Powell: Introductory Remarks

From federalreserve.gov

I am delighted and honored to introduce Professor Alan Blinder as this year's winner of the Daniel Patrick Moynihan Prize. The Moynihan Prize honors those who "champion the use of informed judgment to advance the public good."1 In the field of economics, I can think of no better example of such a champion than Alan Blinder. The very heart of his distinguished career has been advancing the use of informed judgment in economic policymaking. As Alan has observed, in our political economy, there exist two neighboring tribes, sharing common interests but separated by cultural and language barriers. On one side of the ... (full story)