Bill Foster: “It's important for our economic recovery as well as planning to respond to China, frankly, on central bank digital…”

This made the discharge petition much more effective at its intended purpose, which is sort of to operate as a safety valve against, you know, the Speaker's rather dictatorial power.

The good news is that macroeconomic policy is working as designed.

I guess when things are going well, as they currently are, it is all of our duties to look around the curve and see the risks that keep you up at night.

While the Presidency is often the focus of political pronouncements about macroeconomic conditions, there is no question that it undersells the importance and the independence of the work of the Federal Reserve Board.