: monetary policy, demography and productivity"| Michael Roberts Blog
10/25/2024 I was recently asked to respond to an internet comment claiming the economy is in poor shape. So, let’s find out. “There is no growth” When we measure the real quantity of goods and services produced in the United... Continue Reading →| Econ Chris Clarke
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
