Macro Musings with David Beckworth

Josh Lipsky, senior director of the Atlantic Council’s GeoEconomics Center, discusses the evolution of financial statecraft, cross-border payments, and the implications for digital currencies. Topics include applying financial statecraft in conflicts, the future of wholesale CBDC in the US, advancements in Chinese cross-border payment systems, and the private sector's role in financial innovation.

Steven Kelly, Associate Director of Research at the Yale Program on Financial Stability, discusses the financial stability implications of the discount window with David Beckworth. They touch on issues with FHLBs, fixing reporting challenges, restarting term auction and liquidity facilities, and more.

Ernie Tedeschi, former White House economist, discusses political risks to US safe harbor premium, benefits of full employment, and trends in R-star. Topics include labor market metrics, soft landings in inflation, and implications of R-star movements on monetary policy. Ernie highlights the importance of productivity growth and efficient taxation for economic sustainability.

Former Federal Reserve Bank of Richmond President, Jeffrey Lacker, discusses Fed governance issues and lessons from recent inflation surge on Macro Musings. Topics include Fed restructuring, stress testing, oil price shocks' impact on economy, inflation targeting challenges, and recommendations for Fed policy review.

Chief Economist Mickey Levy discusses the need to reboot Fed policy ahead of the upcoming framework review. They talk about the impact of a flat Phillips curve, Fed's policy mistakes post-FAIT, and recommendations for the next review. They also touch on the importance of systematic policy rules and effective communication.

Lars Christensen, a market monetarist and AI entrepreneur, discusses dynamic pricing, AI in econometric analysis, impact of AI on the Fed, deflation as a response to AI productivity shock, and more in an engaging conversation with David Beckworth.

Ryan Bourne, from the Cato Institute, discusses the history of rent and price controls, dynamic pricing, root causes of inflation, and more. Topics include debunking economic myths, the importance of prices in economic coordination, exploring market supply chains, efficiency of price mechanism, consequences of price controls, impact of minimum wage increases, benefits of dynamic pricing, and understanding inflation dynamics and policy implications.

George Selgin, Senior fellow at the Cato Institute, discusses recent Fed master account updates, Fed's balance sheet concerns, risks to central bank independence under a second Trump term, and other monetary policy issues.

Roberto Perli, SOMA Manager at the NY Fed, discusses the Fed's balance sheet, overnight reverse repo facility, and why slowing down balance sheet runoff is crucial. They also cover quantitative tightening and recent Fed activities.

Mary Daly, President and CEO of the Federal Reserve Bank of San Francisco, discusses Fed policy, AI's economic impacts, and the Fed's future framework. They cover inflation trends, R-star trajectory, AI's long-term effects, upcoming Fed framework review, and prospects for nominal GDP targeting. Audience Q&A includes Fed policymaking during an election year.