I look forward to 2026 as a milestone year that follows a milestone 2025. I have many goals.

Plus more on bank supervision, European digital currency, Larry Summers in exile, Radiohead, and more

Treasury Secretary Scott Bessent floated today a new “rule” that would require Reserve Bank presidents to have three years of residency in their district prior to appointment. Is this a good idea?

And other thoughts on central bank innovation, agentic AI, declining religiosity, and the glories of biking in Boston

It's the food holiday. My kids were telling each other what they would request as the meal before their state execution. Here is mine.

Happy Thanksgiving to all. Today I express my gratitude.

Thoughts on arguments that no one should take seriously from Kevin Warsh, the debates about bank supervision, the abuse of US sanctions, and a preliminary report on the Philadelphia Marathon

Each month I host a Q&A session. Here I write on what I think about conspiracy theories, personal finance, finding bike deals, what makes a strong marriage, why I need to read more novels, and more.

The Biden Administration did not send the best central bankers. What will the Democrats learn from the experience?

Some thoughts on the efficacy of bank supervision, the resignation of Atlanta Fed President Raphael Bostic, the scandal of Adriana Kugler, a review of a new bike, and the upcoming Philly marathon