David Wessel
David Wessel
@davidmwessel.bsky.social
Director, Hutchins Center on Fiscal & Monetary Policy, Brookings Institution
https://www.brookings.edu/people/david-wessel/



And what risks the Fed itself sees:
- Asset prices "elevated"
- Household & business debt low and stable
- Hedge fund, life insurer leverage high
November 8, 2025 at 2:09 PM
Did you ask ChatGPT?
November 7, 2025 at 10:40 PM
The consensus -- Carmen Reinhart was particularly strong on this -- is that if central banks let fiscal authorities persuade or push them to keep rates low, the result is inflation. See Bernanke and Yellen on this www.nytimes.com/2025/07/21/o...
Opinion | Ben Bernanke and Janet Yellen: The Fed Must Be Independent
www.nytimes.com
November 7, 2025 at 5:15 PM