Peter Conti-Brown
petercontibrown.bsky.social
Peter Conti-Brown
@petercontibrown.bsky.social
Associate Professor of Financial Regulation, Wharton; Nonresident Fellow, Brookings. Banking, central banking, financial history. Petercontibrown.substack.com
Today’s personal post is about a mentor whose deft correction of me, a cocky kid with authority issues, taught me a lot about parenting and leadership. Take a look!
January 2, 2026 at 8:23 PM
What are the FHLBs good for? Also, resilience in supervision, Flowers for Algernon, and why Train Dreams is the best movie of the 2020s.

open.substack.com/pub/petercon...
Monday Links: What are the FHLBs good for?
Thoughts on the Federal Home Loan Banks, supervisory resilience, SoFi's new stablecoin, Flowers for Algernon, Train Dreams, and 29 Day
open.substack.com
December 29, 2025 at 10:37 PM
A special multimedia post for today, the top 10 moments of Christmas 2025 featuring some original music, plenty of pictures, and a mandolin and classical guitar performance of O Come, O Come Emanuel, + some 6-year-old blue humored Mad Libs Take a look!

petercontibrown.substack.com/p/the-conti-...
The Conti-Brown Christmas Top 10
Merry Christmas from the Conti-Browns! We had a wonderful day, perhaps the best I can remember. Herewith, some of the top memories that made it so special.
petercontibrown.substack.com
December 26, 2025 at 7:34 PM
My father, Charlie Brown, lived a short and troubled life, leaving pain and trauma in his wake. In today’s Christmas Eve post, I describe coming to terms with his legacy.
December 24, 2025 at 7:32 PM
Monday links on Scott Bessent’s changes to the FSOC, debanking good and bad, biking through wind chill, and a recent narrated podcast for Faith Matters. Take a look:

petercontibrown.substack.com/p/monday-lin...
Monday Links: Not all debanking is created equal
Some thoughts on the new Financial Growth Oversight Council, the Fed's reversed hostility to novel banking, the OCC's unserious debanking report, lessons on cycling in the wind, and a guest podcast.
petercontibrown.substack.com
December 22, 2025 at 7:03 PM
In 2025 I changed my party affiliation from Democrat to independent. Today’s post explains why

open.substack.com/pub/petercon...
Declarations of Independence
In 2025, I changed my party affiliation from Democrat to independent, even though I have never been more alienated by the Republican Party. Today I declare that independence and explain it.
open.substack.com
December 19, 2025 at 11:32 PM
As the Fed chair sweepstakes enters its final days, the question for those of us who want to see a narrow conception of Fed independence survive is this:

What do the Kevins believe about the macroeconomy? Are they part of the Magic Beans Coalition? See below for the context and how we can know.
December 17, 2025 at 7:08 PM
What should we make of Miran's "inflation outlook"? I think the only real way to describe his views is to call it the Magic Beans Coalition in monetary policy. More on this and much else at the link below.
December 16, 2025 at 11:44 PM
This time of year I am thinking about goals and resolutions. Today’s personal post is about what I hope to accomplish in 2026 after a marvelous 2025. Link below.
December 12, 2025 at 7:04 PM
We’re heading into a potentially wild #FOMC meeting, plus thoughts on a recent Q&A on supervision with Randy Quarles, the digital euro, the scandal of Larry Summers, and Radiohead in Berlin. Take a look!👇
December 8, 2025 at 10:31 PM
My Newsletter has been a source of great joy and engagement over the past year. Today I describe some changes and reflections as I seek to ramp it up. I hope you’ll join me for the ride – we’re going to start cooking with gas. Link 👇
December 5, 2025 at 10:00 PM
What should we make of Sec Bessent’s proposal for a residency requirement for Reserve Bank Presidents? I’m sympathetic to the idea, but very skeptical of it in the present context. More below.
December 3, 2025 at 10:07 PM
Can Kevin Hassett lead the Fed? What is up at the BIS Innovation Hub? Should we be worried about a collapse in American religiosity? And more at today’s Monday roundup. Link 👇
December 1, 2025 at 8:57 PM
It’s the food holiday. My kids were playing the game “what is your last meal before they kill you” and asked me mine. Today’s post tells the stories behind my choices.
November 28, 2025 at 7:10 PM
I’m grateful for a lot this Thanksgiving. I write my list — about my research, my students, my health, my people — at the link below.
November 26, 2025 at 8:08 PM
Reposted by Peter Conti-Brown
Historian @petercontibrown.bsky.social on Warsh as Fed chair after recent op-ed praising Trump, pushing for rate cuts: "Warsh’s op-ed in the Wall Street Journal is hard to read. I mean that quite literally. I really don’t quite know what his point is."
Monday links: Does the Fed have "Broken Leadership?"
Thoughts on arguments that no one should take seriously from Kevin Warsh, the debates about bank supervision, the abuse of US sanctions, and a preliminary report on the Philadelphia Marathon
petercontibrown.substack.com
November 24, 2025 at 7:18 PM
Kevin Warsh, a leading Fed Chair candidate, wrote a strange op-ed. I comment on it, on changes in bank supervision, the abuse of financial sanctions, and my preliminary report on my successful (er, mostly; I still can't walk right) completion of the Philadelphia marathon. Take a look!
November 24, 2025 at 7:09 PM
It’s race day! And a chilly one for my first marathon in my beautiful home town of Philadelphia

Wish me luck, I probably won’t die.
November 23, 2025 at 11:34 AM
It’s Q&A time at the blog. I talk about conspiracy theories, how to find good bikes without blowing up your budget, the most critical factor in protecting a marriage (including an homage to my beloved NCB), and more. Take a look and let me know what you think!
November 21, 2025 at 10:13 PM
Reposted by Peter Conti-Brown
i think @petercontibrown.bsky.social has previously mentioned his opinion on this, and i am glad that he now write that out thoroughly

I increasingly agree with this sentiment
“The real failure here is not the seedy behavior of one unethical central banker, it is the failure of the entire Biden Administration to take central bank appointments seriously.” petercontibrown.substack.com/p/the-biden-...
The Biden Administration’s Federal Reserve Failures
The Biden Administration did not send the best central bankers. What will the Democrats learn from the experience?
petercontibrown.substack.com
November 19, 2025 at 10:00 PM
I think the Biden Administration’s record at the Fed is abysmal. Today’s post explains their former president’s legacy of failure.
November 19, 2025 at 9:00 PM
Here’s what’s on my mind as we start the week, from a new paper on the efficacy of bank supervision to sudden resignations at the Fed to a love affair with my race bike to my decidedly not love affair with my first upcoming marathon.
November 17, 2025 at 9:31 PM
The emotional and rhetorical posture of our day is exhausted, frenzied anxiety.

In today’s personal post, I respectfully dissent. Link in the comments below.
November 14, 2025 at 8:28 PM
There is a debate underway about whether supervisors should criticize bank managerial competence.

History supports that very long tradition. See more ar open.substack.com/pub/petercon...
Supervising Banker Competence: A View from History
There is a debate about whether bank supervisors should evaluate bankers’ managerial competence, versus focus on more "quantitative" measures. History is on the side of qualitative supervision
open.substack.com
November 12, 2025 at 7:30 PM
It's time for the monthly AMA -- send me your questions, it's my favorite post of the month.
November 10, 2025 at 9:42 PM