David Wessel
@davidmwessel.bsky.social
Director, Hutchins Center on Fiscal & Monetary Policy, Brookings Institution
https://www.brookings.edu/people/david-wessel/
https://www.brookings.edu/people/david-wessel/
Ed Glaeser and Samantha Silverberg explain how screwed up the federal government's approach to subsidizing muni transit system's procurement of buses is -- and what to do about it. Short video. youtu.be/XLTGu8HFvuQ?... via @brookings.edu
Paying Less for Public Transit Buses
YouTube video by Brookings Institution
youtu.be
November 13, 2025 at 2:18 PM
Ed Glaeser and Samantha Silverberg explain how screwed up the federal government's approach to subsidizing muni transit system's procurement of buses is -- and what to do about it. Short video. youtu.be/XLTGu8HFvuQ?... via @brookings.edu
NBER launches initiative on economic measurement. nber.org/news/nber-la...
NBER Launches Initiative on Economic Measurement
nber.org
November 13, 2025 at 1:20 PM
NBER launches initiative on economic measurement. nber.org/news/nber-la...
The @financialtimes.com suggests US drew $900 million worth of SDRs from its (~$170 billion) account at the IMF and transferred them to Argentina so Argentina could make a scheduled debt repayment to the IMF. on.ft.com/4oBeQMm
US drew $900mn from IMF account as Argentina debt payment loomed
Buenos Aires’s reserves rose by the same margin as Washington seeks to bolster Javier Milei’s government
on.ft.com
November 13, 2025 at 11:33 AM
The @financialtimes.com suggests US drew $900 million worth of SDRs from its (~$170 billion) account at the IMF and transferred them to Argentina so Argentina could make a scheduled debt repayment to the IMF. on.ft.com/4oBeQMm
Reposted by David Wessel
Wondering when you'll get your #BLS data?? The Friends of BLS have posted an FAQ about the impact of the shutdown on #BLSdata: www.friendsofbls.org/updates/2025...
#econsky @aaronsojourner.org @betseystevenson.bsky.social @justinwolfers.bsky.social @jasonfurman.bsky.social @jedkolko.bsky.social
#econsky @aaronsojourner.org @betseystevenson.bsky.social @justinwolfers.bsky.social @jasonfurman.bsky.social @jedkolko.bsky.social
2025 Government Shutdown FAQs on BLS Data — The Friends of the Bureau of Labor Statistics
The Friends of BLS The 2025 Government Shutdown and BLS Data: Questions & Answers How will the government shutdown, which may be over by the time you read this, affect BLS data? F...
www.friendsofbls.org
November 12, 2025 at 7:31 PM
Wondering when you'll get your #BLS data?? The Friends of BLS have posted an FAQ about the impact of the shutdown on #BLSdata: www.friendsofbls.org/updates/2025...
#econsky @aaronsojourner.org @betseystevenson.bsky.social @justinwolfers.bsky.social @jasonfurman.bsky.social @jedkolko.bsky.social
#econsky @aaronsojourner.org @betseystevenson.bsky.social @justinwolfers.bsky.social @jasonfurman.bsky.social @jedkolko.bsky.social
Reposted by David Wessel
this is a big deal!
*FED'S PERLI: STRONG EVIDENCE BANK RESERVES NO LONGER ABUNDANT
*FED'S PERLI: STRONG EVIDENCE BANK RESERVES NO LONGER ABUNDANT
November 12, 2025 at 8:50 PM
this is a big deal!
*FED'S PERLI: STRONG EVIDENCE BANK RESERVES NO LONGER ABUNDANT
*FED'S PERLI: STRONG EVIDENCE BANK RESERVES NO LONGER ABUNDANT
Reposted by David Wessel
The US Supreme Court said that it will hear arguments on January 21 in President Trump's attempt to remove Federal Reserve Governor Lisa Cook, a move without precedent that challenges the central bank's independence reut.rs/47Rzukd
November 12, 2025 at 7:36 PM
The US Supreme Court said that it will hear arguments on January 21 in President Trump's attempt to remove Federal Reserve Governor Lisa Cook, a move without precedent that challenges the central bank's independence reut.rs/47Rzukd
Atlanta Fed's Bostic to step down www.wsj.com/economy/cent...
