Macro Musings with David Beckworth Jeffrey Lacker on Governance at the Federal Reserve
Feb 12, 2024
Former president of the Federal Reserve Bank of Richmond, Jeffrey Lacker, talks about Fed governance issues including its evolving nature, increasing politicization, relationship with Congress, impact of governance practices on inflation surge, concerns about political influence and communication norms, effect of policy framework and forward guidance, integrity and active listening at the Fed, differentiation of credit operations and monetary policy, and regulatory limitations in the global dollar system.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 3min
Governance and Diversity at the Federal Reserve: Recognizing and Responding to Inflation Surge
02:44 • 21min
Concerns about Political Influence and Communication Norms at the Federal Reserve
23:43 • 3min
Analyzing the Effect of the Federal Reserve's Policy Framework and Forward Guidance
26:45 • 2min
Integrity and Active Listening at the Federal Reserve, and the Fed's Relationship with Congress
28:20 • 3min
Differentiating Credit Operations and Monetary Policy
30:58 • 22min
Regulatory Limitations and the Global Dollar System
53:15 • 3min