Dan Katz and Stephen Miran on Reforming the Federal Reserve's Governance

Dan Katz and Stephen Miran on Reforming the Federal Reserve's Governance

Dan Katz and Stephen Miran are former senior advisors for the US Treasury Department and are currently adjunct fellows at the Manhattan Institute. Dan and Stephen have also written a new paper titled, *Reform the Federal Reserve's Governance to Deliver Better Monetary Outcomes,* and they join Macro Musings to talk about this paper and the proposed reforms for the Federal Reserve outlined in it. Specifically, Dan, Steve, and David discuss the ever-expanding reach of the Fed, its role as debt manager and bank regulator, the current issue with the central bank's personnel, and a lot more.

Transcript for this week's episode.

Stephen's Twitter: @SteveMiran

Stephen's Manhattan Institute profile

Dan's Twitter: @DanielScottKatz

Dan's Manhattan Institute 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:

*Reform the Federal Reserve's Governance to Deliver Better Monetary Outcomes* by Dan Katz and Stephen Miran

Timestamps:

(00:00:00) – Intro

(00:04:20) – The Fed's Issue of Picking Winners and Losers

(00:09:17) – The Fed's Role as Bank Regulator

(00:12:53) – The Ever-Expanding Reach of the Fed

(00:17:50) – The Fed as a Debt Manager

(00:23:33) – What Should the Fed Do in a Zero Lower Bound Environment

(00:27:26) – Personnel is Policy: The Issue with Fed Personnel

(00:29:55) – Options for Personnel Reform at the Fed

(00:38:22) – Making the Fed President Selection Process More Robust

(00:47:28) – The Nature of Debate at the Fed

(00:50:53) – The Scope for Change at the Fed

(00:53:21) – Outro

Avsnitt(540)

Jesús Fernández-Villaverde on the Quandary of Global Demographic Decline

Jesús Fernández-Villaverde on the Quandary of Global Demographic Decline

Subscribe to the new Macro Musings YouTube Channel! Jesús Fernández-Villaverde is a professor of economics at the University of Pennsylvania. Jesús returns to the show to discuss his rise on X, how t...

9 Mars 1h 4min

Chris Meissner on the History of Globalization

Chris Meissner on the History of Globalization

Subscribe to the new Macro Musings YouTube Channel! Chris Meissner is a professor of economics at University of California at Davis and is the author of the recent book One from the Many: The Global...

2 Mars 1h

Raghuram Rajan on the Impact of the Ratcheting Effect of The Fed's QE Program

Raghuram Rajan on the Impact of the Ratcheting Effect of The Fed's QE Program

Subscribe to the new Macro Musings YouTube Channel! Raghuram Rajan is a finance professor at the University of Chicago and leads the Group of 30. Previously he was the chief economist at the IMF and ...

23 Feb 1h 1min

Andrew Martinez on the Art of Forecasting

Andrew Martinez on the Art of Forecasting

Andrew Martinez is a former Treasure economist and currently is an assistant professor of economics at American University. In Andrew's first appearance on the show, he discusses his career as a forec...

16 Feb 55min

Dan Awrey on the Future of the U.S. Payments System in a Digital World

Dan Awrey on the Future of the U.S. Payments System in a Digital World

Dan Awrey is a professor of Law at Cornell University and the author of the new book Beyond Banks: Technology, Regulation, and the Future of Money. Dan returns to the show to discuss his new book, the...

9 Feb 56min

Scott Sumner on Monetary Policy Confusion in Our Current Policy Debates

Scott Sumner on Monetary Policy Confusion in Our Current Policy Debates

Scott Sumner is the Ralph G. Hawtrey Chair Emeritus of Monetary Policy and the founder of the Monetary Policy Program at Mercatus. Scott returns to the show, to discuss his life post Mercatus, nominal...

2 Feb 1h 5min

Tyler Muir on How to Understand the Fed's Quantitative Easing

Tyler Muir on How to Understand the Fed's Quantitative Easing

Tyler Muir is a professor of finance at UCLA. In Tyler's first appearance on the show, he discusses how he became a leading scholar on quantitative easing, what things the Fed can learn in responding ...

26 Jan 55min

Richard Berner on Growth of the Private Credit and the Role of Fiscal Dominance on Treasury Markets

Richard Berner on Growth of the Private Credit and the Role of Fiscal Dominance on Treasury Markets

Richard Berner is the former director of the Office of Financial Research and was a counselor of the Treasury Secretary. In Richard's first appearance on the show, he discusses a career that included ...

19 Jan 59min

Populärt inom Business & ekonomi

badfluence
framgangspodden
varvet
rss-jossan-nina
rss-svart-marknad
rss-borsens-finest
avanzapodden
uppgang-och-fall
rss-dagen-med-di
lastbilspodden
fill-or-kill
svd-tech-brief
rss-inga-dumma-fragor-om-pengar
24fragor
rss-kort-lang-analyspodden-fran-di
rss-den-nya-ekonomin
kapitalet-en-podd-om-ekonomi
dynastin
borsmorgon
rikatillsammans-om-privatekonomi-rikedom-i-livet