Joe Hackett
@joehackett.bsky.social
Auditor - Federal Reserve Board of Governors. Former GAO, IIF, public school spec. ed. assistant. Dog dad. Personal account.
Reposted by Joe Hackett
Watch Chair Powell’s statement from the #FOMC press conference:
Intro clip: www.youtube.com/watch?v=Ir58...
Full video: www.youtube.com/watch?v=EEIs...
Press conference materials: www.federalreserve.gov/monetarypoli...
Intro clip: www.youtube.com/watch?v=Ir58...
Full video: www.youtube.com/watch?v=EEIs...
Press conference materials: www.federalreserve.gov/monetarypoli...
FOMC Introductory Statement, September 17, 2025
YouTube video by Federal Reserve
www.youtube.com
September 17, 2025 at 9:14 PM
Watch Chair Powell’s statement from the #FOMC press conference:
Intro clip: www.youtube.com/watch?v=Ir58...
Full video: www.youtube.com/watch?v=EEIs...
Press conference materials: www.federalreserve.gov/monetarypoli...
Intro clip: www.youtube.com/watch?v=Ir58...
Full video: www.youtube.com/watch?v=EEIs...
Press conference materials: www.federalreserve.gov/monetarypoli...
Reposted by Joe Hackett
If you can't beat 'em, let the dog eat 'em:
Chicago-based Asian carp dog treat helping save Great Lakes from invasive fish
Dogs are taking the bait! A Chicago-based pet food company is offering up an Asian Carp dog treat.
buff.ly
August 13, 2025 at 12:38 PM
If you can't beat 'em, let the dog eat 'em:
Reposted by Joe Hackett
Francisco Scott, José Mustre-del-Río, Amaze Lusompa and Jalen Nichols, with the Kansas City Fed, argue that it may be time to include food-at-home costs in measures of core inflation: www.kansascityfed.org/research/eco...
#EconSky #Economy
#EconSky #Economy
July 25, 2025 at 9:38 PM
Francisco Scott, José Mustre-del-Río, Amaze Lusompa and Jalen Nichols, with the Kansas City Fed, argue that it may be time to include food-at-home costs in measures of core inflation: www.kansascityfed.org/research/eco...
#EconSky #Economy
#EconSky #Economy
Reposted by Joe Hackett
On July 22, 2025, Vice Chair for Supervision Bowman moderated a fireside chat on innovation at the Integrated Review of the Capital Framework for Large Banks Conference: www.federalreserve.gov/conferences/...
July 22, 2025 at 8:37 PM
On July 22, 2025, Vice Chair for Supervision Bowman moderated a fireside chat on innovation at the Integrated Review of the Capital Framework for Large Banks Conference: www.federalreserve.gov/conferences/...
Reposted by Joe Hackett
#FedFAQ: What is the FOMC and when does it meet?
The Federal Open Market Committee (FOMC) is the monetary policymaking body of the Federal Reserve System.
Learn more: www.federalreserve.gov/faqs/about_1...
The Federal Open Market Committee (FOMC) is the monetary policymaking body of the Federal Reserve System.
Learn more: www.federalreserve.gov/faqs/about_1...
July 23, 2025 at 2:10 PM
#FedFAQ: What is the FOMC and when does it meet?
The Federal Open Market Committee (FOMC) is the monetary policymaking body of the Federal Reserve System.
Learn more: www.federalreserve.gov/faqs/about_1...
The Federal Open Market Committee (FOMC) is the monetary policymaking body of the Federal Reserve System.
Learn more: www.federalreserve.gov/faqs/about_1...
Reposted by Joe Hackett
“Giving pedestrians a 7-second head start at traffic lights—known as Leading Pedestrian Intervals (LPIs)—is associated with a 33% reduction in total pedestrian injuries—both fatal & non-fatal—at New York City intersections, according to a new study from Columbia University School of Public Health.”
