Podcasts about Monetary policy

In this episode of Passing Judgment, we delve into the high-stakes legal battle over the attempted removal of Federal Reserve Governor Lisa Cook. Jessica explains the Trump administration's push to fire Cook, the court's decision to reinstate her, and the looming emergency appeal. Tune in as we explore the legal protections for Fed governors, the fight over presidential power, and why this showdown could impact both the central bank's independence and the broader economy.Here are three key takeaways you don't want to miss:Legal Battle Over Federal Reserve Independence: Jessica discusses the attempt by the Trump administration to fire Federal Reserve Governor Lisa Cook. She explains this centers on whether a president can remove a sitting Fed governor and under what circumstances, which is a pivotal question about the independence of the central bank.The Law and Statutory Interpretation: The conversation delves into the Federal Reserve Act, which only allows removal of board members “for cause.” There's debate on what “for cause” means—whether it should be restricted to on-the-job misconduct or include actions before taking office. The district court judge sided with the narrower reading, that it should only pertain to conduct while in office.Due Process and Rights of the Removed Official: A significant part of the discussion is about whether Lisa Cook was given due process. The judge found she likely wasn't given adequate notice or opportunity to respond to the allegations, which could be a violation of her rights.Follow Our Host: @LevinsonJessica

Jon Hartley and Christopher Waller discuss monetary policy at the Fed, r-star, and the stance of monetary policy, the 2025 Federal Reserve framework review, quantitative easing and the size of the Fed balance sheet, the early 2020s inflation, and how payments are evolving since the passage of the GENIUS Act. Recorded on August 28, 2025. ABOUT THE SERIES Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information about the podcast, or subscribe for the next episode, click here.

Today our Governing Council decided on monetary policy. Listen to President Christine Lagarde present today's decisions. The statement also covers: • how the economy is performing • how we expect prices to develop • the risks to the economic outlook • the dynamics behind financial and monetary conditions Published and recorded during our press conference on 11 September 2025. Our monetary policy statement at a glance, 11 September 2025 https://www.ecb.europa.eu/press/press_conference/visual-mps/2025/html/mopo_statement_explained_september.en.html Christine Lagarde, Luis de Guindos: Monetary policy statement, 11 September 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2025/html/ecb.is250911~a13675b834.en.html Monetary policy decisions, 11 September 2025 https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.mp250911~6afb7a9490.en.html Combined monetary policy decisions and statement, 11 September 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/shared/pdf/ecb.ds250911~df624f06ba.en.pdf Macroeconomic projections, 11 September 2025 https://www.ecb.europa.eu/press/projections/html/ecb.projections202509_ecbstaff~c0da697d54.en.html European Central Bank https://www.ecb.europa.eu/home/html/index.en.html

