با برنامه Player FM !
George Selgin on Fed Master Accounts, Central Bank Independence, and the Fed’s Balance Sheet
Manage episode 420462501 series 2461388
George Selgin is a senior fellow and director emeritus of the Center for Monetary and Financial Alternatives at the Cato Institute. George is also a frequent guest of the podcast, and he rejoins Macro Musings to talk about some of the recent developments in the monetary and fiscal policy space. Specifically, David and George discuss recent updates regarding Fed master accounts, the problematic aspects of the Fed’s balance sheet, why a second Trump term would threaten central bank independence, and much more.
Transcript for this week’s episode.
George’s Twitter: @GeorgeSelgin
George’s Cato profile
David Beckworth’s Twitter: @DavidBeckworth
Follow us on Twitter: @Macro_Musings
Check out our new AI chatbot: the Macro Musebot!
Join the new Macro Musings Discord server!
Join the Macro Musings mailing list!
Check out our Macro Musings merch!
Related Links:
Caitlin Long’s tweet regarding the Fed’s special treatment for approving master accounts
*Public comments on the Proposed Guidelines for Evaluating Requests for Accounts and Services* by George Selgin
*Custodia Bank Inc v. Federal Reserve Board of Governors* Court documents from the Wyoming District Court
*Annual Report on Open Market Operations (2023)* by the Federal Reserve Bank of New York
*Trump Allies Draw Up Plans to Blunt Fed’s Independence* by Andrew Restuccia, Nick Timiraos, and Alex Leary
*Trump Advisers Discuss Penalties for Nations That Move Away From the Dollar* by Saleha Mohsin, Jennfier Jacobs, and Nancy Cook
*Hayek versus Keynes on How the Price Level Ought to Behave* by George Selgin
*The Menace of Fiscal QE* by George Selgin
*George Selgin on False Dawn: The New Deal and the Promise of Recovery* by Macro Musings
Timestamps:
(00:01:36) – Intro
(00:06:26) – Updates on Fed Master Accounts and the Custodia Case
(00:17:57) – Problematic Aspects of the Fed’s Balance Sheet
(00:22:50) – The Importance of the Overnight Unsecured Interbank Lending Market
(00:34:26) – Responding to the Jared Bernstein Incident
(00:46:33) – Donald Trump, Central Bank Independence, and Dollar Dominance
(00:56:54) – Outro
468 قسمت
Manage episode 420462501 series 2461388
George Selgin is a senior fellow and director emeritus of the Center for Monetary and Financial Alternatives at the Cato Institute. George is also a frequent guest of the podcast, and he rejoins Macro Musings to talk about some of the recent developments in the monetary and fiscal policy space. Specifically, David and George discuss recent updates regarding Fed master accounts, the problematic aspects of the Fed’s balance sheet, why a second Trump term would threaten central bank independence, and much more.
Transcript for this week’s episode.
George’s Twitter: @GeorgeSelgin
George’s Cato profile
David Beckworth’s Twitter: @DavidBeckworth
Follow us on Twitter: @Macro_Musings
Check out our new AI chatbot: the Macro Musebot!
Join the new Macro Musings Discord server!
Join the Macro Musings mailing list!
Check out our Macro Musings merch!
Related Links:
Caitlin Long’s tweet regarding the Fed’s special treatment for approving master accounts
*Public comments on the Proposed Guidelines for Evaluating Requests for Accounts and Services* by George Selgin
*Custodia Bank Inc v. Federal Reserve Board of Governors* Court documents from the Wyoming District Court
*Annual Report on Open Market Operations (2023)* by the Federal Reserve Bank of New York
*Trump Allies Draw Up Plans to Blunt Fed’s Independence* by Andrew Restuccia, Nick Timiraos, and Alex Leary
*Trump Advisers Discuss Penalties for Nations That Move Away From the Dollar* by Saleha Mohsin, Jennfier Jacobs, and Nancy Cook
*Hayek versus Keynes on How the Price Level Ought to Behave* by George Selgin
*The Menace of Fiscal QE* by George Selgin
*George Selgin on False Dawn: The New Deal and the Promise of Recovery* by Macro Musings
Timestamps:
(00:01:36) – Intro
(00:06:26) – Updates on Fed Master Accounts and the Custodia Case
(00:17:57) – Problematic Aspects of the Fed’s Balance Sheet
(00:22:50) – The Importance of the Overnight Unsecured Interbank Lending Market
(00:34:26) – Responding to the Jared Bernstein Incident
(00:46:33) – Donald Trump, Central Bank Independence, and Dollar Dominance
(00:56:54) – Outro
468 قسمت
Kaikki jaksot
×به Player FM خوش آمدید!
Player FM در سراسر وب را برای یافتن پادکست های با کیفیت اسکن می کند تا همین الان لذت ببرید. این بهترین برنامه ی پادکست است که در اندروید، آیفون و وب کار می کند. ثبت نام کنید تا اشتراک های شما در بین دستگاه های مختلف همگام سازی شود.