Mike Madowitz
@mikemadowitz.bsky.social
Now: Principal Economist @rooseveltinstitute.org & Roosevelt Forward. Then: @equitablegrowth |@JECDems | @amprog | @RFF | @UCSDecon | @BrookingsEcon.
This = me+β(no_sleep)+ε
https://rooseveltinstitute.org/authors/michael-madowitz/
This = me+β(no_sleep)+ε
https://rooseveltinstitute.org/authors/michael-madowitz/
Yeah, to me it’s more of a ‘the fog has cleared’ but we still don’t see enough to move much.
Bonus points [extremely laudatory] for our macroeconomic future depends on figuring out childcare, which remains true and we love to make room for old white guys in this tent!
Bonus points [extremely laudatory] for our macroeconomic future depends on figuring out childcare, which remains true and we love to make room for old white guys in this tent!
February 3, 2026 at 2:16 PM
Yeah, to me it’s more of a ‘the fog has cleared’ but we still don’t see enough to move much.
Bonus points [extremely laudatory] for our macroeconomic future depends on figuring out childcare, which remains true and we love to make room for old white guys in this tent!
Bonus points [extremely laudatory] for our macroeconomic future depends on figuring out childcare, which remains true and we love to make room for old white guys in this tent!
This is the subtle one, the next one is…not
January 31, 2026 at 3:36 PM
This is the subtle one, the next one is…not
I would encourage everyone to just be cool, man, and don’t fuck this up
January 30, 2026 at 10:20 PM
I would encourage everyone to just be cool, man, and don’t fuck this up
The Fed’s independence is at stake. Warsh’s nomination should not reassure Americans those threats are behind us.
The costs of getting this wrong could be dramatic: higher housing & car costs, bigger barriers to starting a small biz & higher taxes w/ fewer benefits at every level of gov't.
7/7
The costs of getting this wrong could be dramatic: higher housing & car costs, bigger barriers to starting a small biz & higher taxes w/ fewer benefits at every level of gov't.
7/7
January 30, 2026 at 5:02 PM
The Fed’s independence is at stake. Warsh’s nomination should not reassure Americans those threats are behind us.
The costs of getting this wrong could be dramatic: higher housing & car costs, bigger barriers to starting a small biz & higher taxes w/ fewer benefits at every level of gov't.
7/7
The costs of getting this wrong could be dramatic: higher housing & car costs, bigger barriers to starting a small biz & higher taxes w/ fewer benefits at every level of gov't.
7/7
We may have a new class of corporate oligarchs in power, but this didn’t happen overnight. Decades of neoliberal policy have handed economic and political power to the few—including influence over institutions like the Fed. When power concentrates, democracy and equality erode. 6/7
January 30, 2026 at 5:02 PM
We may have a new class of corporate oligarchs in power, but this didn’t happen overnight. Decades of neoliberal policy have handed economic and political power to the few—including influence over institutions like the Fed. When power concentrates, democracy and equality erode. 6/7
Warsh was an unimpressive, surprising pick when G.W. Bush made him the youngest Fed governor 20 years ago—an oligarchy beta test. As @pkrugman.bsky.social notes, his father-in-law is Ronald Lauder, a top (Greenland-curious) Republican donor for decades (H/T Sam Bell) 5/7
A Bad Heir Day at the Fed
No, Kevin Warsh isn’t qualified
bit.ly
January 30, 2026 at 5:01 PM
Warsh was an unimpressive, surprising pick when G.W. Bush made him the youngest Fed governor 20 years ago—an oligarchy beta test. As @pkrugman.bsky.social notes, his father-in-law is Ronald Lauder, a top (Greenland-curious) Republican donor for decades (H/T Sam Bell) 5/7
Would Warsh push for lower rates amid rising inflation? Have his views shifted just when the party in power did, after decades of advocating to weaken the labor market, or is this more than a coincidence? Could it happen again? 4/7
January 30, 2026 at 5:00 PM
Would Warsh push for lower rates amid rising inflation? Have his views shifted just when the party in power did, after decades of advocating to weaken the labor market, or is this more than a coincidence? Could it happen again? 4/7
My concern comes later, as FOMC members cycle off and Fed independence must come from Trump appointees. Warsh's record during and after the 2008 financial crisis helped sideline a strong labor market for years. What would he do now? 3/7
January 30, 2026 at 5:00 PM
My concern comes later, as FOMC members cycle off and Fed independence must come from Trump appointees. Warsh's record during and after the 2008 financial crisis helped sideline a strong labor market for years. What would he do now? 3/7
Even if Warsh pursues monetary policy aligned with his recent public shifts and the administration—rather than his past record or changing economic conditions—he’d still struggle to deliver the low interest rates the president has repeatedly sought over the last year. 2/7
January 30, 2026 at 5:00 PM
Even if Warsh pursues monetary policy aligned with his recent public shifts and the administration—rather than his past record or changing economic conditions—he’d still struggle to deliver the low interest rates the president has repeatedly sought over the last year. 2/7
not immediate enough--he likely can't affect policy til he can get a majority in a couple years, so not enough incentive to generate a taco-sized swing immediately--not great!
January 30, 2026 at 1:55 PM
not immediate enough--he likely can't affect policy til he can get a majority in a couple years, so not enough incentive to generate a taco-sized swing immediately--not great!