November 08, 2023 | The Sling
Fixating on Credibility Rather Than Following the Data Discredits the Fed
![](https://therevolvingdoorproject.org/wp-content/uploads/2023/09/michael-barr.jpg)
September 18, 2023 | The American Prospect
The Federal Reserve Could Be a Powerful Weapon Against Climate Change
Activists are pushing Fed vice chair Michael Barr and his deputy Kevin Stiroh to force the financial sector to take climate change seriously.
![](https://therevolvingdoorproject.org/wp-content/uploads/2023/08/powell-podium.jpg)
August 29, 2023
Press Release: Revolving Door Project Decries Fed’s Lack Of Action On Climate Risk Mitigation At Jackson Hole Summit, Calls For Immediate Change Of Course
At the conclusion of the Kansas City Fed’s annual Jackson Hole Economic Symposium, Revolving Door Project Senior Researcher Kenny Stancil and Research Assistant Henry Burke released the following statement:
![](https://therevolvingdoorproject.org/wp-content/uploads/2023/08/35470697885_38940c3fa8_c.jpg)
August 24, 2023 | The American Prospect
Jay Powell’s Legacy Depends on Whether He Steps Up on Climate Risk
In advance of his Jackson Hole speech, the Fed chair has neglected his role of ensuring the safety and soundness of banks with substantial fossil fuel assets.
![](https://therevolvingdoorproject.org/wp-content/uploads/2023/04/Federal_Reserve.jpg)
April 26, 2023
Memo To Reporters: What The Fed's Self-Investigation Must Explore To Be Credible
The Fed report is being written by Vice Chair for Supervision Michael Barr, whose own failures ought to be among the report’s focuses.
![](https://therevolvingdoorproject.org/wp-content/uploads/2023/04/Herbert_Hoovers_birthday_celebration_Herbert_Hoover_National_Historic_Site_1874._2688d568fa0a4a8985df40e623938d4e.jpg)
April 18, 2023
How A Herbert Hoover Policy Got Wrapped Up In SVB And A Fed Opening
One of the flashing-red warning signs about SVB’s bad balance sheet was the huge cash advances it was taking out of the FHLBank system.
![](https://therevolvingdoorproject.org/wp-content/uploads/2022/01/Chair_Powell_presents_the_Monetary_Policy_Report_on_February_12_2020_DSC1069_49526374907.jpg)
April 06, 2023
We Have Always Been Right About Jerome Powell
Despite years of our best advice, and indeed the better judgments of Sen. Elizabeth Warren and other progressives in Congress, government watchdogs like Americans for Financial Reform (AFR) and others, nearly one year ago President Joe Biden disappointed his responsibility to the public and to his own economic agenda by renominating Donald Trump’s hand picked head of the Fed: Jerome Powell. Biden bafflingly stuck by Powell despite his years of betraying labor unions, environmental groups and frontline communities, and the middle class. As a result, broad coalitions of folks concerned about the climate crisis, about the long term safety and stability of our financial system, about attacks on labor and the working class, about housing insecurity and the long term impacts of the pandemic, mobilized against Powell’s renomination because his storied track record of, well, making each of these things (and more!) worse.
![](https://therevolvingdoorproject.org/wp-content/uploads/2021/01/michael-barr-2.jpg)
March 15, 2023
RELEASE: Michael Barr's Fintech Partnerships May Cloud Judgment Of SVB Autopsy
As of now, Barr is assigned to investigate supervisory failures that occurred under his watch featuring a bank that catered in particular to the crypto and fintech industries which Barr was so active in immediately prior to revolving back into government. Barr is a walking conflict of interest. His central role in the investigation is damning
![](https://therevolvingdoorproject.org/wp-content/uploads/2023/03/27065780661_54b255ce58_b.jpg)
March 08, 2023
Does Austan Goolsbee Still Blindly Trust Wall Street?
His defense of HAMP is that his hands were tied, but he seemingly went out of his way to handcuff himself.
![](https://therevolvingdoorproject.org/wp-content/uploads/2023/03/Clarida_swearing_in.jpg)
March 03, 2023
Media Continues To Rehabilitate Disgraced Former Fed Vice Chair
Insider-trading can’t keep Powell’s right-hand man from becoming CNBC’s new favorite expert.
March 02, 2023
Workers Beware: Biden’s Potential Fed Pick Prescribes Unemployment & Reduced Social Security Benefits
Karen Dynan has been reported as one of a few economists on Biden’s shortlist to replace Lael Brainard on the Federal Reserve Board of Governors. While her proponents have highlighted the Harvard-trained economist’s perfect centrist resume, her recent statements on how best to tackle inflation should concern workers and their allies. And this blithe analysis concerning unemployment should come as no surprise – Dynan, like Biden’s foils in the GOP, believes cuts to Social Security benefits are likely.
![](https://therevolvingdoorproject.org/wp-content/uploads/2023/03/Morgan_Stanley_Headquarters_48105951892.jpg)
March 01, 2023
We Don't Need A Morgan Stanley Economist On The Fed
The conflict of interest here would be self-evident.
September 23, 2022 | Revolving Door Project Substack
Hack Watch: So About Those Rate Hikes...
Few of the pundits who sprang to Jerome Powell’s defense last year have acknowledged that their analysis was exactly wrong.
![](https://therevolvingdoorproject.org/wp-content/uploads/2022/05/4401827762_876da99117_b.jpg)
May 16, 2022
Barr’s Stakes In 80+ Fintech Firms Raise Crypto And Consumer Protection Concerns
Most of Barr’s holdings are in firms backed by Nyca Partners, a fintech-focused venture capital fund built by Wall Street and Silicon Valley veterans which Barr has advised for years.
![](https://therevolvingdoorproject.org/wp-content/uploads/2021/01/michael-barr-2.jpg)
April 14, 2022
Blog Post CryptocurrencyEthics in GovernmentFederal ReserveFinancial RegulationFintechRevolving Door
Michael Barr is the Wrong Man to Stop the Next Financial Crisis
Over a decade after the financial crisis, few would still dispute that the revolving door between financial regulators and the financial industry helped pave the way for economic disaster. In the years preceding the crash, regulators who came from the country’s largest banks and planned to promptly return to them, removed regulatory restraints and turned a blind eye to the predictably dangerous effects (see, e.g. Robert Rubin and Alan Greenspan). In the next administration, different regulators drawn from the same well let the fraudsters off the hook and left the working people who had fallen victim to them out to dry.