Atlanta Fed President Bostic to Retire Ahead of Reappointment Process
The regional bank leader plans to step down when his current five-year term expires at the end of next February.
www.wsj.com
November 12, 2025 at 3:04 PM
Atlanta Fed's Bostic to step down www.wsj.com/economy/cent...
Fact o day: Since the start of 2025, Germany has been running a trade deficit in capital goods with China over a rolling 12-month period. That is a first since records began in 2008.
on.ft.com/4nTHK9z via @financialtimes.com
on.ft.com/4nTHK9z via @financialtimes.com
Can anything halt the decline of German industry?
Europe’s manufacturing champion is in free fall. Economists are suggesting radical steps to save what is left
on.ft.com
November 12, 2025 at 11:39 AM
Fact o day: Since the start of 2025, Germany has been running a trade deficit in capital goods with China over a rolling 12-month period. That is a first since records began in 2008.
on.ft.com/4nTHK9z via @financialtimes.com
on.ft.com/4nTHK9z via @financialtimes.com
Reposted by David Wessel
Bank of England pushes back on criticism of QE programme losses.
It publishes new analysis showing it cut debt issuance costs for government, resulting in fiscal savings of £50-£125 billion that it says are still being felt.
www.bankofengland.co.uk/asset-purcha...
It publishes new analysis showing it cut debt issuance costs for government, resulting in fiscal savings of £50-£125 billion that it says are still being felt.
www.bankofengland.co.uk/asset-purcha...
Asset Purchase Facility Quarterly Report - 2025 Q3
In the interests of openness and transparency, we publish a quarterly report on the transactions carried out as part of the Asset Purchase Facility. The reports are published shortly after the end of ...
www.bankofengland.co.uk
November 11, 2025 at 12:35 PM
Bank of England pushes back on criticism of QE programme losses.
It publishes new analysis showing it cut debt issuance costs for government, resulting in fiscal savings of £50-£125 billion that it says are still being felt.
www.bankofengland.co.uk/asset-purcha...
It publishes new analysis showing it cut debt issuance costs for government, resulting in fiscal savings of £50-£125 billion that it says are still being felt.
www.bankofengland.co.uk/asset-purcha...
Communications innovation: Bank of England minutes now provide a paragraph in which each committee member (by name) to explains his/her vote and outlook. www.bankofengland.co.uk/monetary-pol...
Bank Rate maintained at 4% - November 2025 Monetary Policy Summary and Minutes
Find out more about the Monetary Policy Committee’s latest decision
www.bankofengland.co.uk
November 11, 2025 at 12:50 PM
Communications innovation: Bank of England minutes now provide a paragraph in which each committee member (by name) to explains his/her vote and outlook. www.bankofengland.co.uk/monetary-pol...
! So you buy waterfront lot for $30 mm, spend five years building a 30,000-sq-ft mansion with 1500-gallon aquarium and more. But your plans have changed so you relocate with your "expanding family" to Palm Beach. Now you put the unfinished place on the market for $200 mm www.wsj.com/real-estate/...
Exclusive | A Cosmetic Surgeon Asks $200 Million for His Large Florida Mansion
Dr. Aaron Rollins has almost finished building the Indian Creek home, which will span 30,000 feet and have amenities like a hair salon and 1,500-gallon aquarium.
www.wsj.com
November 11, 2025 at 12:36 PM
! So you buy waterfront lot for $30 mm, spend five years building a 30,000-sq-ft mansion with 1500-gallon aquarium and more. But your plans have changed so you relocate with your "expanding family" to Palm Beach. Now you put the unfinished place on the market for $200 mm www.wsj.com/real-estate/...
Reposted by David Wessel
In Opinion | The first step toward building a good jobs agenda requires officials thinking about economic development “to get over their manufacturing fetishism,” Dani Rodrik writes.
Opinion | What Even Is a ‘Good’ Job?
