Looking at a map of the Strait of Hormuz and thinking about my 9th grade history class. Mr. Wood always talked about the importance of chokepoints. Seems relevant right now.
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Rich Higgins
2.4K posts
Rich Higgins
@Higginomics
Colgate University faculty, lover of macroeconomics, articles tweeted are not endorsements (just interesting). Not providing investment advice.
Beigetreten Ekim 2012
92 Folgt40 Follower
Rich Higgins retweetet
Here at the Fed, we are rationally exuberant to celebrate your 100th birthday with you. Happy birthday, Alan Greenspan!
youtu.be/lp1sJDa5MsI
YouTube
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Should the incidence of taxes (libertystreeteconomics.newyorkfed.org/2026/02/who-is…) actually factor into who taxes get rebated to when they are deemed not legal? Or should they go to who actually legally pays the taxes? It's a fun thought experiment, where one policy would surely be manipulated.
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Rich Higgins retweetet
Fed governor Michael Barr's latest speech contains
1) A short part on the current policy outlook. The key guidance: "Based on current conditions and the data in hand, it will likely be appropriate to hold rates steady for some time."
2) A much longer discussion of AI, with this summary statement at the end on the implications for the central bank: "For all of these reasons, I expect that the AI boom is unlikely to be a reason for lowering policy rates."
Federal Reserve@federalreserve
Speech by Governor Barr on artificial intelligence and the labor market: federalreserve.gov/newsevents/spe… Learn more about Governor Barr: federalreserve.gov/aboutthefed/bi…
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Rich Higgins retweetet
“The South is now demonstrating that it’s never really been about the kids,” says one former official. “It’s always been about our ability to serve them” economist.com/united-states/…
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I would have preferred Waller but Warsh is a more than qualified candidate. I wonder how much Warsh will be able to sway the FOMC, especially if Powell stays as a non-chair governor.
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Rich Higgins retweetet
Rich Higgins retweetet
Trump is asked about Tillis's view that a criminal investigation of Powell is excessive:
"That’s why Thom’s not going to be a senator any longer, I guess. But I like Thom Tillis. He's a nice guy. But look, he's not going to be a senator any longer because of views like that. We have a bad Fed chairman."
CSPAN@cspan
President Trump on Fed Chair Powell: "He's renovating a small building, it's the most expensive construction job in history...he either doesn't know what he's doing or it's worse than that. And you know what I mean by worse. So, hopefully he'll be out of there soon."
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Rich Higgins retweetet
The heads of the central banks in Australia, Brazil, Canada, Denmark, the Eurozone, South Korea, Sweden, Switzerland, the United Kingdom have issued a highly unusual statement of support for the Fed and Powell
European Central Bank@ecb
The ECB and other European and international central banks stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell. The independence of central banks is in the interest of the people we serve.
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Rich Higgins retweetet
House Financial Services Committee Chairman French Hill (R., Ark.) says a possible criminal investigation of Powell is “an unnecessary distraction.”
Powell is “a man of integrity” and a “person of the highest integrity.”
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Rich Higgins retweetet
Is the Jimmy John's picklewich a real thing? First, that sounds awful. Second, the bread is the best part of their subs.
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Rich Higgins retweetet
.@Higginomics of @ColgateECON and Irfan A. Qureshi of @ADB_HQ examine the macroeconomic impact of changing central bank leadership.
#MonetaryPolicy #Inflation
doi.org/10.1002/soej.1…
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Rich Higgins retweetet
The Fed is expected to cut rates by 25 bps on Wednesday, with all eyes on how many officials pencil in three cuts for the year, implying consecutive cuts in October and December
A walkup to an FOMC meeting unlike any in recent memory:
wsj.com/economy/centra…
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Rich Higgins retweetet
Always a pleasure welcoming our friends from Hamilton Central on their first day of classes!
#GoGate
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Rich Higgins retweetet
Creating a team for #FedChallenge? Don’t forget to register by September 30, 2025. See full rules: federalreserve.gov/aboutthefed/ed…
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Rich Higgins retweetet
Today, Chair Powell presents the semiannual Monetary Policy Report to the U.S. Senate Committee on Banking, Housing, and Urban Affairs: federalreserve.gov/newsevents/tes…
federalreserve.gov/monetarypolicy…
Watch live: banking.senate.gov
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Rich Higgins retweetet
More fiscal dominance rhetoric. This is becoming a pattern--see below posts--and should be a 🚨🚨🚨 warning that we are getting really close to a fiscal dominance regime.
David Beckworth@DavidBeckworth
Yesterday it was 0% on IORB, today it's cut rates to lower interest cost on debt=>fiscal dominance awakens!
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