Our western (Trauma Culture) economies run on two falsehoods - we might go so far as to call them lies. The first is that economies have to grow to be 'successful'.  The second is that government spending is limited by the tax take.  That is, they need to take money in as taxes in order to spend it out into the economy.  Both of these are untrue, and understanding that they are untrue, and the political forces of ignorance and mendacity that keep them in place, is essential to our moving forward into a future that works. We cannot continue to maintain the death cult of predatory capitalism. We cannot continue with a Zombie economy that extracts, consumes, destroys and pollutes as if there were no consequences.  So what do we do? Both ecological economics and Modern Monetary Theory have been around for a while.  Degrowth theory is more recent, but it's being taken more seriously. What I haven't seen up till now is a fusion of these: a set of policy ideas worked out in which we acknowledge how money actually works, and look at how a national -or global - economy could be structured to lead us forward into a world where people and planet flourish together. I don't think this is the final destination, but it's definitely a step on the way. Our guest this week is someone particularly well positioned to answer these questions.  Colleen Schneider is a Doctoral student in Social-Ecological Economics & Policy in Vienna. Her key research areas: Ecological Economics, Environmental Justice, Monetary and Financial Systems in a Post-Growth Economy, Climate Policy.  She says, "I take a sociological and anthropological approach to understanding money as fundamentally a social relation. Money, and the monetary system (as with our economic system) are things we've created, and can create otherwise. I draw on historical examples to help understand how the institutional structure of the monetary system and our ideas about money came to be what they are, and to challenge those. [I seek to] de-naturalize money and point to ways to structure the monetary system as democratized, and (at least somewhat) localized -to realize money as a public good. I focus more specifically on how monetary and fiscal policy can be directed toward meeting human needs within environmental limits, while maintaining macroeconomic stability."So this is the focus of today's conversation.  This is a field about which I am passionate - I absolutely believe that if everyone understood how money actually works in our current world, a lot of the power inequities that we currently experience would end.  We have endeavoured to minimise the use of jargon, though we did talk about monetary and fiscal policy and I wanted to make it clear that Monetary Policy is about keeping prices stable - about using interest rates to influence inflation, that kind of thing . Fiscal policy is about the spending decisions - do we have austerity or don't we, do we fund social goods or don't we, do we decide to pour money into the military, or don't we… and the nature of taxation - what rates do we levy, what are the bands and what loopholes do we leave wide open so our friends can escape paying taxes altogether - while everyone continues to pretend that government spending is limited by the tax take. Which is nonsense. Taxation is about levelling the playing field. It's not about paying for the NHS. So there we go. Colleen spends her entire life working in this field, producing fascinating papers and a chapter in a forthcoming book that completely blew me away. So she speaks to these things far more eloquently and intelligently than I can.  Enjoy! Colleen on LinkedInColleen's papers: How to Pay for Saving the World - https://www.sciencedirect.com/science/article/pii/S0921800923002318Democratizing the Monetary Provisioning System - https://www.tandfonline.com/doi/full/10.1080/15487733.2024.2344305On universal public services to end the cost of living crisis - https://www.newstatesman.com/spotlight/economic-growth/cost-of-living-crisis/2023/01/state-end-cost-of-living-crisis-climate-changePapers by others:The political response to Inflation: https://www.foreignaffairs.com/mexico/governments-survived-inflationWorkshops:Public Money for Public Good: Why MMT Matters | ViennaSeptember 27th and 28th Gleis 21, Bloch-Bauer-Promenade 22, 1100 Wien, Austriahttps://events.humanitix.com/public-money-mmt-vienna Public Money for Public Good: Why MMT Matters | Sheffield(Colleen is not a part of this one, but says that wonderful people are running it!)September 20th and 21st https://events.humanitix.com/public-money-mmt-sheffieldRegenerative Economy Lab - Money and Finance WorkshopVienna, October 23rd and 24thhttps://www.regenecon.eu/Online masters program on which Colleen teaches - grounded jointly in ecological economics and modern monetary theory: https://www.torrens.edu.au/studying-with-us/employability/industry-led-learning/co-delivery-partners/modern-money-labDocumentary 'Finding the Money'. https://findingmoneyfilm.com/MMT group based in the UK : https://modernmoneylab.org.uk/What we offer: Accidental Gods, Dreaming Awake and the Thrutopia Writing Masterclass If you'd like to join our next Open Gathering offered by our Accidental Gods Programme it's  'Dreaming Your Death Awake' (you don't have to be a member) it's on 2nd November - details are here.If you'd like to join us at Accidental Gods, this is the membership where we endeavour to help you to connect fully with the living web of life. If you'd like to train more deeply in the contemporary shamanic work at Dreaming Awake, you'll find us here. If you'd like to explore the recordings from our last Thrutopia Writing Masterclass, the details are here

Fiscal policy shifts, from taxes to tariffs, are steering global capital and trade flows. The US, for instance, is attracting investments despite the tariff headlines—illustrating how the impact of these policies continues to evolve. In a dynamic policy environment, taxes and tariffs could create new implications for asset classes, sectors, and market structures.  This episode of The Outthinking Investor explores macro implications from taxes and tariffs, how policy changes are shaping the way investors allocate capital, and why economic growth could be more resilient against higher tariffs than in the past.  Our guests are: Douglas Holtz-Eakin, President of the American Action Forum and former Director of the Congressional Budget Office Kimberly Clausing, professor of tax law and policy at UCLA School of Law and former lead economist in the US Treasury's Office of Tax Policy Jeffrey Young, Head of Investment Strategy for PGIM's quant team Do you have any comments, suggestions, or topics you would like us to cover? Email us at thought.leadership@pgim.com, or fill out our survey at PGIM.com/podcast/outthinking-investor. To hear more from PGIM, tune into Speaking of Alternatives, available on Spotify, Apple, Amazon Music, and other podcast platforms. Explore our entire collection of podcasts at PGIM.com.

