Why did paying interest on reserves change monetary policy?

This is the second part of a two-part series featuring Leah Downey, a political economist at King’s College London and author of the new book “Our Money: Monetary Policy as if Democracy Matters.” 

Mark Blyth and Leah discuss what has happened at the Federal Reserve since they first talked about Leah’s book in May, what Leah’s book has to say about it, and what it all means for the future of central banks in the US and beyond.

Learn more about and purchase “Our Money: Monetary Policy as if Democracy Matters.”

Transcript coming soon to our website.