Bill Nelson is a chief research officer and chief economist at the Bank Policy Institute. In Bill's 10th appearance on the show he discusses his infamous email list, the ratchet effect from QE, his congressional testimony, the BPI's Bank Treasurers Survey, how he thinks the Fed should shrink the balance sheet, whether the Fed is profitable, and much more.
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Recorded on March 3rd, 2026
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Timestamps
00:00:00 - Intro
00:02:00 - Quantitative Easing Ratchet Effect
00:16:31 - Bill's Congressional Testimony
00:31:12 - BPI's Bank Treasurers Survey
00:37:37 - How To Shrink the Balance Sheet
00:48:44 - The Fed's Profits
00:54:50 - Outro
