Joe Biden
People: April to June 2023
A round-up of central bankers in the news and on the move during the past three months
Biden nominates Ajay Banga to lead World Bank
Ahead of the nomination, some argued president should pick a non-US citizen
Fed rate-setters differ over US labour pressures
Waller says labour market is tight, but Brainard says no sign of overall wage pressure
Lael Brainard may take White House post
Biden could ask Federal Reserve vice-chair to lead economic council, reports say
Book notes: Yellen, by Jon Hilsenrath
Offers new insights into the tough decisions Yellen has made as a pre-eminent economic policy-maker
Asset sovereignty: a problem to stump Solomon
When states have rival governments, who owns central bank assets?
People: July to September 2022
A round-up of central bankers in the news and on the move during the past three months
Joseph Stiglitz on the challenge of fixing macroeconomics
Nobel Prize-winner discusses if central banks went wrong in 2021 and what to do about inflation
People: April to June 2022
A round-up of central bankers in the news and on the move during the past three months
Biden holds rare meeting with Fed chair Powell
Yellen admits she was wrong about the path of inflation in 2021
US Senate reappoints Powell as Fed chair
Appointment comes as Powell’s approval rating in polls falls to lowest point in his career
US banks anticipate delay to Basel III implementation
New Fed supervision head expected to align schedule with EU and Japan, but time is tight
US lawmakers approve vote on four Fed nominations
Senate Republicans end boycott after Raskin withdraws bid, but oppose Lisa Cook
Raskin withdraws Fed candidacy
Nominee cites “relentless attacks by special interests” after key senators oppose bid
Book notes: Shutdown, by Adam Tooze
Useful overview, showing intimate intertwining of geopolitics with health and economic policies
Biden orders CBDC report from Fed and other agencies
Report must advise on how possible CBDC would affect US security and sovereignty
US announces initial financial sanctions on Russia
Biden administration bars secondary market bond transactions, but expert says impact likely to be limited
US Senate Republicans stall Fed nominations
Raskin denies opposition lawmakers’ allegations she engaged in untoward lobbying
Omarova ends bid for OCC job
Biden nominee faced Republican charges of radicalism and alienated some Democrats
Tackling surging inflation
Central banks around the world are grappling with rapid price rises, with some taking very different routes to others
Biden re-nominates Powell as Fed chair
Lael Brainard nominated as vice-chair, to take over from Richard Clarida
Biden nominates law professor for OCC
Saule Omarova favours more regulation and suggested the Fed take over deposits, alarming banks
Leading Republican alleges Fed overreach on race
Toomey writes to regional Feds about “recent, intense interest in ‘racial justice’ activism”
Book notes: Central banks as fiscal players, by Willem Buiter
Buiter puts a real economic problem into a convincing theoretical frame, and translates it into applicable policy advice