Analyzing the Staffing Debate at the Federal Reserve

Andy Levin is a professor of economics at Dartmouth College and longtime advisor to many central banks. Andy returns to the show to discuss his policy brief on holding the Fed accountable for its spending practices.

Check out the transcript for this week’s episode, now with links.

Recorded on April 9th, 2025

Subscribe to David's Substack: Macroeconomic Policy Nexus

Follow David Beckworth on X: @DavidBeckworth

Follow the show on X: @Macro_Musings

Check out our new AI chatbot: the Macro Musebot!

Join the new Macro Musings Discord server!

Join the Macro Musings mailing list!

Check out our Macro Musings merch!

Subscribe to David's new BTS YouTube Channel 

Timestamps:

(00:00:00) – Intro

(00:00:50) – Andy’s Professional Background

(00:02:07) – Overstaffed or Overworked?

(00:04:09) – The Fed’s Extraordinary Independence

(00:10:10) – Inspector Generals and the Fed

(00:20:33) – The Fed’s Workers and Payroll

(00:37:35) – Updates to the Fed’s Headquarters

(00:48:24) – Other Fed Challenges

(00:56:26) – How to Improve the Fed

(00:58:24) – Outro