Alex Amster's Public Sentiments

A lawyer by training, Powell spearheaded the Fed’s response to the 2014 flash crash in Treasury debt and the overhaul of the flawed London Interbank Offered Rate benchmark. He’s also been the point person at the Board of Governors for handling such unglamorous-yet-essential duties as oversight of the financial payments system. Powell, who goes by Jay, served at the Treasury Department under President George H. W. Bush, eventually ending up as undersecretary for domestic finance. A multi-millionaire -- his 2016 financial disclosure form listed assets of as much as $55 million -- he spent much of his time outside the government working in the financial industry, first at investment bank Dillon Read & Co. and later at Carlyle Group, where he set up the private-equity firm’s industrial group.  

Federal Funds Rate: 4.25% - 4.50% * The interest rate at which depository institutions lend balances to each other overnight. * Serves as a primary tool for U.S. monetary policy. 10-Year Treasury Yield: 4.01% * The return on investment for U.S. government debt securities with a 10-year maturity. * Often used as a benchmark for other interest rates and economic sentiment. Secured Overnight Financing Rate (SOFR): 4.39% * A broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. * Serves as a benchmark interest rate for dollar-denominated loans and derivatives. S&P 500 Index: 5,738.52 * A stock market index tracking the performance of 500 large companies listed on U.S. exchanges. * Considered a key indicator of U.S. equity market performance. NASDAQ Composite Index: 15,587.79 * An index comprising over 3,000 stocks listed on the NASDAQ stock exchange. * Heavily weighted towards technology and growth companies. Consumer Price ...

February 17, 2025: I’m paying closer attention to Fed policy than ever before—not just because it affects markets, but because it directly impacts people my age trying to start our financial lives. So when Fed Governor Christopher Waller said more interest rate cuts might be appropriate even with political uncertainty from the Trump administration’s policies, I found it refreshing. Waller seems to be saying that the Fed needs to trust the data, not the headlines. That matters, because uncertainty is always part of the economic picture, and waiting around for it to disappear is just unrealistic. Waller’s comments stand in stark contrast to Governor Michelle Bowman, who’s still urging caution due to inflation concerns. I get it—persistent inflation isn’t something to take lightly, especially when the Consumer Price Index (CPI) just jumped back to 3%. But Waller’s point—that the Fed has acted decisively before in uncertain moments like the Ukraine invasion or the 2023 banking scare—is v...

Here is a list of links to fellow scholars who also have interesting dialogues about Public Intellectuals: Ariyana Fowler https://www.clickthisblog.com Simona Garcia https://simonaga2.wixsite.com/writ340 Makenzi Johnson https://makenzij.wixsite.com/makenzijohnsonblog/blog Earicka Jones https://eajonesmedia.wordpress.com/ Yeji Jong https://yejijong.wixsite.com/yeji Dylan Luden https://dylanluden4.wordpress.com/ Teddy Nissen https://teddysbrainblog.myportfolio.com Ransell Perez https://riperez2.wixsite.com/imchattin Jake Petroff jakepetroff.wordpress.com Luc Pham https://lookielube.wixsite.com/lpblogmelody Adrian Prieto https://adrianpr8.wixsite.com/my-site-1 Maddy Quinlan https://www.madeleinesmonologues.com/ Sophia Reed https://sophiareedwrit340.blogspot.com ChristiAnne Ross https://christianneross.wordpress.com/ Farhan Sajid https://fsajid2.wixsite.com/the-public-intellect Billy Tsiolis https://substack.com/@billytsiolis?utm_source=edit-profile-pag...

 Below is a list of references that allows for objective and accurate descriptions of Jerome Powell as a public intellectual: The New York Times The Wall Street Journal Financial Times The Economist Bloomberg The Washington Post Reuters CNBC NPR PBS NewsHour