New York City intersections see one-third fewer pedestrian injuries with longer head-start intervals
Giving pedestrians a 7-second head start at traffic lights—known as Leading Pedestrian Intervals (LPIs)—is associated with a 33% reduction in total pedestrian injuries—both fatal and non-fatal—at New ...
phys.org
July 22, 2025 at 7:40 PM
“Giving pedestrians a 7-second head start at traffic lights—known as Leading Pedestrian Intervals (LPIs)—is associated with a 33% reduction in total pedestrian injuries—both fatal & non-fatal—at New York City intersections, according to a new study from Columbia University School of Public Health.”
Reposted by Joe Hackett
If you want to worry yourself about UK inflation - the FT core measure has not fallen since spring last year...
...driving that has been an increase in the breadth of price rises
Offsetting this is definitive weakness in real indicators, especially the labour market...
...driving that has been an increase in the breadth of price rises
Offsetting this is definitive weakness in real indicators, especially the labour market...
July 16, 2025 at 9:16 AM
If you want to worry yourself about UK inflation - the FT core measure has not fallen since spring last year...
...driving that has been an increase in the breadth of price rises
Offsetting this is definitive weakness in real indicators, especially the labour market...
...driving that has been an increase in the breadth of price rises
Offsetting this is definitive weakness in real indicators, especially the labour market...
Reposted by Joe Hackett
Map data from ISW and @criticalthreats.bsky.social was used to support this @wsj.com story on how the use of drones has impacted the war in Ukraine:
www.wsj.com/world/europe...
www.wsj.com/world/europe...
A Never-Ending Supply of Drones Has Frozen the Front Lines in Ukraine
Unmanned vehicles dominate the battlefield in Ukraine—laying mines, delivering ammunition and medication, even evacuating casualties.
www.wsj.com
July 14, 2025 at 5:29 PM
Map data from ISW and @criticalthreats.bsky.social was used to support this @wsj.com story on how the use of drones has impacted the war in Ukraine:
www.wsj.com/world/europe...
www.wsj.com/world/europe...
Reposted by Joe Hackett
Taiwan’s central bank tells foreign investors to stop violating capital controls https://on.ft.com/4513ABF
Taiwan’s central bank tells foreign investors to stop violating capital controls
Warning comes as authorities seek to contain volatility in rapidly appreciating currency
on.ft.com
July 14, 2025 at 1:45 AM
Taiwan’s central bank tells foreign investors to stop violating capital controls https://on.ft.com/4513ABF
Reposted by Joe Hackett
The Fed has taken steps to defend itself against accusations that its chair had mismanaged renovations underway at its headquarters in Washington D.C. and then mislead Congress, updating its FAQs on the project on Friday www.federalreserve.gov/faqs/buildin...
Marriner S. Eccles Building and 1951 Constitution Avenue Building Project
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
July 11, 2025 at 11:01 PM
The Fed has taken steps to defend itself against accusations that its chair had mismanaged renovations underway at its headquarters in Washington D.C. and then mislead Congress, updating its FAQs on the project on Friday www.federalreserve.gov/faqs/buildin...
Reposted by Joe Hackett
"Russian households sent a record 52.3 billion rubles — nearly $650 million — to foreign brokers in May, the Central Bank said Monday, highlighting the growing flight of capital from the country’s increasingly isolated and risk-laden financial markets." www.themoscowtimes.com/2025/07/08/r...
Russians Set Record for Transfers to Foreign Brokers Amid Market Uncertainty - The Moscow Times
Russian households sent a record 52.3 billion rubles — nearly $650 million — to foreign brokers in May, the Central Bank said Monday, highlighting the growing flight of capital from the country’s incr...
www.themoscowtimes.com
July 8, 2025 at 4:12 PM
"Russian households sent a record 52.3 billion rubles — nearly $650 million — to foreign brokers in May, the Central Bank said Monday, highlighting the growing flight of capital from the country’s increasingly isolated and risk-laden financial markets." www.themoscowtimes.com/2025/07/08/r...
Reposted by Joe Hackett
Joey Chestnut, the longtime champion of the Nathan’s Famous Hot Dog Eating Contest who was barred from competing last year over an endorsement deal with a vegan-meat company, returned on Friday. He devoured 70.5 hot dogs in 10 minutes to notch his 17th win. www.nytimes.com/2025/07/04/n...
