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← Kevin Warsh does not believe the neutral rate is a useful concept for making current monetary policy decisions.
17 connected korrents · 13 moments from 5 Sept 2010 to 21 Sept 2026.
Everything filed under interest rates
interest rates
Everything filed under economists
economists
Everything filed under public debt
public debt
Everything filed under management
management
Everything filed under inflation
inflation
Everything filed under tariffs
tariffs
Everything filed under government
government
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: Kevin Warsh does not believe the neutral rate is a useful concept for making current monetary policy decisions. Kevin Warsh does not believe the neutral rate is a useful concept for making current monetary policy decisions. Last stated 2 weeks ago
21 Sept 2026
BD
Brad DeLong — holds since 2026-09-21 — tap for who they are
Same subject: Kevin Warsh's approach to monetary policy is fundamentally different from that of the rest of the FOMC. — tap to centre the map on it Kevin Warsh's approach to monetary policy is fundamentally different from that of the rest of the FOMC. Last stated 2 weeks ago
21 Sept 2026
BD
Brad DeLong — holds since 2026-09-21 — tap for who they are
Same subject: Numbers offer a false precision: which metrics you choose to look at, and whether a five percent rise is good, are both art rather than science. — tap to centre the map on it Numbers offer a false precision: which metrics you choose to look at, and whether a five percent rise is good, are both art rather than science. Last stated a year ago
21 Sept 2025
JZ
Julie Zhuo — holds since 2025-09-21 — tap for who they are
Same subject: The price level behaves as the aggregate of mostly backward-looking decisions rather than as an asset price, except during hyperinflation, so expected future primary balances barely affect it today. — tap to centre the map on it The price level behaves as the aggregate of mostly backward-looking decisions rather than as an asset price, except during hyperinflation, so expected future primary balances barely affect it today. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Tariff policy is too erratic to reliably predict or plan around. — tap to centre the map on it Tariff policy is too erratic to reliably predict or plan around. Last stated 2 years ago
31 Mar 2025
NB
Nat Bullard — holds since 2025-03-31 — tap for who they are
Same subject: The Federal Reserve will need to raise interest rates rather than cut them to bring down inflation. — tap to centre the map on it The Federal Reserve will need to raise interest rates rather than cut them to bring down inflation. Last stated 5 months ago
15 May 2026
JB
Josh Barro — holds since 2026-05-15 — tap for who they are
Same subject: Neither monetarist money-supply-focused models nor Keynesian macro models have outperformed simple random-walk models at forecasting the macroeconomy. — tap to centre the map on it Neither monetarist money-supply-focused models nor Keynesian macro models have outperformed simple random-walk models at forecasting the macroeconomy. Last stated 3 years ago
1 Oct 2023
TC
Tyler Cowen — holds since 2023-10-01 — tap for who they are
Same subject: The real interest rate in the long run is determined by market forces, not by monetary policy. — tap to centre the map on it The real interest rate in the long run is determined by market forces, not by monetary policy. Last stated 3 weeks ago
14 Sept 2026
SS
Scott Sumner — holds since 2026-09-14 — tap for who they are
Same subject: Time spent on bureaucratic paperwork is a real economic cost even though it doesn't appear in government budgets. — tap to centre the map on it Time spent on bureaucratic paperwork is a real economic cost even though it doesn't appear in government budgets. Last stated 2 weeks ago
19 Sept 2026
BH
Byrne Hobart — holds since 2026-09-19 — tap for who they are
Same subject: Among the leading candidates for greatest economist of all time, Adam Smith was analytically the weakest, save perhaps Malthus. — tap to centre the map on it Among the leading candidates for greatest economist of all time, Adam Smith was analytically the weakest, save perhaps Malthus. Last stated 3 years ago
1 Oct 2023
TC
Tyler Cowen — holds since 2023-10-01 — tap for who they are
Same subject: An inability to see the viewpoints of people unlike oneself is a genuine weakness in a social scientist, not merely a separate moral failing. — tap to centre the map on it An inability to see the viewpoints of people unlike oneself is a genuine weakness in a social scientist, not merely a separate moral failing. Last stated 3 years ago
1 Oct 2023
TC
Tyler Cowen — holds since 2023-10-01 — tap for who they are
Same subject: College is not a good career investment for most of the population. — tap to centre the map on it College is not a good career investment for most of the population. Last stated 2 years ago
19 Feb 2025
BC
Bryan Caplan — holds since 2025-02-19 — tap for who they are
Same subject: A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. — tap to centre the map on it A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. Last stated a month ago
21 Aug 2026
RD
Ray Dalio — holds since 2026-08-21 — tap for who they are
Same subject: Assessing whether government debt is sustainable is as much an art as a science. — tap to centre the map on it Assessing whether government debt is sustainable is as much an art as a science. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity. — tap to centre the map on it During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — 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: 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: 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
At the centre
Kevin Warsh does not believe the neutral rate is a useful concept for making current monetary policy decisions.
Holds Read this korrent →
Kevin Warsh's approach to monetary policy is fundamentally different from that of the rest of the FOMC.
Holds
Numbers offer a false precision: which metrics you choose to look at, and whether a five percent rise is good, are both art rather than science.
Holds
The price level behaves as the aggregate of mostly backward-looking decisions rather than as an asset price, except during hyperinflation, so expected future primary balances barely affect it today.
Holds
Tariff policy is too erratic to reliably predict or plan around.
Holds
The Federal Reserve will need to raise interest rates rather than cut them to bring down inflation.
Holds
Neither monetarist money-supply-focused models nor Keynesian macro models have outperformed simple random-walk models at forecasting the macroeconomy.
Holds
The real interest rate in the long run is determined by market forces, not by monetary policy.
Holds
Time spent on bureaucratic paperwork is a real economic cost even though it doesn't appear in government budgets.
Holds
Among the leading candidates for greatest economist of all time, Adam Smith was analytically the weakest, save perhaps Malthus.
Holds
An inability to see the viewpoints of people unlike oneself is a genuine weakness in a social scientist, not merely a separate moral failing.
Holds
College is not a good career investment for most of the population.
Holds
A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement.
Holds
Assessing whether government debt is sustainable is as much an art as a science.
Holds
During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity.
Holds
Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals.
Holds
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.
Holds
Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them.
No longer holds