David WesselVerified account

@davidmwessel

Director, Hutchins Center on Fiscal & Monetary Policy, Brookings. Contributing correspondent, Wall Street Journal. Views in tweets are strictly my own.

Washington, D.C.
Joined April 2009

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  1. Retweeted
    2 hours ago

    In 1863, Lincoln and the Republican Congress also added a 10th seat to the Supreme Court to blunt the power of pro-slavery Southern justices.

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  2. Retweeted
    3 hours ago

    1/2 The labor market is not painting an encouraging picture. The reduction in jobless claims has slowed a lot. At the rate of the past few weeks it would take ~3 years to go back to pre-recession levels. But things will likely slow down further. Last recession it took 6 years.

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  3. Federal debt policy in an era of low interest rates: A guide to the issues via Hutchins Center's Louise Sheiner and Kadija Yilla

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  4. Retweeted
    5 hours ago

    Show me a better back-to-back pair of tweets

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  5. ICYMI. Interesting line in FOMC minutes: “[T]he staff projection assumed that monetary policy would be even more accommodative than in the previous forecast in order to more fully reflect the revised consensus statement."

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  6. Second presidential debate between Trump and Biden on Oct. 15 will be virtual

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  7. Are we going to get answers to any of Susan Page’s questions?

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  8. Good question,Susan

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  9. Undo
  10. Retweeted
    21 hours ago

    It has nothing to do with market access - the Fed facility solves that and it's barely being used. States can't run deficits.

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  11. Where MMT coincides with conventional Keynesian wisdom, it’s correct. Where is original, it’s wrong. — Larry Summers

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  12. Retweeted

    Trump has gone to the Oval Office, over the objections of aides who wanted him to remain isolated in the residence while recovering from the coronavirus.

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  14. Retweeted
    Oct 7

    Welp. "In addition, most forecasters were assuming that an additional pandemic-related fiscal package would be approved this year, and noted that, absent a new package, growth could decelerate at a faster-than-expected pace in the fourth quarter."

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  15. Oct 7

    ..the Vice President shall immediately assume the powers and duties of the office as Acting President. — 25th Amendment to the U.S. Constitution

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  16. Oct 7

    Whenever the Vice President and a majority of...the principal officers of the executive departments...transmit to [the Senate and House] their written declaration that the President is unable to discharge the powers and duties of his office…

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  17. Oct 7

    South Carolina Senate Moves To Toss Up | The Cook Political Report

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  18. Retweeted
    Oct 7

    Fiscal policy is like a water cannon and monetary policy a squirt gun. To pivot away from fiscal policy is a substantial unforced error, putting the economy at risk.

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  19. Retweeted

    This may be one if the most touching and impactful endorsements you’ll ever see coming from a career military man and former Bush CIA Director who has been battling the effects of a severe stroke but is speaking out against Trump.

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  20. Retweeted
    Oct 7

    One of the Noble Laureates in Chem "During her sophomore year, while taking a course in general chemistry, she questioned her own ability to pursue a career in science, and considered switching her major to French. However, her French teacher suggested she stick with science."

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