Staff Picks: Nomination Hearings

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Romer and Romer cite nomination hearings for potential Federal Reserve Chairs as a useful indicator of their monetary policy beliefs and, thus, behavior. Read more

Category: Staff Picks

History Rhymes: Martin’s Punch Bowl Metaphor

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The economic punch bowl: Fed Chair William McChesney Martin was the first Fed official to offer the concept of the Federal Reserve taking away the punch bowl just as the party gets going, which is shorthand for recognizing what a tough job it is to help guide the economy. Read more

Category: History Rhymes
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