Kate Judge
@ProfKateJudge
Professor @ColumbiaLaw. Author, DIRECT @HarperBusiness. Research explores the Fed, banking and other forms of intermediation. Mom of two.
Fun fact in line this account from @JonathanJLevin: The power to call an FOMC meeting is vested in chair OR any three committee members. FOMC has to meet at least 4x per year, but there is no upper limit on meetings. bloomberg.com/opinion/articl…
"One theme around here is that the big multistrategy hedge funds — Citadel, Millennium, Point72, Balyasny, etc. — are slowly becoming what the big investment banks were 20 years ago." And yet, there are ZERO nonbanks designated systemically significant. bloomberg.com/opinion/newsle…
If you want a threat to Fed independence, this is it.
🚨 BREAKING: Treasury Secretary Scott Bessent demands a THOROUGH REVIEW of the "ENTIRE Federal Reserve System." YES. Audit the Fed. "All these PhDs over there, I don't know what they do!" "What we need to do is examine the entire Federal Reserve institution, and whether they…
Not really an overstatement to say that the test of a free society is whether or not comedians can make fun of the country's leader on TV without repurcussions.
If yesterday's news has you curious about Stephen Colbert, I highly recommend listening to this podcast. In conversation with Jesuit priest James Martin, Colbert opens up about his family, faith and much more. youtu.be/1p9Hx43P5yE?si…
Really important story. The situation is odd as CDFIs have bipartisan support.
The Trump administration is quietly killing a program that gives money to banks to lend within their communities🧵
When people ask me about various internet rumormongering, my first instinct is to ignore it in the same way the TV cameras don't show the streaker running on the field at Yankee Stadium. But for people who really do wonder about whether the Fed chair would do the opposite of…
Same name, same org, but we're doing some updating @employamerica Thankful to all who have supported us over the years and looking forward to your support and collaboration over the coming years.
Employ America was launched in 2019 to confront the policy failures in the wake of the Global Financial Crisis. Policymakers learned from their mistakes and avoided another jobless recovery after COVID, but shortages and inflation have revealed the limits of the old playbook 1/8
First time the Senate has confirmed a Comptroller of the Currency in 8 years.
Confirmed, 50-45: Confirmation of Executive Calendar #64 Jonathan Gould to be Comptroller of the Currency for a term of five years.
Marriner Eccles famously told FDR he would accept the post leading the Fed only if the institution could be reformed. The 1935 Banking Act that largely gave us today's Fed -- known as Eccles' bill as it moved through Congress -- was the result.
Dan Katz, Bessent's Chief of Staff, and his article on reforming the Fed gets a shout-out here. Dan cowrote it with @SteveMiran and discussed it on the pod in 2024 mercatus.org/macro-musings/…
"Waller Is Trump’s Best Option for Fed Chair: Jonathan Levin" @markets | Especially if Powell remains on the Board as governor through '28.... Duh. @POTUS @pulte
Barkin met with an executive who told him how he was succeeding in pushing along cost increases. Later during their chat, the executive delicately made a plea for lower rates. To highlight the tradeoff, Barkin hinted at a compromise. “If you agree not to increase prices anymore,…
Great article by @NickTimiraos and great illustration of the distinct and important role of the Reserve Banks in the Federal Reserve system. wsj.com/economy/tom-ba…
Got to love the qualitatively empirical Fed. More of this please
Great article by @NickTimiraos and great illustration of the distinct and important role of the Reserve Banks in the Federal Reserve system. wsj.com/economy/tom-ba…
Great article by @NickTimiraos and great illustration of the distinct and important role of the Reserve Banks in the Federal Reserve system. wsj.com/economy/tom-ba…
Sounds like the Committee for a Responsible Federal Budget is coming around to the OBBB: "In a massive fiscal capitulation, Congress has passed the single most expensive, dishonest, and reckless budget reconciliation bill ever – and, it comes amidst an already alarming fiscal…
This may be Powell's boldest move to date. Marriner Eccles spearheaded the Fed's 1935 restructuring and served as chair for almost 15 years when he decided to stick around as governor after Truman nominated a new chair. That's how we got the 1951 Accord. bloomberg.com/news/articles/…
Savaging the Supplemental Nutrition Assistance Program will mean millions more will go hungry. And it will trigger a cascading impact across other vital services. Also: harms to the food economy — farmers, processors, grocers and dependent workers will all be impacted too.
More than 40 million people relied on SNAP food assistance in 2024. The effort to shift costs to the states not only means that more people will go hungry, it also means cuts to other state-funded programs -- education, transportation, healthcare... bloomberg.com/news/articles/…
Don't miss the article by @ProfKateJudge, the Harvey J. Goldschmid Professor of Law at @ColumbiaLaw, in our 2025 Compendium! In her essay, Judge argues that a confluence of forces — from the softening of regulatory standards to an overreliance on government intervention in times…
This is the right decision. Financial privacy is an important issue and Congress should revisit how best to protect it in its efforts to fight tax evasion and money laundering. But absolutely no reason that crypto should get different rules. bloomberg.com/news/articles/…
