FinRegRag
@finregrag
FinRegRag is a discussion of financial regulation by the scholars of the Mercatus Center Project on Financial Regulation.
FinRegRag has moved to Substack. open.substack.com/pub/finregrag/…
The dollar is still king, but the throne isn’t permanent. Former KC Fed president Thomas Hoenig warns: debt, inflation, & global mistrust are chipping away at dollar dominance. 📉 Reserve status is earned, not entitled. Read the full @FinRegRag post: bit.ly/4lpFtTc
Public comment on Proposal to Weaken Capital Rules for G-SIBs by @SheilaBair2013, @tom_hoenig, and Thomas Curry. finregrag.com/p/comment-on-p…
My colleague @RMLLowe has launched a new podcast with @tom_hoenig as her first guest. They discuss transparency. Fittingly, Hoenig emphasizes the importance of dissent--very on brand if you know his history! Link below.
A 2024 post by @tom_hoenig relevant to current discussions around Fed independence. Monetary Policy: Narrowing Discretion, Improving Outcomes finregrag.com/p/monetary-pol…
Excavation as a major cost driver of the Fed's HQ upgrade aligns with economist Andrew Levin's findings, as documented in @mercatus policy briefs and on @finregrag.
For sure, but there are good reasons to be concerned about it. I've written about how it highlights the need for a truly independent IG. finregrag.com/p/glass-houses…
I honestly have no idea how to feel about the HQ stuff. I read the Fed FAQs last week (quietly updated again yesterday, by the way) and thought they made sense. But when you put it this way, this does sound pretty nuts!
Guest post: Andrew T. Levin has written his own FAQs about the Fed's HQ upgrade. finregrag.com/p/faqs-about-t…
Guest post: Andrew T. Levin has written his own FAQs about the Fed's HQ upgrade. finregrag.com/p/faqs-about-t…
In fact, the spark that started this fire on the Fed's building project--Andy Levin's policy briefs and podcast appearances--was because of our interest in promoting a true IIG at the Fed. My colleague, @klahti, provides an overview of Andy's work. (2/n) finregrag.com/p/glass-houses…
Did Powell mislead Congress? Economist Andy Levin documents the gaps between Powell’s statements and the public record. finregrag.com/p/discrepancie…
Donald Trump said Jerome Powell should "resign immediately" if allegations from critics that the Federal Reserve chairman misled lawmakers about renovations at the central bank’s headquarters proved true bloomberg.com/news/articles/…
My new piece for @FinRegRag covers recent developments around the Fed's $3B HQ renovation and how it highlights the need for stronger oversight and accountability of the central bank.
How the Fed’s $3 Billion HQ Renovation Exposes the Need for an Independent Inspector General finregrag.com/p/glass-houses…
Listen to @Tom_Hoenig and @Jon_Hartley_ dive into the Fed, FDIC, and banking reform on the latest episode of the @HooverInst Capitalism and Freedom podcast. hoover.org/research/insid…
Powell’s testimony to Congress about the Fed’s $3B HQ renovation is facing new scrutiny. Prof. Andy Levin documents the gaps between Powell’s statements and the public record. finregrag.com/p/discrepancie…
Tom Hoenig on Bloomberg Markets: When $3.3 trillion in tax & spending cuts passes the Senate, it’s worth asking... what happens next? Former KC Fed president Hoenig breaks it down with clarity and calm. 📺 Watch: bloom.bg/40uNDky
The Fed’s $3B HQ renovation has triggered calls for Powell’s resignation and a congressional investigation. In this @mercatus brief, Andy Levin explains how an independent IG could have ensured accountability and prevented the cost overruns. mercatus.org/research/polic…
Jerome Powell says the Fed’s HQ needed a "serious renovation" but forgot the $24M overhaul 20 years ago? Andrew Levin fact-checks the Fed Chair’s $3B narrative, featuring new marble, VIP dining, and a water feature or two 💧 Read it at @finregrag: bit.ly/4nixKaF