Friday , April 19 2019
Home / Greg Mankiw / Memo to Senate: Just Say No

Memo to Senate: Just Say No

Summary:
A couple of weeks ago, I gave a talk at the Federal Reserve Bank of Dallas. I said that, although I am not a fan of President Trump, I have to give him credit for making good appointments to the Fed. I was thinking about people like Jay Powell, Rich Clarida, and Randy Quarles.Then today the president nominates Stephen Moore to be a Fed governor. Steve is a perfectly amiable guy, but he does not have the intellectual gravitas for this important job. If you doubt it, read his latest book Trumponomics (or my review of it).It is time for Senators to do their job. Mr. Moore should not be confirmed.

Topics:
Greg Mankiw considers the following as important:

This could be interesting, too:

FT Alphaville writes The IMF’s Tobias Adrian on stability

Jacob Funk Kirkegaard writes Europe’s New Leaders Need to Think Now about the Next Economic Downturn

[email protected] (B. H.) writes Historians and Economists

Scott Sumner writes Now is the time to reform the Fed (don’t blow it)

A couple of weeks ago, I gave a talk at the Federal Reserve Bank of Dallas. I said that, although I am not a fan of President Trump, I have to give him credit for making good appointments to the Fed. I was thinking about people like Jay Powell, Rich Clarida, and Randy Quarles.

Then today the president nominates Stephen Moore to be a Fed governor. Steve is a perfectly amiable guy, but he does not have the intellectual gravitas for this important job. If you doubt it, read his latest book Trumponomics (or my review of it).

It is time for Senators to do their job. Mr. Moore should not be confirmed.

Greg Mankiw
I am the Robert M. Beren Professor of Economics at Harvard University, where I teach introductory economics (ec 10). I use this blog to keep in touch with my current and former students. Teachers and students at other schools, as well as others interested in economic issues, are welcome to use this resource.

Leave a Reply

Your email address will not be published. Required fields are marked *