Interviews & Media

•  L’Express. April 9, 2025. Quoted in "Donald Trump joue les Roosevelt de pacotille" : la leçon de Gary Richardson, économiste américain/ by Laurent Berbon. https://www.lexpress.fr/idees-et-debats/donald-trump-joue-les-roosevelt-de-pacotille-la-lecon-de-gary-richardson-economiste-americain-W256XF4UPRDWRIBQKKPSOW64TU/?cmp_redirect=true

• The Oregonian: OregonLive. April 8, 2008. Quoted in “Trump says Oregon congressman tried ‘to save our country’ with tariffs in 1930, ‘but it was too late’”  https://www.oregonlive.com/politics/2025/04/trump-says-oregon-senator-tried-to-save-our-country-with-tariffs-in-1930-but-was-too-late.html

• BBC World News America, April 8, 2025. Guest appearance to discuss the Great Depression on BBC World News America. Interviewed by Sumi Somaskanda.

• Associated Press. April 7, 2025. Quoted in “Trump says high tariffs may have prevented the Great Depression. History says different," by Will Weissert. https://apnews.com/article/trump-great-depression-smoot-hawley-tariffs-8c21caad30378a28a0798069585d5d9b

• Financial Times, April 4, 2025. Quoted in “Trump’s aggressive push to roll back globalization” by Sam Fleming and Delphine Strauss. 

https://on.ft.com/4clo0aB

• National Public Radio (NPR), March 6, 2025. Quoted in “Did tariffs contribute to the Great Depression? Here’s what to know” by Chandelis Duster. Https://www.npr.org/2025/03/06/nx-s1-5318076/tariffs-great-depression-explainer

• Bloomberg, November 20, 2024. Quoted in “Roots of Fed’s Independence Undermine Trump’s Search for Sway.” By Chris Anstey. https://www.bloomberg.com/news/newsletters/2024-11-20/federal-reserve-latest-roots-of-independence-undermine-trump-s-search-for-sway

• National Public Radio's Marketplace Morning Report, Sep 18, 2024. “November’s Fed meeting will move to avoid Election Day” by Nancy Marshall-Genzer. https://www.marketplace.org/2024/09/18/federal-reserve-meeting-elections/

• Financial Times, Aug. 20, 2024. Quoted in “Gold goes for it” by Aiden Reiter.

https://www.ft.com/content/b111b6ff-679a-4b1f-9c9f-63d511f10bc5

• Financial Times June 16, 2024. Quoted by “Bank of New York rebranding cuts ties to a fading Wall Street era” by Joshua Frankin, 

https://on.ft.com/3x6vm1K

• NPR Marketplace, July 17, 2023, Quoted in “The Rise of the Regional Fed Speech.” by Sabri Ben-Anchor,.  https://www.marketplace.org/2023/07/17/the-rise-of-the-regional-fed-speech/

• Cited as a Source in “No, the U.S. has never defaulted on its debt over failure to raise the debt ceiling” on VERIFY by Megan Loe, May 22, 2023. https://www.verifythis.com/article/news/verify/debt-ceiling/us-default-history-debt-ceiling-fact-check/536-fac80bee-680e-4ef9-a086-c02343cb1552

• CNN, May 19, 2023. Quoted in “What happens when $2 trillion is sucked out of the global economy? It may not be pretty.” By Julia Horowitz, https://edition.cnn.com/2023/05/19/economy/quantitative-tightening-global-impact/index.html

• NPR Marketplace, July 7, 2023Quoted in “I've Always Wondered … Why are Federal Reserve regional banks listed on U.S. currency?” by Janet Nguyen, https://www.marketplace.org/2023/07/07/why-are-federal-reserve-regional-banks-listed-on-u-s-currency/

• CNN’s Before the Bell. May 8, 2023. Quoted in “The Fed could be on the verge of repeating its 1970s mistake, Fed historian says,” By Julia Horowitz on. https://edition.cnn.com/2023/05/08/investing/premarket-stocks-trading/index.html

