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Ferida Wolff writes: "May politics be put aside. Let’s see all Americans, regardless of our differences, as one people. And may we all enjoy the brilliance of light and color and connectedness in America." more »

Julia Sneden wrote: "Being outdoors on a humid North Carolina night amid fireworks and fireflies has become my favorite July Fourth memory. Oh, these days I am happy to watch the various displays on television, in air-conditioned comfort, but it can’t replace seeing my boys’ awed faces, or the sound of their “oohs” and “wows!” or the relaxed, casual feel of the impromptu crowd. It was Carl Schurz, a 19th century German immigrant who grew up to become a US Senator and later on was the Secretary of the Interior, who gave us the famous remark: 'My country, right or wrong: if right, to be kept right; and if wrong, to be set right.'  " more »

"The Internal Revenue Service announced today that more forms can now be amended electronically. These include people filing corrections to the Form 1040-NR, U.S. Nonresident Alien Income Tax Return and Forms 1040-SS, U.S. Self-Employment Tax Return (Including the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico) and Forms 1040-PR, Self-Employment Tax Return – Puerto Rico." "Taxpayers can also amend their return electronically if there is change to their filing status or to add a dependent who was previously claimed on another return." more »

"So, it should not have been a surprise that the policy rate would rise fast in 2022. Rate hikes would need to be larger and more frequent, relative to the 2015-2018 tightening pace, to get back to neutral. Looking back, should the Committee have signaled a steeper rate path once the liftoff criteria had been met? Perhaps another lesson is that giving forward guidance about liftoff should also include forward guidance about the possible path of the policy rate after liftoff." more »