140 – Craig Torres on Fed Transparency, Automation, and the Bear Stearns Bailout

Craig Torres is a reporter for Bloomberg News where has earned several rewards for his reporting on Fed policy. Previously, Craig also served as the chief of the Wall Street Journal’s Mexico City bureau, where his work on the collapse of the peso in the mid 90’s made him a finalist for the Pulitzer Prize in international reporting. He joins the show today to discuss some the stories he has written while reporting on the Fed and the economy. David and Craig also discuss the Fed’s increase in transparency under Jay Powell, the current state of U.S. monetary policy, and effects of automation on demographics and the economy.   Transcript for the episode: https://www.mercatus.org/bridge/podcasts/01112019/war-stories-fed   Craig’s Twitter: @ctorresreporter Craig’s Bloomberg archive: https://www.bloomberg.com/authors/AElDlyQuDPM/craig-torres   Related Links:   *New Blue-Collar Jobs Will Survive the Rise of AI* by Craig Torres https://www.bloomberg.com/news/articles/2018-11-01/new-blue-collar-jobs-will-survive-the-rise-of-ai   *Housing and Monetary Policy* by John Taylor https://pdfs.semanticscholar.org/83de/849c0eaaa1eaa720427e1e1ac0c4782bf693.pdf   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth