Neil Irwin
@Neil_Irwin
Chief Economic Correspondent at Axios and author of Axios Macro newsletter. Author of "The Alchemists" and "How to Win"; Formerly: NYT, WashPost.
For a sense of where things stand, I now receive e-mails with subject lines such as this: "How to play steady deterioration in Fed's institutional integrity? Macquarie strategist weighs in"
"That's me. I'm 72 years old, have about $50 million, a couple of grandkids, and the respect of my peers. I'm wearing a suit and tie and helmet on a 95° day with a guy who uses the most powerful perch on the planet to insult me all day. Life is a series of choices, huh?"
Fun fact: 20+ years ago, before I was a Fed reporter, I covered DC economic development and real estate for the Washington Post. I never envisioned knowledge acquired about the National Capital Planning Commission then would prove useful in my econ reporter life.
Powell has asked the new Fed inspector general to review its building project's costs and other matters the IG deems appropriate, I've learned, as Trump tries to weaponize the National Capital Planning Commission against the Fed chair. axios.com/2025/07/14/tru…
Wait but what if I was just asking extremely incisive questions?
the last couple of GPT-4o updates have made the personality too sycophant-y and annoying (even though there are some very good parts of it), and we are working on fixes asap, some today and some this week. at some point will share our learnings from this, it's been interesting.
"A country can attempt to go full autarky, or it can create competitive export firms that are high up the value chain and deeply integrated into global supply networks wherever necessary or advantageous. A country cannot do both." 🔥 from @LettieriDC agglomerations.substack.com/p/tired-of-win…
Great to read this piece by @Neil_Irwin on risks to safe harbor premium. Relates to @The_Budget_Lab work from last year (!) here, so a good time to re-up: budgetlab.yale.edu/news/240502/po…
Well, it's been a long day, time to check in to see how the ole' portfolio did…
Inbox: Biden economic adviser Daleep Singh returns to PGIM Fixed Income as chief global economist. pgim.com/press-release/…
Republicans on both sides of Capitol Hill want the administration to get moving on appointing a Fed vice-chair for supervision. (Note that with no governor vacancies Trump would either need to elevate Bowman or Waller to the job or persuade someone to resign).
Later today I'm moderating a discussion on the big year ahead in tax policy with these clever folks. Join us!
Today. Noon ET. Join us for this timely conversation on tax policy in 2025 with @The_Budget_Lab's @NatashaRSarin, @George_A_Callas @Arnold_Ventures and @Brendan_Duke @CenterOnBudget moderated by @Neil_Irwin @axios. Register here: yale.zoom.us/webinar/regist…
The Fed announced it has left the Network for the Greening of the Financial System, a group of global central bankers and regulators that focuses on climate and transition risks for the financial sector. Five governors voted in favor of leaving. Michael Barr and Adriana Kugler…
Applications for the Upshot's 2025 Fellowship are now open! Plz share widely with friends and withhold from enemies boards.greenhouse.io/thenewyorktime…
Excellent read here:
Forty years ago this week, an insurance salesman's debut novel began appearing on shelves around DC. That book was THE HUNT FOR THE RED OCTOBER. It launched Tom Clancy's publishing empire — with a nudge from The Post. Come with us on this deep dive… washingtonpost.com/history/2024/1…