Patrick Harker, former Philadelphia Federal Reserve President, and current Rowan Distinguished Professor at the Wharton School, shares his perspective on interest rates, inflation risks, labor force dynamics, and the critical role of maintaining Fed independence in shaping the U.S. economy. Hosted on Acast. See acast.com/privacy for more information.

Tehillah Niselow is in conversation with Dr Manessah Alagbaoso, Executive Head of‬‭ Business Ecosystems & Sustainability for Business‬ and Commercial Banking at Standard Bank‬ ‭See omnystudio.com/listener for privacy information.

Investors are watching the Fed's next move very closely. With a softening labor market on one side, and persistent inflation on the other, a big question for the markets is how the largest central bank in the world is “duelling” with its “dual” mandate. To unpack the direction of travel for monetary policy, what it all means for the fixed income landscape, where there are opportunities, and how Fidelity is actively managing its bond strategies for unit-holders, Fidelity Institutional Portfolio Manager Christine Thorpe is joining today's episode to offer her perspectives and outlook. Recorded on August 27, 2025. At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information. For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Jeremy Siegel, Wharton Emeritus Professor of Finance and WisdomTree Chief Economist, shares his perspective on the Federal Reserve's policy direction, the potential for rate cuts, the impact of tariffs, labor market dynamics, and the critical importance of central bank independence. Hosted on Acast. See acast.com/privacy for more information.

In this episode, founder of The Macro Compass Alfonso Peccatiello breaks down the clash between Trump's political influence on the Fed, the reality of U.S. fiscal policy, and how to think about global markets at this moment in time. We also dig into forward rate pricing, the TGA rebuild, and the role of commodities and crypto in a world of loose monetary and fiscal policy. Enjoy! __ Follow Alf: https://x.com/MacroAlf  Follow Felix: https://x.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance  Follow Blockworks: https://twitter.com/Blockworks_  Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx  Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance  __ Join us at Digital Asset Summit in London October 13-15. Use code FORWARD100 for £100 OFF https://blockworks.co/event/digital-asset-summit-2025-london  __ This Forward Guidance episode is brought to you by VanEck. Learn more about the VanEck Semiconductor ETF (SMH):  http://vaneck.com/SMHFelix Learn more about the VanEck Fabless Semiconductor ETF (SMHX):  vaneck.com/SMHXFelix — Timestamps: (00:00) Introduction (02:42) What's Happening with Monetary Policy? (07:46) What Fed Risk is the Market Pricing? (10:55) Bond Market & Fiscal Tightening (13:54) Understanding Changing Fiscal Impulse (14:51) VanEck Ad (15:34) Understanding Changing Fiscal Impulse (19:46) QE vs Fiscal Deficits (24:41) Impact of TGA Rebuild (29:27) Signal for Average Macro Traders (30:04) VanEck Ad (35:05) Investing in High Inflation & Growth (36:59) European Markets (40:31) US Dollar & Emerging Markets (43:54) Commodities Outlook (47:03) Final Thoughts __ Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed. #Macro #Investing #Markets #ForwardGuidance

Welcome to The Chrisman Commentary, your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world.In today's episode, we go through all the news stories from the mortgage industry. Plus, Robbie sits down with Experian's Alison Bird and Joy Mina for a discussion on how streamlining the verification process helps lenders serve more borrowers without sacrificing accuracy. And we close by looking at further fallout from President Trump's firing of Fed Governor Cook.FHA fall-out borrowers represent untapped market shares that can stabilize your shrinking pipeline. Arrive Home's Earned Equity Program supports these clients on their path to meaningful homeownership. Additionally,  FHA borrowers who don't have the benefit of family assistance are able to qualify using the Nation's leader in DPA. 

The Beige Book occupies an important, yet often little understood, role in the monetary policymaking process. This episode of the Economy Matters podcast features Atlanta Fed staff directly involved in preparing material for the Beige Book.

Why Trump is now stacking the Federal Reserve bank's ranks of 7 Governors and threatening Fed chair Powell to force lower Fed interest rates. Why rates will start lowering in September. Why US monetary policy has been broken since 2008 due to changes in 21st century capitalism. The second half of the show discusses Texas and California's pissing match to further gerrymander the US House of Representatives which is already 90% non-competitive. The show discusses why the latest bout of gerrymandering is only part of a bigger picture of decline of US democratic institutions and practices since 2000.  Concluding the show, what are the main takeaways of Trump's meetings last week with Putin in Alaska and with European leaders and Zelensky in Washington last Monday?

