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Reposted by David Wessel

Sheryl Gay Stolberg @sherylnyt.bsky.social · 11h

BREAKING: Friday night massacre underway at CDC. Doznes of "disease detectives," high-level scientists, entire Washington staff and editors of the MMWR (Morbidity and Mortality Weekly Report) have all been RIFed and received the following notice:

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David Wessel @davidmwessel.bsky.social · 19h

Law prof and former Fed gov Dan Tarullo says it’ll be tough for Supreme Court to say that Fed is independent of White House in monetary policy but not in regulatory policy since the same Fed governors are responsible for both. www.brookings.edu/articles/can...

Can the Federal Reserve be split in two? | Brookings

Former Fed gov. Tarullo explores the idea that a president can fire a Fed governor over regulatory (but not monetary) policy & why this split is untenable.

www.brookings.edu

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David Wessel @davidmwessel.bsky.social · 20h

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Aaron Rupar @atrupar.com · 22h

Hegseth: "I'm also proud that today we're signing a letter of acceptance to build a Qatari Emeri air force facility at the Mountain Home Airbase in Idaho."

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Reposted by David Wessel

The Upshot @upshot.nytimes.com · 5d

The decline is occurring as the Trump administration has delayed visa processing, instituted travel bans or restrictions for 19 countries, threatened to deport international students for pro-Palestinian speech, and heightened the vetting of student visa applicants.

www.nytimes.com/interactive/...

Nearly 20 Percent Fewer International Students Traveled to the U.S. in August

The data shows the steepest decline in August international student arrivals since the pandemic.

www.nytimes.com

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David Wessel @davidmwessel.bsky.social · 1d

The selective release of data during shutdown (CPI-yes, jobs report-no) is troubling.

Ben Casselman @bencasselman.bsky.social · 1d

SCOOP: The Bureau of Labor Statistics is preparing to release the September C.P.I. report despite the shutdown. (Exact date still unclear -- almost certainly not the original Oct. 15 date.) #EconSky #NumbersDay

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David Wessel @davidmwessel.bsky.social · 1d

Oklahoma Gov. Kevin Stitt (R), co-chair National Governors Association, condemned Trump's deployment of National Guard across state lines. www.nytimes.com/2025/10/09/u...

Oklahoma’s Republican Governor Criticizes National Guard Deployment in Chicago

www.nytimes.com

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David Wessel @davidmwessel.bsky.social · 1d

CNBC says Bessent has narrowed Fed chair pool to Bowman, Waller, Hassett, Warsh, and BlackRock Fixed Income CIO Rick Rieder.

CNBC @cnbc.com · 1d

Trump's Fed chair candidates list narrowed down to five by Bessent after interviews, sources say

Treasury plans to hold another round of interviews with all five candidates in the coming weeks and months.

cnb.cx

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David Wessel @davidmwessel.bsky.social · 1d

Are geopolitics leading to fragmentation of the international financial system? Launching this year's Geneva Report @brookings.edu Hutchins Center. In-person (registration required) & livestreamed. Oct 20 10 AM EDT www.brookings.edu/events/are-g...

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David Wessel @davidmwessel.bsky.social · 1d

Duflo and Banerjee leave MIT for University of Zurich. #econsky

Florian Scheuer @florianscheuer.bsky.social · 1d

I am delighted to share that Nobel laureates Esther Duflo and Abhijit Banerjee will join our Department of Economics @econ.uzh.ch at the University of Zurich on July 1, 2026, as Lemann Foundation Professors of Economics.

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The Daily Show @thedailyshow.com · 1d

The following is REAL footage from Portland, 2025. Viewer discretion is advised.

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David Wessel @davidmwessel.bsky.social · 1d

Apparently (according to Brad Setser) US Treasury is issuing Special Drawing Rights Certificates to the Fed in return for dollars which will go into the Exchange Stabilization Fund and the Treasury will then lend (swap) dollars to Argentina.

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David Wessel @davidmwessel.bsky.social · 1d

Senate votes 83-14 to reject Sen. Rand Paul's proposed amendment to the National Defense Authorization Act that would have prohibited the Fed from paying interest on reserves.

