@ptwall

Communications @MinneapolisFed. RT ≠ E. Views are my own. Also: ptwall@threads.net. Likes: Internet, data, UX, nature, hiking.

minneapolisfed.org
Joined May 2008
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  • Following2.4K
  • Followers381
42Media
Congratulations to Robert E. Hall and Michael Woodford on winning the @NobelPrize in Economic Sciences. In our 2014 interview with Woodford, he spoke about Fed mandates, effective forward guidance, and cognitive limits in human decision making. Read more bit.ly/4s2akcn

Interview with Michael Woodford | Federal Reserve Bank of Minneapolis

Columbia University economist on Fed mandates, effective forward guidance and cognitive limits in human decision making

minneapolisfed.org
The Nobel Prize
@NobelPrizeOct 12
BREAKING NEWS The Royal Swedish Academy of Sciences has decided to award the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Robert E. Hall and Michael Woodford “for microeconomic foundations of macroeconomic stabilisation.” #NobelPrize
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Our 2010 Interview with Hall where he spoke about labor market dynamics, financial frictions, monetary policy and dating a recession. bit.ly/47kA7TJ

Interview with Robert Hall | Federal Reserve Bank of Minneapolis

Stanford University economist on labor market dynamics, financial frictions, monetary policy and dating a recession

minneapolisfed.org
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Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said Sunday that the tariff fight with Canada could extend U.S. inflation, should the tense trade dynamic that came to a head in recent days between the historically allied countries continue. cbsn.ws/4gOJMr2

Kashkari says inflation could be extended "the longer there's back and forth" in Canada tariff fight

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said the tariff fight with Canada could extend U.S. inflation, should the tense trade dynamic between the historically allied...

cbsnews.com
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Statement on my FOMC Dissent A gradual tightening of policy now is preferable to a bolder action later Read President @neelkashkari's full statement here: bit.ly/4w0EHQO
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Paul Wallace retweeted
Jeff Horwich@JeffHorwichJul 15
Registration is live for "Unboxing the New Economics of Trade" on Aug. 4! Excited to have two top @MinneapolisFed research economists, Doireann Fitzgerald & @tradewartracker Mike Waugh. Looking forward to lots of smart questions from our online audience. minneapolisfed.org/events/20…
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Economic activity in our district is up. But this time Joe & Ron go deep on the farm sector, where we've been relaying hard times for a while. Researching this latest Beige Book, we heard farmers are making some tough calls just to stay in business.
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President @neelkashkari will be participating in a panel discussion at the 2026 Bank of Korea International Conference. This event will be livestreamed on our site 12:50am-2:20am CT. Watch here: minneapolisfed.org/live

Live | Federal Reserve Bank of Minneapolis

Watch live video of speeches and events

minneapolisfed.org
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President @neelkashkari spoke with CNBC Asia Wednesday during a visit to Japan to attend the Bank of Japan's policy conference. View here: cnb.cx/4nTm13d

Watch CNBC's full interview with Minneapolis Fed President Neel Kashkari

Neel Kashkari, Federal Reserve Bank of Minneapolis president and CEO, joins Squawk Box Asia on the sidelines of the BOJ-IMES Conference in Tokyo to discuss his outlook on inflation, working with new...

cnbc.com
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Minnesota auto insurance rates really surged in recent years, and are still pretty high relative to other states. What happened? The answer includes “billion dollar” storms and higher wages at body shops, according to Senior Writer @SoundsLikeToWin. bit.ly/4tZ1CLp
Illustration of a red arrow rising sharply over a map of the United States, with a car on top. The arrow is pointed toward Michigan. In the background, stormy clouds and lightning are visible.

ALT Illustration of a red arrow rising sharply over a map of the United States, with a car on top. The arrow is pointed toward Michigan. In the background, stormy clouds and lightning are visible.

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Congratulations to @Simon_Mongey who was awarded the 2026 Frisch Medal (presented by @econometricsoc) along w/ co-authors @AdrienBilal, @NiklasEngbom, and Giovanni Violante for their paper “Firm and Worker Dynamics in a Frictional Labor Market.” Read more: bit.ly/42JRues
Headshot of Simon Mongey

ALT Headshot of Simon Mongey

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LIVE NOW: President @neelkashkari is participating in a discussion at a St. Paul Area Chamber event. This conversation is moderated by B Kyle, president and CEO of the @SPACC. Tune in to the livestream: minneapolisfed.org/live
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"One lesson is don't over-learn the lessons of history, especially recent history." - Donald Kohn of @BrookingsInst, part of our distinguished panel reflecting on the recent inflation episode and featured in our latest Quarterly Review. bit.ly/4sg6POQ
The image is a cover slide for a presentation titled "The Macroeconomic Causes and Consequences of Inflation" by Donald Kohn, Guido Lorenzoni, Lucrezia Reichlin, and Mark Watson. The Federal Reserve Bank of Minneapolis logo is in the top right corner beside the letters "QR" and the words "Quarterly Review".

