Claudia Sahm on Jerome Powell's growth and Fed policies
Krugman on early 2010s push on Fed to focus on recovery; 1980s introduction of near-rationality concept saving macro from RE
relievimg political pressure for strong fiscal policy, unlike March 2020 at time of CARES Act. Like 2011 after ARRA
Fed purchases of corporate bonds, including risky ones
Interest from banks and firms in Fed lending program not strong - major conditions, alternative funds sources
resistance from banks, Brainerd wants more limits. Updated stress tests
9 April 2020
Lael Brainerd and others calling for more automatic stabilizers to be enacted
William Cohan arguing against low interest rates as financial crisis risk
more worried about downturn risks since Great Recession
limits of monetary policy at Jackson Hole Conference
limited by low interest rates, low inflation, little hope of active fiscal policy
Judy Shelton's move to favoring low interest rates, stop paying banks for excess reserves - affects QE feasibility
Krugman review of _Firefighting_ book by Bernanke, Geithner, and Paulson
Dec 2018 end of ECB QE
Origo of Hungary - pressured then bought by Orban allies
midsize banks with $100m-$700m assets freer
Krugman: govt ran surplus during very slow recovery - perverse fiscal policy