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Reposted by David Wessel

Ben Casselman @bencasselman.bsky.social · 1d

SCOOP: The Bureau of Labor Statistics is preparing to release the September C.P.I. report despite the shutdown. (Exact date still unclear -- almost certainly not the original Oct. 15 date.) #EconSky #NumbersDay

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David Wessel @davidmwessel.bsky.social · 1d

This is only the 4th time since 1996 the US has intervened in FX – and the first time since then in EM FX. the other interventions were to buy Yen in 1998, buy euros in 2000 and sell Yen in 2011, says Evercore/ISI.

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David Wessel @davidmwessel.bsky.social · 1d

What shutdown? Treasury Secy Scott Bessent says (on X) Treasury bought Argentine pesos today -- and finalized a $20 billion swap line with Argentina's central bank. Wonder if the Fed had to sign off on the swaps. x.com/SecScottBess...

Treasury Secretary Scott Bessent on X: "The @USTreasury has concluded 4 days of intensive meetings with Minister @LuisCaputoAR and his team in DC. We discussed Argentina’s strong economic fundamentals, including structural changes already underway that will generate significant dollar-denominated exports and foreign" / X

The @USTreasury has concluded 4 days of intensive meetings with Minister @LuisCaputoAR and his team in DC. We discussed Argentina’s strong economic fundamentals, including structural changes already underway that will generate significant dollar-denominated exports and foreign

x.com

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David Wessel @davidmwessel.bsky.social · 1d

Harvard's Linda Bilmes: Why government shutdowns keep happening. www.hks.harvard.edu/faculty-rese...

Explainer: Why government shutdowns keep happening in the United States

The economic and human costs can be high when budget dysfunction and partisan politics are in play, Harvard Kennedy School expert Linda Bilmes says.

www.hks.harvard.edu

Reposted by David Wessel

John Cawley @johncawley.bsky.social · 1d

Three big announcements concerning new data from the AEA on the #EconJobMarket

First, there are now live dashboards on AEA JOE that show the # of jobs listed on JOE each week, with comparisons to recent years. These will be updated weekly.
www.aeaweb.org/about-aea/co...

#EconSky
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JOE Openings by Week - Pre-ASSA

www.aeaweb.org

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Reposted by David Wessel

Austan Goolsbee @goolsbee.bsky.social · 1d

Thrilled to announce that John Leahy will become the Chicago Fed’s next director of research

He’s the Allen Sinai Professor and chair of the Econ dept. at @umich and a great guy.

Welcome to Da Bank, John.

www.chicagofed.org/publications... x.com/messages/med...

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Reposted by David Wessel

EconReporter @econreporter.bsky.social · 1d

@petercontibrown.bsky.social on the problems of Lisa Cook having to defend herself in the "Fed Independence" lawsuit

Why is Lisa Cook defending Fed independence by herself?

Some thoughts on the Fed's curious decision to leave Cook to twist in the wind

open.substack.com

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Reposted by David Wessel

Jan Rosenow @janrosenow.bsky.social · 2d

Two graphs in today’s FT.

Notice the UK’s position on both graphs.

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David Wessel @davidmwessel.bsky.social · 2d

Fact o morning: Three of the six Nobel Prize winners in the sciences are Americans who are immigrants. www.wsj.com/opinion/nobe...

Opinion | Immigrants and American Nobel Prizes

Three of the six U.S. science winners this year are foreign-born.

www.wsj.com

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Reposted by David Wessel

Hayes Gardner @hayesgardner.bsky.social · 3d

McCormick executives meet weekly to discuss Trump's tariffs, which are expected to cost the spice company about $140 million annually. www.thebanner.com/economy/mcco...

McCormick spice company has a $140 million tariff problem

McCormick & Company, a spice giant based in Hunt Valley, said in an earnings call Tuesday that it anticipates $140 million in annual costs associated with President Donald Trump’s tariffs.

www.thebanner.com

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David Wessel @davidmwessel.bsky.social · 2d

“Halting Uncertain Methods and Practices in Supervision Act of 2025”

David Wessel @davidmwessel.bsky.social · 2d

America's Argentina rescue won’t save the peso for long, says Maury Obstfeld www.piie.com/blogs/realti...

America's Argentina rescue won’t save the peso for long

The Argentine peso is in trouble again, but this time the US government is riding to the rescue. In late September, Treasury Secretary Scott Bessent announced several supportive measures, including po...

www.piie.com

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David Wessel @davidmwessel.bsky.social · 2d

Details of CBO estimate: www.cbo.gov/system/files...

www.cbo.gov

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