Nerd-Alert! News about former PIIE fellow Mark Carney:

More from PIIE's Maurice Obstfeld. See Chapt. 4, "Global Imbalances Redux" in CEPR's latest Paris Report 4: cepr.org/publications...

Latest Must Read from PIIE's Maurice Obstfeld: Don't blame America's current account deficit on the dollar www.piie.com/blogs/realti...

2025 was *a year* Our 2025 Annual Report is now live! Check out highlights from one of our busiest years ever:

The very awesome @aimewilliams.bsky.social joins the podcast this week to explain what has happened since Trump’s sweeping April 2, 2025 TARIFF announcement, including SURPRISES buried in the weeds of US import and export data, as well what comes next after that momentous SUPREME COURT decision.

Has it only been one year??? (Also, hi. Trade Talks is back)

Buy one. If only out of pity. And check out @soumayakeynes.ft.com and her trade songs sometime too......

🤓 BUCKET LIST 🤓 'HOW TO WIN A TRADE WAR' (my forthcoming book with the amazing @soumayakeynes.ft.com) is part of a New Year's Day sale thingie! Barnes & Noble Premium & Rewards Members get 25% off pre-orders Dec 30-Jan 1 only #BNPreorder Instructions Here: www.barnesandnoble.com/w/how-to-win...

NOW: @kclausing.bsky.social is speaking at @whitehouse.senate.gov's Environment and Public Works Committee spotlight forum on the many ways climate change is contributing to the affordability crisis. Read her prepared remarks: www.piie.com/commentary/t... Watch here: www.youtube.com/live/oegvS1R...

Petrochemical firm owners concentrate among corporations, geographically in China, the US, & Saudi Arabia—but ownership ≠ control. Chinese & other Asian investors exert significant control, while US investors have limited control from passive investments. Saudi Arabia fully controls its investments.

Latest must-read from PIIE's Chad P. Bown: Negotiating a win-win end to the lose-lose US-China trade war over technology and critical minerals www.piie.com/publications...

Latest from PIIE's Arvind Subramanian and co-authors: www.piie.com/publications...

Watch a discussion on this & more with @hamiltonproject.org & @budgetlab.bsky.social today at 1 PM ET here:

NEW: Jed Kolko finds the evidence on how AI is affecting the labor market today is inconclusive, & claims about harmful impacts on particular groups of workers are premature.

Trump's go-it-alone-approach on China trade hasn't worked says PIIE's Chad P. Brown, bringing the receipts. China has essentially stopped buying US exports www.piie.com/blogs/realti...

Must see TV! www.piie.com/newsroom/sho...

Breaking News Analysis from PIIE expert Alan Wm. Wolff: The Supreme Court's welcome ruling on Trump's tariffs www.piie.com/blogs/realti...

AGENDA UPDATE: At 12:30 PM ET, @adamposen.bsky.social will present new inflation forecasts from his recent collaborative work with Peter Orszag: "The Risk of Higher US Inflation in 2026." Stream it live below.

Latest from PIIE's Karen Dynan and David Wilcox! The COVID era inflation surge: Causes, consequences, and policy lessons www.piie.com/publications...

Latest from PIIE's Mazarei and Auclair: The America First investment pledges: How are they structured and are they realistic? (Spoiler Alert: May be less than meets the eye) www.piie.com/publications...

Supreme Court Appears Poised to Reject Trump’s Attempt to Immediately Fire a Fed Governor www.nytimes.com/2026/01/21/u...

Breaking news: The Post demanded in a court filing that federal law enforcement officials return electronic devices the government seized from a staff reporter’s home, writing that the search “ignores federal statutory safeguards for journalists.”

Recommended reading:Important words of wisdom from Carney globalnews.ca/news/1162087...

Latest must-read from Orzag and Posen: www.piie.com/blogs/realti...

Listen to this! PIIE's Posen tells NPR why Fed Chair Powell had to push back publicly against the federal criminal investigation. www.npr.org/2026/01/13/n...

The latest from PIIE President Adam S. Posen: www.bloomberg.com/news/article...

Jason Furman: Trump’s Attack on the Fed Is Already Backfiring www.nytimes.com/2026/01/12/o...

A group of central banks from around the world issued a statement in support of Jerome Powell, an unprecedented step that underlines how seriously they view the threat to the independence of the Fed on.wsj.com/3LcDi8H

Striking Fed support: GOP Senators Criticize Probe of Fed Chair Powell wsj.com

Good time to brush up on what the experts say on the topic: Central bank independence in practice www.piie.com/publications...

youtu.be/KckGHaBLSn4 Boom! Unprecedented Fed Mic Drop

Attempting to criminalize the actions of an independent public servant, Fed Chair Jay Powell, for the sin of acting independently is an outrage. It's bad economics, bad politics, bad for the rule of law, bad for the public sector, bad for American credibility and bad for Americans.

Some countries that have prosecuted or threatened to prosecute central bankers for the purpose of political intimidation or punishment for monetary policy decisions: Argentina, Russia, Turkey, Venezuela and Zimbabwe.

Tillis is spot on. The Senate can't confirm a Trump toady to succeed Powell at the Fed. The rest of the game is now out in the open, and it doesn't end well.

“This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions—or whether instead monetary policy will be directed by political pressure or intimidation” It’s about time the Fed took the gloves off www.federalreserve.gov/newsevents/s...

Whoa! Unusual times! DOJ threatens criminal indictment of the Fed. Chair Powell releases a video saying this is part of Trump's pressure on the Fed to lower rates. Time to re-read PIIE's Brief on the importance of Central Bank Independence in Practice: www.piie.com/publications...

Powell makes video statement on DoJ investigation of him: The threat of criminal charges is a consequence of the Fed setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President. www.federalreserve.gov/newsevents/s...

Fed Chair Powell fires back at latest Trump attack: “The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.”

“You can have volcanoes in the economy that you haven’t seen yet,” @adamposen.bsky.social says, referencing Emily Dickinson. Stablecoins are one: a latent threat that could erupt & trigger a financial meltdown. The lava could cause destruction reminiscent of what happened in 2008.

This major US financial stability risk has not been getting sufficient attention. So, I am using this feature I did with the Danish "Borsen" - in English - to try to raise this concern. If you find the argument clear and therefore worrying, please circulate, thanks. www.piie.com/commentary/o...

Check out our most read pieces of 2025 👇

Latest from PIIE's Gary Hufbauer: Trump's Thanksgiving tariff relief amounts to $35 per US household www.piie.com/blogs/realti...

Watch Live Now! Adam Posen on the economy one year after the US election www.piie.com/events/2025/...

Lawrence Summers speaking live now at PIIE’s conference on Central bank independence in practice www.piie.com/events/2025/...

Must See TV! Live now, PIIE’s conference on Central bank independence in practice www.piie.com/events/2025/...

"A new report finds H-1B holders contribute more to the U.S. economy than any other group. Targeting them could cost America dearly." Honored to speak with the brilliant Snigdha Sur of The Juggernaut for this story.

Latest from PIIE's Marcus Noland: US-China fentanyl deal could benefit the economy and save lives www.piie.com/blogs/realti...