Macro Musings with David Beckworth Brian Sack on the Fed’s Balance Sheet and How to Improve the Floor Operating System
May 1, 2023
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Introduction
00:00 • 5min
The New York Fed: A Macroeconomic Advisor's Perspective
04:40 • 3min
The Troika and the FOMC
07:57 • 2min
The History of the Fed's Markets Group
09:27 • 4min
The Transition From Policy Work to Investment Work
13:16 • 3min
The Fed's Tightening Cycle
16:17 • 4min
The Effects of QE on Financial Conditions
19:56 • 3min
How to Determine the Ideal Size of the Balance Sheet
23:22 • 3min
The Floor System and the FEDS Operating System
26:01 • 4min
The Importance of a Floor Operating System in the FED
30:12 • 2min
The Cost of QE on the Soma Portfolio
31:59 • 4min
The Floor System and the Fed's Reverse Repo Facility
35:37 • 2min
The Importance of Fed Liquidity
37:55 • 2min
Enhancing the Robustness and Resiliency of the Treasury Market
40:08 • 4min
The Future of the Standing Repo Facility
43:45 • 4min