Today's Post - https://bahnsen.co/45lNva0 Analyzing a Flat Market and the Impacts of International Events In this Monday edition of Dividend Cafe, the host discusses the relatively stagnant state of the DOW, S&P 500, and Nasdaq, attributing this to ongoing events such as the meeting between President Trump, European leaders, and Ukrainian President Zelensky, and the upcoming Jackson Hole meeting with Chairman Powell. The episode delves into metrics like the earning yields and price-to-book ratios of the S&P 500, highlighting historically low real earnings yield due to high stock prices despite high earnings and moderate inflation expectations. David also explores foreign investments in U.S. stocks, particularly a record $163 billion purchase in June, insights into tariff impacts and court rulings related to the Consumer Financial Protection Bureau, and the uncertainty surrounding upcoming Fed rate cuts. On the energy front, updates include WTI closing at $62.63 and midstream energy sector trends discussed at a recent Las Vegas conference. The episode concludes with an overview of the supply-side effects of monetary and fiscal policy, touching upon tariff implications and monetary supply growth. 00:00 Introduction and Market Overview 01:38 Inflation Insights and Market Metrics 03:35 Valuation Indicators and Market Analysis 05:33 Foreign Investments and Geopolitical Updates 07:30 Tariffs and Legal Challenges 11:07 Economic Indicators and Sector Performance 13:21 Energy Sector Deep Dive 15:52 Monetary Policy and Supply Side Economics 17:51 Conclusion and Final Thoughts Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Connect with Early Riders // Connect with OnrampPresented collaboratively by Early Riders & Onramp Media…Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.00:00 - Introduction and Market Overview05:27 - Trends of Digital Asset Company IPOs09:57 - Mining Hardware Innovations15:32 - AI and Bitcoin Mining Synergies18:13 - Challenges Facing Crypto Exchanges26:02 - Long-Term Perspectives on Bitcoin Investment32:54 - Timeless Wisdom from Value Investing37:47 - Competitive Forces in Bitcoin vs. Altcoins41:39 - Value and Quality Assets44:25 - Institutional Adoption of Bitcoin48:10 - Custody and Risk Management in Bitcoin Investment50:46 - Monetary Policy and Bitcoin's Role52:46 - Regulatory Challenges Facing Bitcoin56:51 - The Future of AI and Bitcoin MiningIf you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.Links discussed:https://www.sec.gov/Archives/edgar/data/1872195/000110465925069070/tm2421409-15_f1.htmhttps://proto.xyz/blog/posts/proto-rig-and-proto-fleet-a-paradigm-shifthttps://x.com/Tradermayne/status/1956543965064548592https://www.ledgerinsights.com/bis-proposes-grading-wallets-for-permissionless-blockchain-aml/https://blog.bitmex.com/treasury-company-advisory-agreements/https://finance.yahoo.com/news/ai-arms-race-heats-startups-230146272.htmlhttps://x.com/MartyBent/status/1957108340137627648https://x.com/LukeGromen/status/1957093601818694000Keep up with Michael: X and LinkedInKeep up with Brian: X and LinkedInKeep up with Liam: X and LinkedIn

Barron's Senior Economics Writer Megan Leonhardt talks with David Wessel, director of the Hutchins Center on Fiscal & Monetary Policy at the Brookings Institution, about what investors can expect from this week's annual gathering at Jackson Hole, the likely path of rate policy in the coming months, the signals he sees in the latest nomination to the Board, and what's ahead for the central bank as Chair Jerome Powell readies to give up the reins. Learn more about your ad choices. Visit megaphone.fm/adchoices

An independent central bank is the key to providing credibility to its monetary policy choices; credibility which anchors inflation expectations and allows a central bank to manage the demand-side of the economy and meet its mandate. In this episode of All the Credit®, we highlight the importance of central bank independence, discussing its significance, potential threats, and the implications of political interference—particularly in the context of the U.S. Federal Reserve. PGIM's Tom Porcelli, Deputy Head of Global Economics and Chief U.S. