David Wessel on Muck Rack

David Wessel

Washington, D.C.
As seen in: Brookings Institution, The Wall Street Journal, Apple Podcasts, MSN, The New York Times, Financial Times, Nature, Washington Post Opinions, Soundcloud, Harvard Business Review, MarketWatch, Chron and
Director, Hutchins Center on Fiscal & Monetary Policy, Brookings. My latest book "Only the Rich Can Play," the story of Opportunity Zones.
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Articles

What is a ‘reaction function’ in central banking? How does it differ from ‘forward guidance’?

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By Zixun Tan, David Wessel
| Brookings Institution
Federal Reserve Chair Kevin Warsh does not like forward guidance—the practice of a central bank telling markets and the public what it expects to do with interest rates in the future. “I don’t believe that I should be previewing for you what a future decision might be,” Warsh said at his confirmation hearing.
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Kevin Warsh Is Learning the Wrong Lessons From Alan Greenspan Original

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By David Wessel
| The New York Times Verified
You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load. Kevin Warsh Is Learning the Wrong Lessons From Alan Greenspan June 24, 2026, 5:02 a.m. ET Credit...Photo illustration by The New York Times Mr. Wessel is a longtime economics writer and a close observer of the Federal Reserve.
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Assessing Jerome Powell’s eight years as Fed chair

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By David Wessel, Zixun Tan
| Brookings Institution
The Hutchins Center on Fiscal and Monetary Policy at Brookings convened a retrospective on Jerome Powell’s eight years as Federal Reserve chair (2018-2026) on June 2, 2026. Following opening remarks from Glenn Hutchins, co-chair of the Brookings Board of Trustees, the conference featured a paper with lessons learned from the Powell years by Christina and David Romer, professors of economics emeritus at the University of California, Berkeley.
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