• Quoted in “Ron DeSantis’ baseless theory that the government wants to control people’s purchases” by Louis Jacobson in Politifact by the Poynter Institute on April 12, 2023. https://www.politifact.com/article/2023/apr/12/desantis-baseless-theory-government-wants-control/

• Quoted in “5 Causes of the Great Depression.” By Patrick J. Kiger on History.Com. Updated April 17, 2023. https://www.history.com/news/great-depression-causes

• Quoted concerning the Stock Market Crash during the Great Depression by David Roos in “Here Are Warning Signs Investors Missed Before the 1929 Crash,” for the History Channel. Republished March 27, 2023 (original December 20, 2018). https://www.history.com/news/1929-stock-market-crash-warning-signs

• Quoted in “Fact check: Central banks are publicly owned, not controlled by Rothschild family” By Molly Stellino in USA TODAY. March 1, 2023. https://www.usatoday.com/story/news/factcheck/2023/03/31/fact-check-false-claim-rothschild-family-owns-dozens-central-banks/11572271002/

• Quoted in “Two Banks Fail in Silicon Valley” by Mehdi Farahmand, Iran Press TV, March 18, 2023

• Quoted in “A “default on our debt” would be unprecedented in American history” by Louis Jacobson in Politifact by the Poynter Institute on January 11, 2023. https://www.politifact.com/factchecks/2023/jan/11/hakeem-jeffries/hakeem-jeffries-said-a-debt-limit-default-would-be/

• Quoted in “The British Pound Just Plummeted: What it means for the UK, tourists” by Kelly Kasulis Cho in the Washington Post, September 27, 2022. https://www.washingtonpost.com/world/2022/09/27/british-pound-drop-dollar-us-impact/

• Quoted in “The Federal Reserve’s 12 districts reflect an economy that no longer exists” by Justin Ho, on NPR’s web page. https://www.marketplace.org/2022/09/21/the-federal-reserves-12-districts-reflect-an-economy-that-no-longer-exists/ September 21, 2022.

• Quoted in “A Cautious Approach to Holiday Hiring,” on NPR’s Marketplace. September 22, 2022. Marketplace : NPR

• Quoted in “The lure of fishing, a Federal Reserve chair and Jackson Hole,” NPR’s Econ Extra Weekly Newsletter, by Nancy Marshall-Genzler, August 24, 2022. The lure of fishing, a Federal Reserve chair and Jackson Hole - Marketplace

• Quoted in “A History of Jackson Hole,” On NPR’s Marketplace Morning report, August 24, 2022. The history of Jackson Hole - Marketplace

• Quoted in “Why does the Federal Reserve raise rates in quarter percentages? Published in NPR Marketplace, I’ve Always Wondered …. By Janet Nguyen, April 22, 2022. https://www.marketplace.org/2022/04/29/why-does-the-federal-reserve-raise-rates-in-quarter-percentages/

• Quoted in “5 Causes of the Great Depression.” By Patrick J. Kiger on History.Com. March 10, 2022. https://www.history.com/news/great-depression-causes

• Quoted in “A Major Failure: Fed Under Fire for Trading Scandal.” by Colby Smith in the Financial Times, January 13, 2022. https://www.ft.com/content/196a59b8-e2fa-42f2-8d36-bb0beabc4b37

• Quoted in “Focus of Fed trading furor shifts to Powell’s activities” by James Politi in the Financial Times, October 21, 2021. https://www.ft.com/content/d358ec51-c47c-469b-8027-00a2332fdcd3

• Quoted in “Focus of Fed trading furor shifts to Powell’s activities” by James Politi in the Financial Times, October 21, 2021. https://www.ft.com/content/d358ec51-c47c-469b-8027-00a2332fdcd3

• Quoted in and interviewed for “How BlackRock Became The World's Largest Asset Manager” by Carlos Waters and Lindsey Jacobson on CNBC. October 13, 2021. 

