Macro Musings with David Beckworth8 Jul 2024

Steven Kelly on the Financial Stability Implications of the Discount Window

Steven Kelly is the Associate Director of Research at the Yale Program on Financial Stability and is also a returning guest to the podcast. Steven rejoins David on Macro Musings to talk about the financial stability implications of the discount window. David and Steven also discuss the issues with FHLBs, how to fix the challenge of reporting requirements, restarting the term auction facility and committed liquidity facilities, and much more.

Transcript for this week's episode.

Steven's Twitter: @StevenKelly49

Steven's blog: Without Warning

David Beckworth's Twitter: @DavidBeckworth

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