Macro Musings with David Beckworth cover image

Macro Musings with David Beckworth

Peter Williams on Interest Rates, Term Premium, and the Importance of Inflation Expectations

Mar 4, 2024
Explore the market perspective on interest rates, term premiums, and monetary policy with Peter Williams. Learn about estimating term premiums, the future of R-star, the importance of inflation expectations, and more in this insightful discussion.
57:25

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Market perspective on interest rates and Treasury markets
  • Importance of fiscal policy in maintaining economic stability

Deep dives

Market Perspective on Interest Rates and Monetary Policy

Peter Williams, a managing director of Mackerel Economic Research at 22V Research and a former IMF and World Bank economist, shares insights on interest rates, treasury markets, and monetary policy. He discusses his transition from academia to the private sector, highlighting the different perspectives and challenges. Williams emphasizes the importance of considering the market's reaction to data releases and Fed meetings, indicating the market's focus on short-term horizons compared to policy or academic settings.

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