• https://www.cnbc.com/video/2021/10/13/how-blackrock-amassed-over-9-trillion-in-managed-assets.html. On Youtube https://www.youtube.com/watch?v=ga_we_sOopk

• Quoted in “History taught the Fed a lesson. Will that be enough?”, on CNN’s Before the Bell, by Julia Horowitz, CNN Business, August 27, 2021. https://www.cnn.com/2021/08/27/investing/premarket-stocks-trading/index.html

• Quoted in Crusoe: Uma Ilha No Jornalismo, a Brazilian magazine online, in the article “O Que Vem Depois” (What Comes Next) by Duda Teixeira, concerning historical analogies of COVID and the Black Death, guilds, religious, and the potential long run impacts. 

https://crusoe.com.br/edicoes/162/o-que-vem-depois/

Interviewed on NPR’s Marketplace for the story “A President and his Fed Chair Clash: Sound Familiar” by Nancy Marshall-Genzer, October 27, 2020. https://www.marketplace.org/2020/10/27/a-president-and-his-fed-chair-clash-sound-familiar/

Quoted in the Financial Times, “Fed inflation shift raises questions about past rate rises,” by Jim Politi and Colby Smith, Aug. 27, 2020, https://www.ft.com/content/e1a3a865-1738-40b3-9180-2ca8f886f4f0

Quoted “Biden looks to former Fed Chair Yellen for economic advice” on CNBC by Jeff Cox, August 13, 2020.  https://www.cnbc.com/2020/08/13/biden-looks-to-former-fed-chair-yellen-for-economic-advice.html

Quoted in NPR’s Marketplace Morning Report, “If the Fed’s nominees were confirmed, could they change monetary policy?” by Andy Uhler, Jul 28, 2020 Heard on: Marketplace Morning Report. https://www.marketplace.org/2020/07/28/shelton-waller-federal-reserve-board-of-governors-nominees-senate-republicans/

Quoted in “The Fed Is Throwing Money Around. Not Everyone Is Reaping the Benefits.” By Jim Zarroli. June 10, 2020. https://www.wgbh.org/news/national/2020-06-10/the-fed-is-throwing-money-around-not-everyone-is-reaping-the-benefits

Quoted in “The Fed Helped Companies Borrow Money. Some Laid Off Thousands Anyway” on NPR EMPIRE KVRC. June 10, 2020. https://www.npr.org/2020/06/10/873190315/the-fed-is-throwing-money-around-not-everyone-is-reaping-the-benefits

Interviewed on NPR’s Marketplace with Kai Ryssdal (KRCW), May 13, 2020 and featured on NPR’s Marketplace blog www.marketplace.org.

Interviewed about the COVID contraction and historical parallels on China Central Television (CCTV), May 9, 2020. Interview aired on Xinwen Lianbo, CCTV-1’s principal news show (most widely watched news show in China and worldwide). 

• See: http://app.cctv.com/special/cbox/detail/index.html?guid=c64ad96b11764ee1a00874384eb0b8d3&vsid=C10616

• See also https://tv.cctv.com/v/v1/VIDErCckHn4cP6HhT2bVBFGv200510.html.

• Interview replayed or reprinted in numerous (over 50) news outlets in Asia including CCTV’s news blog, China National Radio (www.cnr.com) http://m.cnr.cn/news/20200510/t20200510_525083928.html, and SINA Finance (finance.sina.cn).

Quoted in the Wall Street Journal in the article “Small Business Loans” by Bob Davis, April 22, 2020. https://www.google.com/amp/s/www.wsj.com/amp/articles/small-business-loans-strip-clubs-cannabis-shops-need-not-apply-11587573925

My views on the economy discussed in Politifact by the Pointer Institute “How the 2008 and 2020 recessions will be different, and why that matters” by Louis Jacobsen. March 20, 2020.  https://www.politifact.com/article/2020/mar/20/how-2008-and-2020-recessions-will-be-different-and/

Quoted in Politifact, by the Pointer Institute “Despite rates at 0%, Fed still has tools available to stabilize the economy” by Louis Jacobsen. March 18, 2020. https://www.politifact.com/factchecks/2020/mar/18/joe-biden/despite-rates-0-fed-still-has-tools-available-stab/

