Staff Picks: A Memo from Miss Joy

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The Charles Hamlin papers include memos from Aryness Joy, an early Fed research assistant who helped create the cost-of-living index. Read more

Category: Staff Picks

Uncurrent Events: Martin’s Punch Bowl Metaphor

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The economic punch bowl: Fed Chair William McChesney Martin was the first Fed official to offer the concept of the Federal Reserve taking away the punch bowl just as the party gets going, which is shorthand for recognizing what a tough job it is to help guide the economy. Read more

Category: Uncurrent Events
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