July 4, 2025 at 7:40 PM
Joey Chestnut, the longtime champion of the Nathan’s Famous Hot Dog Eating Contest who was barred from competing last year over an endorsement deal with a vegan-meat company, returned on Friday. He devoured 70.5 hot dogs in 10 minutes to notch his 17th win. www.nytimes.com/2025/07/04/n...
Reposted by Joe Hackett
“The extensive hunt for the alleged mole [in MI6], called Operation Wedlock, was run by…MI5, which deployed a team of up to 35 surveillance, planning and desk officers [and] lasted in one form or another for up to 20 years” www.theguardian.com/uk-news/2025...
UK launched huge operation to find suspected Russian double agent in MI6
Exclusive: Operation Wedlock lasted up to 20 years and took MI5 teams across world amid panic about ‘another Philby’
www.theguardian.com
June 28, 2025 at 5:54 AM
“The extensive hunt for the alleged mole [in MI6], called Operation Wedlock, was run by…MI5, which deployed a team of up to 35 surveillance, planning and desk officers [and] lasted in one form or another for up to 20 years” www.theguardian.com/uk-news/2025...
Reposted by Joe Hackett
Fed kicks off effort to ease bank leverage rules reut.rs/3FWpPPI
Fed kicks off effort to ease bank leverage rules
The Federal Reserve meets on Wednesday to advance a proposal that would ease leverage rules for banks, which would grant the industry a long-sought win they say will help big firms facilitate Treasury market trading.
reut.rs
June 25, 2025 at 10:15 AM
Fed kicks off effort to ease bank leverage rules reut.rs/3FWpPPI
Reposted by Joe Hackett
Bloomberg: "China has introduced a requirement for state-owned developers to avoid defaulting on publicly issued debt. The directive may send a signal to banks, often responsible for rolling over loans and issuing new credit."
www.bloomberg.com/news/article...?
www.bloomberg.com/news/article...?
China Asks State-Owned Developers to Avoid Public Debt Defaults
China has introduced a requirement for state-owned developers to avoid defaulting on publicly issued debt, in the latest attempt by authorities to contain the nation’s prolonged property crisis.
www.bloomberg.com
June 24, 2025 at 9:29 AM
Bloomberg: "China has introduced a requirement for state-owned developers to avoid defaulting on publicly issued debt. The directive may send a signal to banks, often responsible for rolling over loans and issuing new credit."
www.bloomberg.com/news/article...?
www.bloomberg.com/news/article...?
Reposted by Joe Hackett
Big service improvements are coming to #YourMetro this Sunday!
⌚️Longer weekend hours on rail
🔴⚪️ More frequent Red and Silver Line service during peak times
🚇 New split Silver Line service
Here’s everything you need to know: wmata.com/about/news/M...
⌚️Longer weekend hours on rail
🔴⚪️ More frequent Red and Silver Line service during peak times
🚇 New split Silver Line service
Here’s everything you need to know: wmata.com/about/news/M...
June 20, 2025 at 5:00 PM
Big service improvements are coming to #YourMetro this Sunday!
⌚️Longer weekend hours on rail
🔴⚪️ More frequent Red and Silver Line service during peak times
🚇 New split Silver Line service
Here’s everything you need to know: wmata.com/about/news/M...
⌚️Longer weekend hours on rail
🔴⚪️ More frequent Red and Silver Line service during peak times
🚇 New split Silver Line service
Here’s everything you need to know: wmata.com/about/news/M...
Reposted by Joe Hackett
Swiss central bank cuts rates to zero https://on.ft.com/4kgLMqR
Swiss central bank cuts interest rates to zero
Surge in value of Swiss franc amid US-driven trade war and lagging inflation has complicated policymaking
on.ft.com
June 19, 2025 at 11:23 AM
Swiss central bank cuts rates to zero https://on.ft.com/4kgLMqR
Reposted by Joe Hackett
The top aide to Iran’s Supreme Leader Ali Khamenei, Ali Asghar Hejazi, is negotiating with Russia for a possible escape route for regime leaders if Iran’s situation worsens, Iran International reports.
Moscow has promised a secure evacuation.
Moscow has promised a secure evacuation.
