Jay Shambaugh
@jaycshambaugh.bsky.social
Professor of Econ and Intl affairs at GW
Former: Under Secretary of Intl Affairs at Treasury, Director of the Hamilton Project at Brookings, Member at WH CEA, Senior /chief economist at CEA.
Former: Under Secretary of Intl Affairs at Treasury, Director of the Hamilton Project at Brookings, Member at WH CEA, Senior /chief economist at CEA.
Fair, but I think if we are worried about market concentration, wealth concentration, or product safety, we’re better off dealing with directly via tax/regulatory/antitrust policy. Having others distance from our companies bc they don’t trust our government doesn’t seem good.
February 17, 2026 at 3:29 PM
Fair, but I think if we are worried about market concentration, wealth concentration, or product safety, we’re better off dealing with directly via tax/regulatory/antitrust policy. Having others distance from our companies bc they don’t trust our government doesn’t seem good.
Reposted by Jay Shambaugh
Finally, from today: The full consequences of Trump's actions will take time to show up. Economists warn the undermining of institutions and alliances, erosion of the rule of law and cuts to scientific research (not a complete list) could do lasting damage.
www.nytimes.com/2026/01/20/b... #EconSky
www.nytimes.com/2026/01/20/b... #EconSky
Trump’s First Year Could Have Lasting Economic Consequences
www.nytimes.com
January 20, 2026 at 2:04 PM
Finally, from today: The full consequences of Trump's actions will take time to show up. Economists warn the undermining of institutions and alliances, erosion of the rule of law and cuts to scientific research (not a complete list) could do lasting damage.
www.nytimes.com/2026/01/20/b... #EconSky
www.nytimes.com/2026/01/20/b... #EconSky
I don’t think it’s about Trump’s preferred policy. I think this kind of ham-handed approach by Trump towards the Fed may make Powell feel he needs to stay to defend the institution. It’s about independence.
January 12, 2026 at 3:41 AM
I don’t think it’s about Trump’s preferred policy. I think this kind of ham-handed approach by Trump towards the Fed may make Powell feel he needs to stay to defend the institution. It’s about independence.
And to be clear. By backfires, I mean, Powell may have been planning to end his time at the Fed when his Chair term ends. But this may make him feel the Fed is under such threat that he should stay, so the “backfires” is for Trump. Jay Powell doesn’t deserve this.
January 12, 2026 at 2:03 AM
And to be clear. By backfires, I mean, Powell may have been planning to end his time at the Fed when his Chair term ends. But this may make him feel the Fed is under such threat that he should stay, so the “backfires” is for Trump. Jay Powell doesn’t deserve this.