Libsyn Directory

Matthew Klein on Recent Inflationary Trends and What to Expect in the Future

Release Date: 11/29/2021

Stephen Miran on Activist Treasury Issuance and the Monetary Policy Implications of a Second Trump Term

Macro Musings with David Beckworth

Stephen Miran is a former senior advisor to the US Treasury Department, a senior strategist at Hudson Bay Capital, and a fellow at the Manhattan Institute. Stephen is also a returning guest to the podcast, and he rejoins David on Macro Musings to talk about his recent paper with Nouriel Roubini titled, *Activist Treasury Issuance and the Tug-of-War Over Monetary Policy,* as well as his thoughts on what a second Trump presidential term would mean for the Fed and financial markets. Transcript for this week’s Stephen’s Twitter: Stephen’s Manhattan Institute David...

Carola Binder on the History of Inflation, the Fed Framework Review, and the Promise of Nominal GDP Targeting

Macro Musings with David Beckworth

Carola Binder is an associate professor of civic leadership and economics at the University of Texas at Austin, and she is the author of a new book titled, *Shock Values: Prices and Inflation in American Democracy.* Carola is also a returning guest to the podcast, and she rejoins David on Macro Musings to talk about this book and some recent work she has done on the Fed’s framework review. David and Carola specifically discuss the history of inflation in the US, the advantages of adopting a nominal GDP targeting regime, what to expect from the Fed’s upcoming framework review, and more....

Samim Ghamami on How to Reform the Treasury Market

Macro Musings with David Beckworth

Samim Ghamami is an economist at the Securities and Exchange Commission (SEC), where he has been working on reforming the US Treasury market, and he joins David on Macro Musings to talk about these efforts. Samim and David also discuss the long run path of interest rates, the basics of the Treasury market, Samim’s outlook for Treasury market reform, and much more. DISCLAIMER: Samim’s views are his own and do not represent those of his SEC colleagues, the commissioners, or the Chair. Transcript for this week’s Samim’s Twitter: Samim’s David Beckworth’s...

Kyla Scanlon on the “Vibecession”, the Vibe Economy, and the Path to Growing American Wealth

Macro Musings with David Beckworth

Kyla Scanlon is the founder of Bread, a financial education company where she brings economics to a wide and often younger audience, and is also the author of the book, *In This Economy? How Money and Markets Really Work.* Kyla joins David on Macro Musings to talk about a wide range of economic issues, including the case nominal GDP targeting, the basics of the “Vibecession” and the vibe economy, how to further build American wealth, and more. Transcript for this week’s Kyla’s Twitter: Kyla’s David Beckworth’s Twitter: Follow us on Twitter: ...

Sam Schulhofer-Wohl on How to Improve Treasury Market Resiliency

Macro Musings with David Beckworth

Sam Schulhofer-Wohl is the Senior Vice President and the Senior Advisor to the President of the Dallas Fed, Lorie Logan. Sam is a longtime veteran of the Federal Reserve System and has also previously served at the Minneapolis and Chicago Federal Reserve banks. Sam joins David on Macro Musings to talk about Treasury market resiliency issues, the floor system, the Friedman Rule, bank deposits, the monetary policy implications of labor migration across the United States, and much more. Transcript for this week’s Sam’s Dallas Fed Sam’s David Beckworth’s...

Nicholas Anthony on *Digital Currency or Digital Control: Decoding CBDC and the Future of Money*

Macro Musings with David Beckworth

Nicholas Anthony is a policy analyst at the Cato Institute’s Center for Monetary and Financial Alternatives, a fellow at the Human Rights Foundation, and is also a returning guest to the podcast. Nick rejoins David on Macro Musings to talk about a new book he has authored titled, *Digital Currency or Digital Control: Decoding CBDC and the Future of Money.* Specifically, Nicholas and David discuss the history of CBDCs, their challenges and drawbacks, Nick’s recommendations for the future, and a lot more. Transcript for this week’s Nick’s Twitter: Nick’s Cato ...

James Bullard on FAIT, Nominal GDP Targeting, and the Fed’s Upcoming Framework Review

Macro Musings with David Beckworth

James Bullard was the president and CEO of the Federal Reserve Bank of St. Louis from 2008 to 2023, and he is currently the dean of the Mitchell E. Daniels Jr. School of Business at Purdue University. James is also a previous guest of the show, and he rejoins David on Macro Musings to talk about his time at the Fed, FAIT, and the upcoming Fed framework review. Specifically, James and David also discuss how to improve the FOMC’s economic reporting, the case for implementing nominal GDP targeting, the future of R-star, and much more. Transcript for this week’s James’s St....

Josh Lipsky on Financial Statecraft, Cross-border Payments, and the Global Status of the Dollar

Macro Musings with David Beckworth

Josh Lipsky is the senior director of the Atlantic Council’s GeoEconomics Center. Josh joins David on Macro Musings to talk about the tools of financial statecraft, how they have evolved over the years, and their implications for digital currencies moving forward. Specifically, David and Josh also discuss how financial statecraft would be applied to a possible conflict with China, the current state of the cross-border payments system, the future of wholesale CBDC in the US, and much more. Transcript for this week’s Josh’s Twitter: Josh’s Atlantic Council David...

Steven Kelly on the Financial Stability Implications of the Discount Window

Macro Musings with David Beckworth

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 Steven’s Twitter: Steven’s blog: David Beckworth’s Twitter: Follow us on Twitter: ...

Ernie Tedeschi on Full Employment, the US Safe Harbor Premium, and the Current Path of R-Star

Macro Musings with David Beckworth

Ernie Tedeschi is the Director of Economics at the Budget Lab and is a visiting fellow at the Psaros Center for Financial Markets and Policy. Recently, Ernie was a chief economist at the White House’s Council of Economic Advisors, and he is also a returning guest to the podcast. Ernie rejoins Macro Musings to talk about the CEA and some of his recent work on the political risks to the US safe harbor premium and R-star. David and Ernie also discuss the benefits and healing properties of a high employment economy, Ernie’s favorite measures of the labor market, the current and past trends in...

More Episodes

Matthew Klein is the author of The Overshoot, a newsletter that helps readers make sense of the global economy. Matt is also a returning guest to the podcast, and rejoins Macro Musings to talk about the hot topic of inflation and its outlook. Specifically, David and Matt discuss what is driving trend inflation, Matt’s decomposition of the CPI, whether or not we should be worried about inflationary trends, and more.

Transcript for the episode can be found here.

Matthew’s Twitter: @M_C_Klein

Matthew’s Substack: https://theovershoot.co/about

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