For a central banker, this is highest level class traitor material. Trump's greatest gift to the country.https://twitter.com/JWMason1/status/1364449357693677569 …
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I think he’s a lawyer by training, right?
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He seems to be someone willing to concede to reality and adjust to it the best he can with the power he has. He also seems to take his role as a public servant seriously.
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But capitalists' main reason not to have full employment, according to Kalecki, is political. It's to avoid workers becoming insubordinate. https://delong.typepad.com/kalecki43.pdf
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Or it could be the huge number of economists within the fed and academy that take the issue of inequality seriously.
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Also, hasn't spent a lot of time working directly for a big Wall Street firm such as a Goldman Sachs
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