James Lee

Jan 25, 2024 | brookings.edu | James Lee |David Wessel

In March 2023, the Federal Reserve responded quickly to the failures of Silicon Valley Bank (SVB) and Signature Bank. It joined other regulators in lifting the $250,000 per account deposit insurance for customers of those two banks, described in more detail in “How does deposit insurance work?”  This explainer describes other steps the Fed took. What is a lender of last resort?

Aug 8, 2023 | linkedin.com | James Lee

After an amazing time at Brookings, I'm excited to share that I will be attending the MIT Sloan School of Management to pursue an MBA this coming fall!I've learned so much while at Brookings and thank the team for the mentorship, camaraderie, and support. In particular, I'd like to thank Ben Bernanke, Olivier Blanchard, David Wessel, Louise Sheiner, and all the other RA's and scholars. It truly is a privilege to have contributed to quality, high-impact work in the economic policy space.

Jul 27, 2023 | brookings.edu | James Lee |Sam Boocker |David Wessel

The Federal Reserve’s primary tool for steering the economy is raising or lowering short-term interest rates. In recent years, however, the Fed and other central banks have embraced other tools, among them “forward guidance.” Forward guidance refers to central bank public communication about the likely future path of short-term interest rates, largely aimed at guiding financial markets. As Ben Bernanke, the former Fed chair, once quipped: Monetary policy is 98% talk and 2% action.

Jun 14, 2023 | thehill.com | James Lee

As a trade association and membership organization representing the interests of financial planners, the Financial Planning AssociationÒ (FPAÒ) believes in the power of financial literacy and wellness. For years, those in our professional community, including our members and national network of chapters, have worked in local communities across the nation to make financial education more readily available. And we are having an impact.

May 25, 2023 | brookings.edu | Elijah Asdourian |James Lee |Nasiha Salwati |Louise Sheiner

What’s the latest thinking in fiscal and monetary policy? The Hutchins Roundup keeps you informed of the latest research, charts, and speeches. Want to receive the Hutchins Roundup as an email? Sign up here to get it in your inbox every Thursday.