President & CEO @ChicagoFed, prof emeritus @ChicagoBooth, former Chairman @WhiteHouseCEA. I don’t speak for the Fed or others on FOMC.
Chicago
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This combines 2 things that tick me off: not checking data & not knowing The Simpsons
2023: Nuclear technician salary in IL: $93,210
4 bedroom house in Springfield IL: $220,000
Burns illegally put him in a job req. a nuclear phys degree so he went to college in season 5 ep. 3
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I lost my old man this week at age 81. A larger-than-life figure, he was my hero to the very end.
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Reminder that when unemployment is already 3.6%, adding 372,000 is a tremendous number.
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I was blessed beyond measure to have him as my father. I will miss him. But my wife, my kids and I will carry him with us forever.
Bye dad.
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And yes I know Groening said he named it after Springfield OR, but many Simpsons diehards still say it is actually Springfield IL: about an hour fr/ Shelbyville IL, on Lake Springfield, Mr Burns’ thank you note return address says IL and here’s the town squares side-by-side
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Remembering when Josh Angrist moonlighted as an Uber driver to get info for a paper (he got low ratings b/c passengers said he asked them too many questions).
Rando drunk Boston ppl driven around by a Nobel laureate studying incentives and human behavior is <kiss-fingers>
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A bit of personal take on the forthcoming jobs numbers:
chicagofed.org/tenthpresiden…
@ChicagoFed
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This morning, the @chicagofed introduced new labor market indicators that combine private sector data with official labor statistics to provide a real-time view of hiring, layoffs and other job separations, and an early forecast of the unemployment rate. chicagofed.org/research/data….
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After my dad died last summer, my mom decided to run for statehouse in Abilene TX on a platform of affordable health care.
Fast forward to yesterday: mom is now the dem nominee in TX-71. Way to go mom!
If you like spunky fighters, this is her secure.actblue.com/donate/li…
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AGI is a tax concept. The artificial intelligence people need to choose a different acronym.
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Important to consider the situation in other big economies, too, when thinking about what’s driving core inflation.
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My first ID.
26 yrs ago today, @UChicago put me on the payroll. I was not yet 26 then so it means I have now spent more than half my life here.
It has been a great blessing to be part of this place and to learn from so many.
#ThankYouChicago
@ChicagoBooth
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When I worked in Poland in 1990, I met a guy that served multiple years in prison for the crime of teaching free-market economics. He gave me copies of their samizdat that were mostly translations of economists’ writings like the Friedman/Samuelson Newsweek columns.
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Most know Paul Volcker as the legendary Fed Chair.
Fewer know how he loved cooking turkey for Thanksgiving & was a master at it. He never told me the secret recipe but hinted that port basting was key. So now I make gravy with port as an homage to the big guy
Happy Thanksgiving
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