The History of Monetary Policy and the Role of a Federal Reserve Bank President

Charles Evans was a 31-year veteran of the Federal Reserve System, serving as a researcher, vice president, and, ultimately, president and CEO of the Chicago Fed from 2007 to 2023. Charles joins Macro Musings to talk about his past and ongoing work on US monetary policy. Specifically, Charles and David discuss his work as a regional bank president and a member of the FOMC, the creation and adoption of the Evans rule, the current path of R-Star, the future of the Fed’s framework, and more.

Transcript for this week’s episode.

Charles’s Chicago Fed profile

David Beckworth’s Twitter: @DavidBeckworth

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Related Links:

*Implications for the Federal Reserve’s MP Framework in the Future* by Charles Evans