June 15, 2025 at 9:58 AM
The top aide to Iran’s Supreme Leader Ali Khamenei, Ali Asghar Hejazi, is negotiating with Russia for a possible escape route for regime leaders if Iran’s situation worsens, Iran International reports.
Moscow has promised a secure evacuation.
Moscow has promised a secure evacuation.
Reposted by Joe Hackett
This was a blast
Check out the latest Odd Lots, featuring @rlspang.bsky.social, Stefan Ingves & yours truly, a recorded panel of a great conference on “how to write the biography of a currency” hosted by Harold James & @bhgreeley.bsky.social at Princeton in early May open.spotify.com/episode/3Bzs...
How Do We Define a Currency?
open.spotify.com
June 2, 2025 at 9:39 AM
This was a blast
Reposted by Joe Hackett
Stanley Fischer, a professor and practitioner of macroeconomics who helped guide central banks in two countries, Israel and the US, and mentored a younger generation of economic decision-makers, has died. He was 81.
Stanley Fischer, Who Spread the Macroeconomic Gospel, Dies at 81
Stanley Fischer, a professor and practitioner of macroeconomics who helped guide central banks in two countries, Israel and the US, and mentored a younger generation of economic decision-makers, has died. He was 81.
bloom.bg
June 1, 2025 at 5:51 AM
Stanley Fischer, a professor and practitioner of macroeconomics who helped guide central banks in two countries, Israel and the US, and mentored a younger generation of economic decision-makers, has died. He was 81.
Reposted by Joe Hackett
Fed's Waller in Korea: "Assuming that the effective tariff rate settles close to my lower tariff scenario, that underlying inflation continues to make progress to our 2 percent goal, and that the labor market remains solid, I would be supporting 'good news' rate cuts later this year."
June 2, 2025 at 12:02 AM
Fed's Waller in Korea: "Assuming that the effective tariff rate settles close to my lower tariff scenario, that underlying inflation continues to make progress to our 2 percent goal, and that the labor market remains solid, I would be supporting 'good news' rate cuts later this year."
Reposted by Joe Hackett
If even a fraction of this is true, it’s a remarkable achievement & a mark of how far Ukr deep strike has come. ‘An operation by Ukraine's Security Service (SBU) has hit ‘more than 40" Russian bombers at air bases “in the rear of the Russian Federation”…’ kyivindependent.com/enemy-bomber...
'Russian bombers are burning en masse' — Ukraine's SBU drones hit 'more than 40' aircraft in mass attack, source claims
"Currently, more than 40 aircraft are known to have been hit, including the A-50, Tu-95 and Tu-22 M3," a source told the Kyiv Independent.
kyivindependent.com
June 1, 2025 at 11:34 AM
If even a fraction of this is true, it’s a remarkable achievement & a mark of how far Ukr deep strike has come. ‘An operation by Ukraine's Security Service (SBU) has hit ‘more than 40" Russian bombers at air bases “in the rear of the Russian Federation”…’ kyivindependent.com/enemy-bomber...
Reposted by Joe Hackett
Crypto may be eating up the U.S. political system but back in the real word its use by regular folks is dropping. Fed data shows the 8 percent of adults who used cryptocurrency either as money or investment last year is down from 12% in 2021. Data also shows almost no use as actual money.
May 28, 2025 at 4:57 PM
Crypto may be eating up the U.S. political system but back in the real word its use by regular folks is dropping. Fed data shows the 8 percent of adults who used cryptocurrency either as money or investment last year is down from 12% in 2021. Data also shows almost no use as actual money.
Reposted by Joe Hackett
North Korea Infiltrates U.S. Remote Jobs—With the Help of Everyday Americans
www.wsj.com/business/nor...
www.wsj.com/business/nor...
North Korea Infiltrates U.S. Remote Jobs—With the Help of Everyday Americans
A LinkedIn message drew a former waitress in Minnesota into a type of intricate scam involving illegal paychecks and stolen data. It’s a growing problem for businesses.
www.wsj.com
May 28, 2025 at 1:01 PM
North Korea Infiltrates U.S. Remote Jobs—With the Help of Everyday Americans
www.wsj.com/business/nor...
www.wsj.com/business/nor...