David Wessel

David Wessel

Director, Hutchins Center on Fiscal & Monetary Policy, Brookings. Contributing correspondent, Wall Street Journal. Views in tweets are strictly my own.

84254 followers  •  859 follow  •    •   http://t.co/XaVfmFxeKu

@federalreserve  The FIMA facility allows foreign central banks to temporarily raise dollars by selling U.S. Treasuries to the Federal Reserve’s System Open Market Account and agreeing to buy them back at the maturity of the repurchase agreement. Details here.

Larry Hogan (R gov of Maryland) and Gretchen Whitmer (D gov of Michigan): What states need from Washington during Covid-19 health emergency

Treasury Secretary Steven Mnuchin has become Washington’s deal-maker in trying to keep the coronavirus crisis from throwing the U.S. into the deepest downturn since the Great Depression via @WSJ 

JP Morgan’s Joyce Chang: Based on our initial read of proposed language, we believe US airlines will apply for their share of $25bn in wage grants, but will not yet apply for the $25bn in loans.

COVID-19 is much more than statistics and graphs. This virus has a face. A volunteer effort to memorialize those we have lost

Agree with @BllGalston : Congress should create a 9/11 style commission of experts to prepare for future pandemics so we do better next time. My idea: Bill Clinton and George W. Bush could co-chair. via @WSJ 


George Conway: I thought, President Trump was boorish, dim-witted, inarticulate, incoherent, narcissistic and insensitive....Sunday left no doubt. Naivete, resentment and outright racism, roiled in a toxic mix, have given us a racist president

Steve Moore: “I’m kind of new to this game, frankly, so I’m going to be on a steep learning curve myself about how the Fed operates, how the Federal Reserve makes its decisions.” via

No reporter can truly capture what it’s like to interview Trump. Read the WSJ interview transcript here:

Transcript of judge's conference call in Census case following Trump tweets. Oy veh.

Miami family, owner of auto dealerships, donates $2.5 million to fund investigative journalism in south Florida. ‘Future is in peril’

CNN nat'l poll: Clinton 52 vs Trump 44 Clinton 47 vs Rubio 50 Clinton 48 vs Cruz 49 margin of error: +/- 3 n=1001

The time that each of the past 10 presidential elections was called. Via @washingtonpost 

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One can't really appreciate how Donald Trump thinks and talks in an interview with a newspaper reporter unless you read the transcript. Kudos to for posting this one. Worth reading w/a glass of wine for comfort. via

At 4.6% of GDP, the federal debt was larger than any year since 2012 when the unemployment rate was above 8%.