Andrew Levin on the Costs and Benefits of QE4 and the Future of the Fed's Balance Sheet
Macro Musings with David Beckworth
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Introduction
Andy Levin is a professor of economics at Dartmouth College and a former longtime Fed official. Andy joins us today to discuss the cost and benefits of the Fed's QE4 program. The Federal Reserve tends to be too insular, he says; they don't think hard enough about what they're missing. And many of those things were really unfortunately missing from the new framework in August 2020.
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Transcript
