Andrew Levin on the Costs and Benefits of QE4 and the Future of the Fed’s Balance Sheet
Macro Musings with David Beckworth
00:00
The Federal Reserve Should Be Able to Set Short-Term Interest Rates to Foster Price Stability
The Federal Reserve should be able to set short-term interest rates to foster price stability. The appropriate arm of the Congress that was created in the 1970s is the government accountability office, the GAO. In the 1970s, when the GAO was created, the Federal Reserve was effectively exempted from GAO oversight because it had a simple balance sheet.
Transcript
Play full episode