Quoted in “3 lessons for today’s economy from former Fed chair PaulVolcker’s long and storied career” by Erik Sherman, Fortune, Dec. 10, 2019

Quoted in “Markets Are Betting That Good Things Come in Threes—Especially Rate Cuts” by Erik Sherman in Fortune. October 29, 2019. https://fortune.com/2019/10/29/fed-rates-cut-markets/

Quoted in “Why Trumps Wrong to Blast the Fed Over Chinas Currency Manipulation” by Scott Saloway, posted on Yahoo Finance, August 6, 2019. https://finance.yahoo.com/news/why-trumps-wrong-to-blast-the-fed-over-chinas-currency-manipulation-160148204.html

Interviewed in “Why an independent Fed is critical to the economy,” Yahoo Finance, August 5, 2019. https://finance.yahoo.com/video/why-independent-fed-critical-economy-134921078.html

Interviewed in “The Fed is Cutting Interest Rates: Why it Matters.” NPR’s All Things Considered with Michel Martin. August 3, 2019. https://www.npr.org/2019/08/03/747909506/the-fed-is-cutting-interest-rates-why-that-matters

Quoted in “A Guide to the Federal Reserve Board of Directors” by Janet Nguyen in NPR’s Marketplace. https://www.marketplace.org/2019/07/19/a-guide-to-the-federal-reserves-board-of-directors/

Quoted in “The fate of Trump’s economy now hinges on the Federal Reserve, the agency the president called ‘crazy’” by Heather Long in the Washington Post, June 6, 2019. https://www.washingtonpost.com/business/economy/trumps-trade-war-may-prompt-fed-to-cut-interest-rates/2019/06/06/3c9ec1a6-8899-11e9-98c1-e945ae5db8fb_story.html?utm_term=.9d86ff7a08cc

Marketplace Public Radio. Interviewed about the nomination of Stephen Moore to the Federal Reserve Board. Broadcast nationally on National Public Radio (NPR), Marketplace Morning Report. https://www.marketplace.org/shows/marketplace-morning-report/03282019-us-edition

Quoted by “Trump to nominate conservative Stephen Moore for Fed Board.” By Catherine Lucy, Martin Crutsinger, and Josh Boak, Associated Press. March 22, 2019. 

• Reprinted in the New York Times, https://www.nytimes.com/aponline/2019/03/22/us/politics/ap-us-federal-reserve-trump.html. 

• Washington Post https://www.washingtonpost.com/business/trump-to-nominate-conservative-stephen-moore-for-fed-board/2019/03/22/10524bc0-4ccd-11e9-8cfc-2c5d0999c21e_story.html?utm_term=.07f401e62ee2. 

• Deseret News, https://www.deseretnews.com/article/900061833/trump-to-nominate-conservative-stephen-moore-for-fed-board.html. 

• Virgin Islands Daily News http://www.virginislandsdailynews.com/ap/trump-to-nominate-conservative-stephen-moore-for-fed-board/article_30e81cc0-d044-5bc5-b931-85fbdb255ef7.html. 

• KTBS News https://www.ktbs.com/news/business/trump-to-nominate-conservative-stephen-moore-for-fed-board/article_2194170e-19c0-58b1-bba7-48e3059f0e0e.html. 

• Richmond Times Dispatch https://www.richmond.com/business/ap/trump-to-nominate-conservative-stephen-moore-for-fed-board/article_68ca22c6-0614-5471-9518-154db949ca4f.html

• Numerous additional news outlets (I stopped counting at 20).

