USC Valedictorian Speaks Out After University Cancels Graduation Speech msnbc.com/ayman-mohyeldi… via @msnbc

What I learned today: Manischewitz doesn't make Manischewitz-brand wine. It licensed the name to a wine-maker shortly after the repeal of Prohibition. nytimes.com/2024/04/19/bus…

China agrees to send two pandas to San Francisco Zoo in deal with San Francisco Mayor London Breed, who is in the midst of a 9-day, 5-city trip through the country. (China: Take that Washington!) wsj.com/world/as-washi… via The Wall Street Journal

Liz Truss has Lunch with the FT (which she brands as a friend of the deep state which she blames for her demise). Says, among things, she contemplated firing BoE governor Andrew Bailey. ft.com/content/8e0046… via @ft

Good, clear summary of @CEPR_org 'Monetary policy responses to the post-pandemic inflation: What happened' by Angel Ubide. VIDEO: youtube.com/live/z04lfeCUt…

Despite sanctions, Russia is still running a current account surplus and accumulating foreign assets.
Where is that money going? Gian Maria Milesi-Ferretti scours the data to try to answer that question. brookings.edu/articles/where… The Brookings Institution Hutchins Center

Truly beautiful

Chicago Fed's Austan Goolsbee calls R* -- the neutral rate consistent with stable prices -- 'R-Sasquatch,' because it's 'unobservable.'

Here is my big news. I am excited about leading @VOA, whose mission is so critical in the defense of journalism, free expression and truth. I am sad to leave Freedom House, but it will continue to prosper because it will always be a bulwark in defense of freedom and democracy.

The COVID-19 inflation episode: Lessons from emerging markets brookings.edu/events/the-cov… Monday, April 22, 9:30 AM EDT. In-person (advance registration required) and live streamed. The Brookings Institution Hutchins Center

Ben Bernanke's BoE report includes a very useful, clear primer about how central banks build and use economic models: 'The construction of economic forecasts' bankofengland.co.uk/independent-ev…

Let me make one last comment on my health before moving onto more important things…

I suffered another stroke Monday night that was hidden by all the vertigo and vomiting. My apologies to the Thayer Hotel at West Point – the room was a mess.

Three days later, I’m finding it

It took two decades, but here I am…the final person to join Twitter/X. I will be here as much as I can, but not all the time. I would love if you follow me as I wrap up my final story at the The Wall Street Journal, promote my new book, The Wolves of K Street, and share interesting thoughts.

IIF names Marcello Estevao as chief economist iif.com/About-Us/Press…

'In my experience, many policymakers produced their economic forecasts by working backwards from their preferred stance. This is an inversion of the way inflation targeting was meant to operate.' One of many gems in this amazing Andy Haldane piece @ft ft.com/content/475e1f…

A poll of 69 (mostly Wall Street) economists by The Wall Street Journal wsj.com/economy/where-…

Jamie Dettmer of @Politico reports from Ukraine: With Western support flagging, Ukrainians are losing the fighting spirit needed to push back Russia. politico.eu/article/why-uk…

Powell: 'The recent data have clearly not given us greater confidence and instead indicate that it is likely to take longer than expected to achieve that confidence' that inflation will return to 2%.

Miami Dade College students play 'The Fiscal Ship' and do their best to rein in federal debt, with David Wessel lending a hand.

Play here to test your own debt-shrinking skills ->fiscalship.org

Hey Miami: The Brookings Institution #Election24 initiative will be at Miami Dade Miami Dade College tomorrow (Tuesday, April 16) at 9:30 AM EDT. Join us.