Macro Musings with David Beckworth cover image

Paul Tucker on *Global Discord: Values and Power in a Fractured World Order*

Macro Musings with David Beckworth

00:00

Is the Fed Really Taking Care of Government Debt?

Hoover: The US effectively financed its operations via short-term floating rate. Bank of England is also wrestling with this issue, he says. You outline a proposal for a tiered operating system which would be one way to minimize the cost from having these balance sheets. Do you see any momentum or interest for such approaches in other parts of the world including the US? Hoover: No, so far, which I think is really interesting.

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