r*, u*, star of wonder, star of night

Author: Adam Button | Category: News

What Powell has been thinking about

Back in August, Fed Chairman Powell piled into off a ridiculous few months of global policymakers mulling about what neutral rates were, or r*.

Well that wasn't the only star on his mind. The WSJ writes that at the Fed's Christmas party this week, Powell and Vice Chairman Richard Clarida played and sang a duet on guitar.

It was a take on the Barenaked Ladies' version of "God Rest Ye Merry Gentlemen/We Three Kings"


The WSJ also revealed that the Fed's Clarida has a 12-track album that you can listen to on Spotify. Turns out he can really sing.


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