It starts with abandoning the fetish over manufacturing.
nyti.ms
November 10, 2025 at 11:40 PM
In Opinion | The first step toward building a good jobs agenda requires officials thinking about economic development “to get over their manufacturing fetishism,” Dani Rodrik writes.
Reposted by David Wessel
This is such a bizarre talking point; I've thankfully never had to use most of the types of insurance that I have for me and my family
This is a good excuse to share my WSJ letter to the editor explaining that "not filing a claim doesn’t mean you didn’t need insurance" www.wsj.com/opinion/the-...
This is a good excuse to share my WSJ letter to the editor explaining that "not filing a claim doesn’t mean you didn’t need insurance" www.wsj.com/opinion/the-...
November 10, 2025 at 5:57 PM
This is such a bizarre talking point; I've thankfully never had to use most of the types of insurance that I have for me and my family
This is a good excuse to share my WSJ letter to the editor explaining that "not filing a claim doesn’t mean you didn’t need insurance" www.wsj.com/opinion/the-...
This is a good excuse to share my WSJ letter to the editor explaining that "not filing a claim doesn’t mean you didn’t need insurance" www.wsj.com/opinion/the-...
Reposted by David Wessel
Hi writers! I’m looking to assign a couple of features for Slate before the end of the year. If you have anything in mind that you think would be a fit please send me a pitch! Jenée.Desmond- [email protected] or dm me.
RTs are appreciated so this can reach more people. Thanks!
RTs are appreciated so this can reach more people. Thanks!
November 10, 2025 at 6:06 PM
Hi writers! I’m looking to assign a couple of features for Slate before the end of the year. If you have anything in mind that you think would be a fit please send me a pitch! Jenée.Desmond- [email protected] or dm me.
RTs are appreciated so this can reach more people. Thanks!
RTs are appreciated so this can reach more people. Thanks!
Reposted by David Wessel
Kyle Kingsbury is not a journalist. He is not an op-ed writer.
He is a computer safety researcher.
And he has written one of the most compelling, comprehensive accounts of the ongoing hell in Chicago that you could possibly imagine.
In under 1600 words.
aphyr.com/posts/397-i-...
He is a computer safety researcher.
And he has written one of the most compelling, comprehensive accounts of the ongoing hell in Chicago that you could possibly imagine.
In under 1600 words.
aphyr.com/posts/397-i-...
November 9, 2025 at 8:49 PM
Kyle Kingsbury is not a journalist. He is not an op-ed writer.
He is a computer safety researcher.
And he has written one of the most compelling, comprehensive accounts of the ongoing hell in Chicago that you could possibly imagine.
In under 1600 words.
aphyr.com/posts/397-i-...
He is a computer safety researcher.
And he has written one of the most compelling, comprehensive accounts of the ongoing hell in Chicago that you could possibly imagine.
In under 1600 words.
aphyr.com/posts/397-i-...
As the contest for Fed chair enters its final months, the @financialtimes.com says jostling for leadership posts is underway at the ECB on.ft.com/3JtLq3L
ECB to kick off race for top roles as Lagarde era enters final stretch
Four of six jobs on central bank’s executive board become vacant before end of 2027, including the presidency
on.ft.com
November 10, 2025 at 11:34 AM
As the contest for Fed chair enters its final months, the @financialtimes.com says jostling for leadership posts is underway at the ECB on.ft.com/3JtLq3L
Two @wsj.com pieces about NYC skyscrapers worth reading.
The new (JPMorganChase): www.wsj.com/style/design...
The old (American Radiator)
www.wsj.com/real-estate/...
The new (JPMorganChase): www.wsj.com/style/design...
The old (American Radiator)
www.wsj.com/real-estate/...
November 10, 2025 at 11:29 AM
Two @wsj.com pieces about NYC skyscrapers worth reading.
The new (JPMorganChase): www.wsj.com/style/design...
The old (American Radiator)
www.wsj.com/real-estate/...
The new (JPMorganChase): www.wsj.com/style/design...
The old (American Radiator)
www.wsj.com/real-estate/...
