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← A central bank can stop giving forward guidance without abandoning accountability for explaining its decisions.
17 connected korrents · 13 moments from 19 Aug 2004 to 15 Oct 2026.
Everything filed under interest rates
interest rates
Everything filed under public debt
public debt
Everything filed under inflation
inflation
Everything filed under surgical outcomes
surgical outcomes
Everything filed under quantitative easing
quantitative easing Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: A central bank can stop giving forward guidance without abandoning accountability for explaining its decisions. A central bank can stop giving forward guidance without abandoning accountability for explaining its decisions. Last stated 2 months ago
20 Aug 2026
CS
Claudia Sahm — holds since 2026-08-20 — tap for who they are
Same subject: A bank should be managed against the fat tails it can imagine, not against the stress test its regulator hands it. — tap to centre the map on it A bank should be managed against the fat tails it can imagine, not against the stress test its regulator hands it. Last stated a year ago
16 Jul 2025
JD
Jamie Dimon — holds since 2025-07-16 — tap for who they are
Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A central bank press conference exists for the chair to explain and answer for the committee's decision. — tap to centre the map on it A central bank press conference exists for the chair to explain and answer for the committee's decision. Last stated a month ago
21 Sept 2026
CS
Claudia Sahm — holds since 2026-09-21 — tap for who they are
Same subject: A central bank's chair should act as the messenger for the committee's consensus, not for personal views. — tap to centre the map on it A central bank's chair should act as the messenger for the committee's consensus, not for personal views. Last stated 2 months ago
20 Aug 2026
CS
Claudia Sahm — holds since 2026-08-20 — tap for who they are
Same subject: A Fed easing move being immediately followed by a sharp jump in long-term rates suggests the Federal Reserve has lost control over the narrative governing bond-market expectations. — tap to centre the map on it A Fed easing move being immediately followed by a sharp jump in long-term rates suggests the Federal Reserve has lost control over the narrative governing bond-market expectations. Last stated a week ago
15 Oct 2026
BD
Brad DeLong — holds since 2026-10-15 — tap for who they are
Same subject: A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output. — tap to centre the map on it A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending. — tap to centre the map on it A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending. Last stated 2 months ago
21 Aug 2026
RD
Ray Dalio — holds since 2026-08-21 — tap for who they are
Same subject: A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases. — tap to centre the map on it A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost. — tap to centre the map on it A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost. Last stated 7 months ago
1 Apr 2026
TP
Thuan Pham — holds since 2026-04-01 — tap for who they are
Same subject: Adjusted for inflation, far more American families are now high-income and far fewer are low-income than in 1967. — tap to centre the map on it Adjusted for inflation, far more American families are now high-income and far fewer are low-income than in 1967. Last stated a month ago
16 Sept 2026
JH
Jeremy Horpedahl — holds since 2026-09-16 — tap for who they are
Same subject: AI's effect on inflation is disinflationary over five to ten years but inflationary over the coming year because of chip shortages. — tap to centre the map on it AI's effect on inflation is disinflationary over five to ten years but inflationary over the coming year because of chip shortages. Last stated 2 months ago
7 Sept 2026
CS
Claudia Sahm — holds since 2026-09-07 — tap for who they are
Same subject: Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals. — tap to centre the map on it Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals. Last stated 2 years ago
24 Sept 2024
LA
Lyn Alden — holds since 2024-09-24 — tap for who they are
Same subject: Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them. — tap to centre the map on it Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them. Last stated 16 years ago
6 Sept 2010
SS
Scott Sumner — holds since 2010-09-05 — tap for who they are
SS
Scott Sumner — no longer holds since 2010-09-06 — tap for who they are
Same subject: Canceling government bonds held by a central bank creates no fiscal space, because the reduction in government interest payments is exactly offset by an equal reduction in the profits the central bank remits to the government. — tap to centre the map on it Canceling government bonds held by a central bank creates no fiscal space, because the reduction in government interest payments is exactly offset by an equal reduction in the profits the central bank remits to the government. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A single risk-adjusted summary of a surgeon's results risks giving spurious credibility to analyses that ignore non-patient influences. — tap to centre the map on it A single risk-adjusted summary of a surgeon's results risks giving spurious credibility to analyses that ignore non-patient influences. Last stated 22 years ago
19 Aug 2004
DS
David Spiegelhalter — holds since 2004-08-19 — tap for who they are
Same subject: A surgeon's performance cannot be separated from that of the institution because quality depends heavily on institutional systems. — tap to centre the map on it A surgeon's performance cannot be separated from that of the institution because quality depends heavily on institutional systems. Last stated 22 years ago
19 Aug 2004
DS
David Spiegelhalter — holds since 2004-08-19 — tap for who they are
Same subject: Casemix makes it unwise to publish surgeons' unadjusted mortality figures for comparison. — tap to centre the map on it Casemix makes it unwise to publish surgeons' unadjusted mortality figures for comparison. Last stated 22 years ago
19 Aug 2004
DS
David Spiegelhalter — holds since 2004-08-19 — tap for who they are