 Quoted concerning the Stock Market Crash during the Great Depression by David Roos in “Here Are Warning Signs Investors Missed Before the 1929 Crash,” for the History Channel December 20, 2018. https://www.history.com/news/1929-stock-market-crash-warning-signs

Quoted in “Why small businesses shouldn't take on too much debt.” On CBS News Money Watch. November 26, 2018. https://www.cbsnews.com/news/why-small-businesses-shouldnt-take-on-too-much-debt/

Quoted in “For the U.S. economy, this could be as good as it gets.” By Irina Ivanova on CBS News MoneyWatch, October 29, 2018. https://www.cbsnews.com/news/this-gdp-growth-could-be-as-good-as-it-gets-for-the-economy/

Quoted “Donald Trump really could lower interest rates—here's how” by Irina Ivanova, CBS MoneyWatch.  October 18, 2018. https://www.cbsnews.com/news/donald-trump-really-could-lower-interest-rates-heres-how/

Quoted in “Federal Reserve keeps interest rate the same as Janet Yellen passes baton to Jerome Powell”by Heather Long in the Washington Post, January 31

Quoted in “Janet Yellen is on the way out. Trump can totally remake the Fed. Here’s why” by Andrew Van Dam in the Washington Post, December 12, 2017

Quoted in “Who is Jerome Powell, Trump’s pick for the nation’s most powerful economic position?” by Heather Long in the Wonkblog section of the Washington Post, October 30, 2017

Quoted in “Trump expected to nominate Powell for Fed chair” by Heather Long and Damian Paletta in the Washington Post, October 30, 2017

Quoted in “Jerome Powell, Trump’s pick to lead Fed, would be the richest chair since the 1940s.” In the Wonkblog section of the Washington Post by Heather Long. October 30, 2017.

Quoted and paraphrased in “FEDERAL RESERVE SYSTEM: Potential Implications of Modifying the Capital Surplus Account and Stock Ownership Requirement.” GAO-17-243: Feb 24, 2017. I am referenced as a past Federal Reserve historian. Note that at that time, I was the only former official Historian of the Federal Reserve System.

Quoted in “Ever wondered about the big plaque of Alexander Hamilton near Dupont Circle?” in the Washington Post by John Kelly. August 27, 2016. https://www.washingtonpost.com/local/ever-wondered-about-the-big-plaque-of-alexander-hamilton-near-dupont-circle/2016/08/27/6088d94a-6ad2-11e6-99bf-f0cf3a6449a6_story.html

Michael Weiss, "On the Record: Federal Reserve Historian Seeks to Expand Access to Central Bank Records," Southwest Economist, Publication of the Federal Reserve Bank of Dalls. March 6, 2014. Text of the article and audio from the interview available at: http://dallasfed.org/research/swe/index.cfm

Guest Speaker, "NPR Planet Money: Episode 505: A Locked Door, A Secret Meeting, and the Birth of the Fed," National Public Radio. January 9, 2014. http://www.npr.org/blogs/money/2013/12/20/255839292/episode-505-a-locked-door-a-secret-meeting-and-the-birth-of-the-fed

Interview with Atlanta Fed Public Affairs Department on History of the Atlanta Fed. https://www.frbatlanta.org/news/multimedia/2014/140512_richardson-centennial/transcript.aspx

Jun Im, Jessica Pratt, James Kim, "New University. News in Brief. Federal Reserve System Historian from UCI," http://www.newuniversity.org/2012/10/news/news-in-brief-week-5/.

Richmond Fed Hires Historian for Centennial Research. 7 KPLCtv.com, 11 Oct 2012

Quoted in “How to Play the Rescue” by Ben Levisohn in the the Wall Street Journal, 3 December 2011. Requoted in Yahoo! Singapore Finance December 3, 2011.

Quoted in “Huge Cuts Could Imperil Recovery, Economists Say,” by Megan Woolhouse, The Boston Globe, 3 Aug 2011

Quoted in “Good Job Guys! The Economy Tanks,” by Steffen Schmidt, Des Moines Register, 3 Aug 2011

Madison.com, 5 April 2011. “Why Sarah Palin is Smarter Than Harvard,” by Pete Formiller, discussed results from my editorial in the Economists’ Voice.

