))
Jeffrey Lacker on Fed Governance and Learning from the Recent Inflation Surge
Manage episode 425266423 series 3563504
Contenido proporcionado por David Beckworth and Mercatus Center at George Mason University. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente David Beckworth and Mercatus Center at George Mason University o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
Jeffrey Lacker is a senior affiliated scholar at the Mercatus Center, but has also previously worked at the Federal Reserve Bank of Richmond from 1989 to 2017, serving as its president from 2004 to 2017. Jeff is also a returning guest to podcast, and he rejoins Macro Musings to talk about Fed governance issues and the lessons learned from the recent inflation surge. Specifically, David and Jeffrey also discuss the issue of maximum employment, how the Fed could reform its governance structure, what the central bank should address during the next framework review, and more.
Transcript for this week’s episode.
Jeffrey’s Mercatus profile
Jeffrey’s website
Jeffrey’s Richmond Fed archive
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:
*Governance and Diversity at the Federal Reserve* by Jeffrey Lacker
*What Lessons Should the Federal Reserve Learn from the Recent Inflation Surge?* Presentation by Jeffrey Lacker at the 2024 UC San Diego Economics Roundtable Lecture Series
*Central Bank Undersight: Assessing the Fed’s Accountability to Congress* by Andrew Levin and Christina Parajon Skinner
*Reform the Federal Reserve’s Governance to Deliver Better Monetary Outcomes* by Dan Katz and Stephen Miran
*Don’t Audit the Fed, Restructure It* by Michael Belongia and Peter Ireland
*Restoring the Promise of Federal Reserve Governance* by Peter Conti-Brown
*Jim Hamilton on Econometrics, Energy Markets, and Low Interest Rates* by Macro Musings
Timestamps:
(00:00:00) – Intro
(00:04:35) – Jeffrey’s View on “Monetary Federalism”
(00:10:01) – Reducing the Number of Regional Fed Banks
(00:13:11) – Addressing Peter Conti-Brown’s Proposals for Fed Governance Reform
(00:18:23) – Addressing Andy Levin and Christina Skinner’s Proposals for Fed Governance Reform
(00:23:07) – Altering the Fed’s Responsibilities as a Bank Regulator
(00:29:21) – What Lessons Should the Federal Reserve Learn from the Recent Inflation Surge?
(00:36:14) – The Issue of Maximum Employment
(00:46:38) – Evaluating the Fed’s Response to the Recent Inflation Episode
(00:50:45) – What Should the Fed Be Addressing During the Next Framework Review?
(00:55:01) – Outro
468 episodios
Compartir
