#FedValentines

What a special day! CPI and Valentine’s Day.

Today’s post shares some #FedValentines classics. Yes, this is a thing on Twitter. And yes, they are great fun. Enjoy!

Federal funds rate …

ChicagoFed @ChicagoFed

To raise, or not to raise? That is the question... #FedValentines

What’s old is new again. Raising rates was also a thing in 2019. Why? Unemployment was ‘too low.’ Sound familiar?

Tim Duy @TimDuy

I expect relationship conditions will evolve in a manner that will allow for only gradual increases in my feelings for you. #fedvalentines

Raising rates was a thing in 2016 too, but not 75s.

Tom Petruno @tpetruno

I will love you forever At least that's my best forward guidance for now #FedValentines

Forward guidance might be even less successful in romance than in monetary policy. And that’s saying a lot.

The labor market …

Neel Kashkari @neelkashkari

Roses are red Violets are blue Last year I said there’s slack in the labor market Today it’s still true #FedValentines

That’s from when Neel was still a dove, and 3.5% unemployment was good.

Heidi Shierholz @hshierholz

Roses are red A claim grounded in fact Unlike when people Claim there is a skills gap #FedValentines

Amen! Also, Heidi has an excellent new piece, “The Federal Reserve must back off interest rate hikes before it’s too late,” with Josh Bivens and Elise Gould. cc FOMC.

Balance sheets, banking, and bailouts …

Melinda Jacobs @melindakjacobs

best one yet: I'd like to borrow you overnight and then hold you to maturity. #fedvalentine

That one is my favorite.

Minneapolis Fed @MinneapolisFed

Roses are red You're the wind in my sail It's time to address Too Big To Fail Happy Valentine's Day from @MinneapolisFed #FedValentine #EndingTBTF

ClevelandFed @ClevelandFed

Haven’t gotten a card for your valentine yet? We’ve got you covered! And, consider subscribing to our e-newsletter to stay up to date all year long: clefed.org/CFD #FedValentines #ValentinesDay2021

Most Fed Reserve Banks join in the fun. Maybe someday, the Board too?

Prices …

Ivan the K™ @IvanTheK

Roses are red Daffodils are yellow The Consumer Price Index May harsh your mellow #FedValentines

I suspect that one will sadly be fitting for CPI Day today.

Binyamin Appelbaum @BCAppelbaum

Roses are red / Violets are blue / I bought lots of violets / To make the roses cheaper for you #FedValentines

Jesse Minneman @JAMinneman

Inflation must be zero because my love for you is all real. #FedValentine

Awww, sweet. I’d also be happy with 2% inflation and 4% wage growth.

So many more …

That’s only a small sampling. Today, if you search #FedValentine and #FedValentines on Twitter, I am sure you will find lovely new ones.

Here are some notable 2023 one …

Jeff Horwich @JeffHorwich

Roses are red Violets are blue Please land soft in my arms Just as vacancies do #FedValentines 💘 minneapolisfed.org/article/2022/u… via @MinneapolisFed

minneapolisfed.orgU.S. job matching holds up, keeping a soft landing in sight | Federal Reserve Bank of MinneapolisA prominent narrative says labor market mismatch after COVID makes high unemployment inevitable as the Fed tightens policy. Our economist finds otherwise.

Ernie Tedeschi @ernietedeschi

The Administration doesn’t comment on #FedValentines.

ben @mavsfan0041

Damn girl, are you Jerome Powell? Cuz you raised my fed funds rate off the zero lower bound #FedValentines

Neel Kashkari @neelkashkari

Roses are red Violets are blue In 2017 I compared Bitcoin to Beanie Babies My apology to Beanie Babies is long overdue #FedValentines

Darcy @DarcyDraeger

Roses are red Rate hikes are wack Listen to @hshierholz Don’t break the economy’s back ❤️ Happy Valentine’s (and CPI) Day ❤️ #FedValentines msnbc.com/opinion/msnbc-… via @MSNBC

msnbc.comOpinion | The Federal Reserve must back off interest rate hikes before it’s too lateInflation is decelerating rapidly, and the more pressing risk is an economic slowdown.

Kate Davidson @KateDavidson

I anticipate that ongoing increases in my love for you will be appropriate, and it is likely to remain elevated for some period of time. #FedValentine ❤️