If anything he would be for tightening it, but I suspect his role is less about being a vote one way or the other.
The value he brings is in his data, knowledge & analyses - which he surely has from the Fed - on the scope and extent of AI's potential rrisks in capital sustainability, market stability and wage/job displacement
"Notably, in 1974, Federal Reserve chair Arthur Burns felt it necessary to make clear that high nominal interest rates would need to continue “for a time” as an anti-inflation measure;"
"A later chair, Paul Volcker, having presided over a period of very restrictive monetary policy, chose in March 1982 to make an explicit indication that nominal interest rates would and should fall in the period ahead."
A major reason why the new Fed chair is refusing to provide forward guidance, in a major departure from all(?) previous Fed chairs and will likely require textbooks to be rewritten.
I would be more surprised if they DIDN'T have anyone assessing the risk of an AI bubble. The report deals with characterizing how deeply embedded in the broader economy AI companies are, and the risks of heavy infrastructure investment, concentrated market power, reliance on private financing and potential shocks like supply chain disruptions, geopolitical tensions and electricity shortages. What is the issue (if any)?
Don't rule out another Cash for Clunkers. The 2009 program destroyed 1 in 300 cars on the road. The next one could be bigger. Also, 3 in 4 cars on the road today are now in states requiring emissions tests for your annual registration, which can pose a significant (and growing, as standards improve) obstacle for older cars.
Yes. Even conceding every point made in this article, RCTs are still the gold standard. The article points out that RCTs are often impractical, expensive or ethically challenging. Well, so is the gold standard of anything.
OP suggests that alternative methods like target trial emulation, propensity scoring and double machine learning can be used to approximate the conditions of an RCT using existing data. In saying so he gives away the tell, which is that RCTs are the standard being aspired to.
Observational data may well be undervalued. But RCTs are still the gold standard.
Competing with the SAT (58% market share) there is also the ACT (42%) and CLT, and competing with the AP (90%?) there is IB (10%?), so it's not clear how College Board is a "monopoly"
I did not realize the egg crisis was found to be price fixing operation.
As I recall during the whole thing the news was non-stop about how it was related to broad-based inflation, chicken culling for avian flu, etc. Seems like all that was a lie, or at least merely a half-truth.
> it seems nobody is enforcing consumer protections like they used to.
This is one of the benefits Realtors(tm) and other licensing boards (lawyers etc) like to tout - we have a code of ethics, we self-regulate, you are safer with them than with Joe Agent, blah blah. You see how that goes.