Macro Musings with David Beckworth cover image

Kate Judge and Peter Conti-Brown on the Lessons Learned from the 2023 Banking Panic

Macro Musings with David Beckworth

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The History of Bank Supervision

The Fed and FDIC have notes that they are going to do their own internal reviews for reasons I think having more to do with controlling a narrative than with discovering the facts. They've already announced when the results will come. And it is quick, May 1st. But what we don't know in 2023 is the information that has been kept secret. The likelihood that they will release information that is incomplete or incorrect is sky high given the haste. That could distort our politics and our policy as we spend the rest of the time trying to figure out what they got right and what they got wrong through independent reviews.

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