• Slate, December 1, 2009. “Smart Republicans, Stupid Democrats: If Democrats are the big spenders, why do Republican states get the money?” By Shankar Vedantam, discussed the results from my editorial in the Economists’ Voice.  Thursday, Dec. 2, 2010

• KBPK-FM, California Commerce. A thirty-minute interview by John McCauley bank regulation. Broadcast 22 March 2010 from 6:30 pm to 7:00 pm on 90.1 FM.

• Quoted in the Wall Street Journal, “Economists’ Views on Interest Rates, Housing Bubble.” January 12, 2010.

•  New York Times, December 1, 2009. “Republican States Benefit More From Fiscal Redistribution than Democratic Ones,” discussed the results from my editorial in the Economists’ Voice.

• Quoted in the New York Times, “Bailout Helps Fuel a New Era of Wall Street Wealth” by Graham Bowley, Page A1 (front page), October 17, 2009.

• Quoted in the New York Times, “Talking Business: 'Nice' Wasn't Part of the Deal” by Joe Nocera, Business Section p. 1, Aug 1, 2009.

• KBPK-FM, California Commerce. A thirty-minute interview by John McCauley discussing the financial crisis and the bank stress tests. Broadcast May 10, 2009 from 6:30 pm to 7:00 pm on 90.1 FM.

• Quoted in the Orange County Register, “The Great Depression in O.C.: Are the hard times back?” by Eugene Garcia, June 14, 2009.

• Quoted in the Washington Post, “The Shadow of the Depression,” by Robert Samuelson. March 16, 2009.

• Quoted in the Orange County Register, “UCI Expert: Stimulus Could Bring Cleaner Air to the OC,” February 18, 2009. By Pat Brennan.

• KBPK-FM, California Commerce. A thirty-minute interview by John McCauley discussing contemporary globalization and its historical parallels in the late 19th and early 20th centuries. Broadcast January, 2009 from 6:30 pm to 7:00 pm on 90.1 FM. 

•  Quoted in Collecting My Thoughts, “The Coming Depression,” Wednesday, December 17, 2008. http://collectingmythoughts.blogspot.com/2008/12/coming-depression-instead-of-calling-it.html

• KBPK-FM, California Commerce. A thirty-minute interview by John McCauley further discussing the financial crisis in the fall of 2008 and its parallels with the Great Depression. Broadcast December 13, 2008 from 6:30 pm to 7:00 pm on 90.1 FM.

• Quoted in the Mortgage Insider, “Our financial system ripe for more disasters,” November 3, 2008, By Mathew Padilla. Mortgage Insider - http://mortgage.freedomblogging.com/422

• Quoted in “The Great Depression - how close are we?” October 27, 2008, by Jack Kelly. CompliancEX - http://compliancex.typepad.com/compliancex/

• Quoted in College OTR, “College Professor Calls Economic Crisis Worse Than it was in the 1930s.” October 20, 2008.  http://www.collegeotr.com/college_otr/uci_professor_calls_economic_crisis_worse_than_it_was_ in_the_1930s_experts_like_current_situation_to_great_depression_13

• Quoted in San Francisco Chronicle, “The Great Depression – How Close Are We,” 20 Oct 2008, Carolyn Said

• Quoted in the San Francisco Chronicle, “Fed chief guided by lessons from Depression,” Sunday, October 12, 2008, by Carolyn Said.

• Quoted in the Boston Globe, “The Big Three,” October 3, 2008, by Steven Syre

• Quoted in the Boston Globe, “Rescue no cure-all for underlying flaws,” October 6, 2008, by Robert Gavin

• KBPK-FM, California Commerce. A thirty-minute interview by John McCauley discussing the financial crisis in the fall of 2008. Broadcast October 5, 2008 from 6:30 pm to 7:00 pm on 90.1 FM

• The Motley Fool. “You Can't Stop These Stocks,” Aug 30, 2008. Discusses long run prospects for stocks of branded products.  http://news.moneycentral.msn.com/ticker/article.aspx?Feed=FOOL&Date =20080830&ID=9082695&Symbol=GIS

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