Reposted by David Wessel
The RIFs language is actually great. Not only does it rehire the people RIFed during the shutdown, it makes it an unequivocal Antideficiency Act violation to do ANY MORE RIFs through the duration of the CR (Jan 30)
Completely stops Trump/Vought Phase 2 for now
Would love to see this standardized
Completely stops Trump/Vought Phase 2 for now
Would love to see this standardized
November 10, 2025 at 12:27 AM
The RIFs language is actually great. Not only does it rehire the people RIFed during the shutdown, it makes it an unequivocal Antideficiency Act violation to do ANY MORE RIFs through the duration of the CR (Jan 30)
Completely stops Trump/Vought Phase 2 for now
Would love to see this standardized
Completely stops Trump/Vought Phase 2 for now
Would love to see this standardized
Reposted by David Wessel
Trump threw another lavish party as his DOJ asked the Supreme Court to stop it from being forced to pay food stamps for 40 million Americans.
Yes, this is *different* from last week’s Gatsby party. www.thedailybeast.com/trump-hosts-...
Yes, this is *different* from last week’s Gatsby party. www.thedailybeast.com/trump-hosts-...
Trump Throws Decadent Opera and Truffles Rager at Mar-a-Lago
The president’s ragers show no sign of slowing down even amid the government shutdown.
www.thedailybeast.com
November 9, 2025 at 1:02 PM
Trump threw another lavish party as his DOJ asked the Supreme Court to stop it from being forced to pay food stamps for 40 million Americans.
Yes, this is *different* from last week’s Gatsby party. www.thedailybeast.com/trump-hosts-...
Yes, this is *different* from last week’s Gatsby party. www.thedailybeast.com/trump-hosts-...
We've added some detail to the Hutchins Center Fiscal Impact Measure to break out our estimates of the impact of OBBBA, tariffs, and uncertainty on
GDP growth www.brookings.edu/articles/hut... @brookings.edu
GDP growth www.brookings.edu/articles/hut... @brookings.edu
Hutchins Center Fiscal Impact Measure | Brookings
The Hutchins Center Fiscal Impact Measure shows how much fiscal policy adds to or subtracts from overall economic growth.
www.brookings.edu
November 8, 2025 at 6:03 PM
We've added some detail to the Hutchins Center Fiscal Impact Measure to break out our estimates of the impact of OBBBA, tariffs, and uncertainty on
GDP growth www.brookings.edu/articles/hut... @brookings.edu
GDP growth www.brookings.edu/articles/hut... @brookings.edu
10-year-old beekeeper takes on Santa Rosa city govenrment -- and wins. www.latimes.com/california/s...
California city tried to stamp out 10-year-old’s beehive project. Saving the bees was a lesson in love
Before he goes out for lacrosse games, it's tradition that he has a spoonful of honey. Also, perhaps not coincidentally given what happened later, he gets a kick out of seeing tiny insects work togeth...
www.latimes.com
November 8, 2025 at 2:14 PM
10-year-old beekeeper takes on Santa Rosa city govenrment -- and wins. www.latimes.com/california/s...
What is Wall Street most worried about these days? From a NYFed survey summarized in Fed's new Financial Stability Report www.federalreserve.gov/publications...
November 8, 2025 at 2:04 PM
What is Wall Street most worried about these days? From a NYFed survey summarized in Fed's new Financial Stability Report www.federalreserve.gov/publications...
As you round the corner on Shanghai’s Shimen Second Road, a giant ship, "The Louis," appears like an apparition. Suspended from its hull, the anchor is in the shape of two six-foot-tall letters: LV. The ship-shaped exhibition space and store, is the brainchild of Louis Vuitton. on.ft.com/3JPvdWE
November 8, 2025 at 12:48 PM
As you round the corner on Shanghai’s Shimen Second Road, a giant ship, "The Louis," appears like an apparition. Suspended from its hull, the anchor is in the shape of two six-foot-tall letters: LV. The ship-shaped exhibition space and store, is the brainchild of Louis Vuitton. on.ft.com/3JPvdWE
Reposted by David Wessel
Thank you Congressman Neguse for laying it plain.
October 31, 2025 at 4:14 PM
Thank you Congressman Neguse for laying it plain.