Macro Musings with David Beckworth

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.

Josh Hendrickson, chair of the economics department at the University of Mississippi, discusses the Treasury Standard and global dollar dominance. Topics include state monopoly over money, dollar system path dependency, and the evolution of the U.S. dollar as the global currency.

Julia Coronado, President of MacroPolicy Perspectives, discusses productivity surge prospects, the Fed's soft landing, and commercial real estate market state. Topics include economic forecasting challenges, inflation analysis, economic trends, monetary policy dynamics, Texas's renewable energy growth, and the Federal Reserve's global implications.

Isabel Schnabel, Member of the Executive Board of the European Central Bank, discusses the ECB's new operational framework with David Beckworth. Topics include ECB structure, decision-making, asset purchase programs, central bank asset purchases, operational framework evolution, and rate anchoring strategies.

Andy Levin and Christina Parajon Skinner discuss the Fed's accountability to Congress, constitutional authority, need for diverse viewpoints, implications of Fed's balance sheet on national debt, recommendations for enhancing transparency, and importance of public confidence in Fed's independence.

Anat Admati discusses the US banking system, Basel III Endgame, post-financial crisis regulations, regional banking crisis fallout, and more. They explore the risks of 'too big to fail' institutions, teaching financial crisis concepts, balancing equity and insolvency, regulatory failures, liquidity and capital requirements, and corporate accountability in banking.