ALT The image is a cover slide for a presentation titled "The Macroeconomic Causes and Consequences of Inflation" by Donald Kohn, Guido Lorenzoni, Lucrezia Reichlin, and Mark Watson. The Federal Reserve Bank of Minneapolis logo is in the top right corner beside the letters "QR" and the words "Quarterly Review".

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Why I Dissented Read President Kashkari’s most recent essay explaining why there is too much uncertainty to suggest the next rate adjustment will be a cut: bit.ly/3OR7Heu
The image shows Minneapolis Fed President Neel Kashkari in a suit and tie, superimposed on a background featuring US dollar bills and silhouettes of people walking.

ALT The image shows Minneapolis Fed President Neel Kashkari in a suit and tie, superimposed on a background featuring US dollar bills and silhouettes of people walking.

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LIVE NOW: President @neelkashkari is participating in a fireside chat at @NorthernMichU in Marquette, Michigan. The conversation is being moderated by InvestUP Michigan CEO Marty Fittante. Tune in to the livestream here: minneapolisfed.org/live
A modern building with a reflective facade is set against a sunset sky. In the foreground, there's a calm river lined with autumn trees. Superimposed on the right side is a graphic of a stylized eagle encircled by stars.

ALT A modern building with a reflective facade is set against a sunset sky. In the foreground, there's a calm river lined with autumn trees. Superimposed on the right side is a graphic of a stylized eagle encircled by stars.

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Paul Wallace retweeted
Face The Nation
@FaceTheNationMay 3
Minneapolis Fed President Neel Kashkari argues “we all need to be open-minded about where interest rates are going because there’s so much uncertainty coming out of the Middle East.” “I don't feel comfortable signaling that a rate cut is in the cards. In worse scenarios, we might have to go the other direction,” Kashkari tells @margbrennan.
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Kashkari: Fed may need to raise rates if Strait of Hormuz stays closed startribune.com/minneapolis-…

Kashkari: Fed may need to raise rates if Strait of Hormuz stays closed

The U.S.-Israeli war against Iran risks driving up inflation, the Minneapolis Fed president said.

startribune.com
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Paul Wallace retweeted
Face The Nation
@FaceTheNationMay 1
SUNDAY: President and CEO of the Minneapolis Federal Reserve Neel Kashkari joins us to discuss the outlook for the U.S. economy and the latest on the fight against inflation. Tune in at 10:30 am ET.
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How important is the AI boom to U.S. trade? Very! Our Monetary Advisor Mike Waugh/@tradewartracker (using AI to sift the data) finds AI-related products comprised 23% of U.S. imports in 2025 -- growing 73% in two years, versus 3% for all others. bit.ly/4cLJXRX
Line graph showing U.S. imports of AI-related products from 2022 to 2026. Three lines represent different product categories: "AI-Relevant (High)" in blue, "Aggregate" in gray, and "Not AI-Relevant (Low)" in red. "AI-Relevant (High)" rises significantly, ending at 210.5. "Aggregate" and "Not AI-Relevant (Low)" fluctuate less, ending at 103.6 and 86.1, respectively. The y-axis is a monthly index with 2023 imports as the base.

ALT Line graph showing U.S. imports of AI-related products from 2022 to 2026. Three lines represent different product categories: "AI-Relevant (High)" in blue, "Aggregate" in gray, and "Not AI-Relevant (Low)" in red. "AI-Relevant (High)" rises significantly, ending at 210.5. "Aggregate" and "Not AI-Relevant (Low)" fluctuate less, ending at 103.6 and 86.1, respectively. The y-axis is a monthly index with 2023 imports as the base.

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Why I Dissented In his recent essay, President @neelkashkari explains why there is too much uncertainty to suggest the next rate adjustment will be a cut. Read it here: bit.ly/3OR7Heu
The image shows Minneapolis Fed President Neel Kashkari in a suit and tie, superimposed on a background featuring US dollar bills and silhouettes of people walking.

ALT The image shows Minneapolis Fed President Neel Kashkari in a suit and tie, superimposed on a background featuring US dollar bills and silhouettes of people walking.

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Nonwage income accounts for ~40% of total personal income in the US. Understanding its sources is increasingly important as demographics shift and more households rely on income beyond wages + salaries. New in the latest issue of For All: bit.ly/4vy6KYY
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