Macro Musings with David Beckworth

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.

Former senior advisors Dan Katz and Stephen Miran discuss reforming the Federal Reserve's governance, highlighting issues such as the central bank as a debt manager, bank regulator, and personnel problems. They explore the Fed's reach, role in a zero lower bound environment, and the need for better monetary outcomes.

Richard Clarida, a professor of economics and former Vice Chair of the Federal Reserve Board of Governors, chats with David about his musical interests and debut album 'Time No Changes'. They discuss the inspiration behind the album, the recording process, and plans for future music projects.

Richard Clarida, former Vice Chair of the Federal Reserve, discusses the future of Fed's framework, FAIT, and R-Star. He reflects on bridging academic economics with real-world markets, his policy journey, and Fed's strategic planning post-pandemic. Clarida analyzes the adoption of FAIT in 2020, challenges at the zero lower bound, and predictions for bond yields and policy rates.

Saleha Mohsin, Senior Washington correspondent for Bloomberg News, discusses the intelligence tools of the US Treasury, the basics of SWIFT, and the effectiveness of US sanctions. They also touch on the importance of Robert Rubin and breakdown the Joint Comprehensive Plan of Action.