
Money and Computing
Reflections on Monetary Policy in 2021 By Federal Reserve Governor Christopher J. Waller or "How did the Fed get so far behind the curve?"
"When inflation broke loose in March 2021, even though I had expected it to run above 2 percent in 2021 and 2022, I never thought it would reach the very high levels we have seen in recent months. Indeed, I expected it would eventually fade, due to the nature of these shocks. All the suspected drivers of this surge in inflation appeared to be temporary: the one-time stimulus from fiscal policy, supply chain shocks that previous experience indicated would ease soon, and a surge in demand for goods. In addition, we had very accommodative monetary policy that I believed would end in 2022. The issue in my mind was whether these factors would start fading away later in 2021 or in 2022." more »
Stanford Medicine Study: Around age 13, Kids’ Brains Shift From Focusing on Their Mothers’ Voices to Favor New Voices
“Just as an infant knows to tune into her mother’s voice, an adolescent knows to tune into novel voices,” said lead study author Daniel Abrams, PhD, clinical associate professor of psychiatry and behavioral sciences. “As a teen, you don’t know you’re doing this. You’re just being you: You’ve got your friends and new companions and you want to spend time with them. Your mind is increasingly sensitive to and attracted to these unfamiliar voices.” In some ways, teens’ brains are more receptive to all voices — including their mothers’ — than the brains of children under 12, the researchers discovered, a finding that lines up with teenagers’ increased interest in many types of social signals. more »
Secretary Antony J. Blinken: It’s Impossible Not to Be Moved by What the Ukrainians Have Achieved
"We’re also making headway on ensuring that our diplomats reflect America’s remarkable diversity, which is one of our greatest strengths, including in our diplomacy. We have our first ever chief diversity and inclusion officer, who is spearheading an effort to analyze and address the obstacles that prevent underrepresented groups from joining and advancing at State. We’ve expanded the Pickering and Rangel fellowships and created, for the first time – thanks to the support of Congress and his committee – paid internships at State, along with strong congressional input and support for all of these efforts."
This week, I had the chance to testify before Congress and the Senate Foreign Relations Committee about the Biden administration’s proposed budget for… more »
Women's Congressional Policy Institute Weekly Legislative Update: Exempting Breastfeeding Women & Jury Duty; Update on Women’s Health, Mental Health, Homelessness”
Women's Congressional Policy Institute Weekly Legislative Update: Meeting Veterans’ Full Needs, Exempting Breastfeeding Women & Jury Duty; Update on Women’s Health, Mental Health, Homelessness; Women’s Business Centers Improvement Act of 2022, independent investigation & prosecution of sexual harassment, independent investigation and prosecution of sexual harassment under the Uniform Code of Military Justice.
Weekly Legislative Update
Apr… more »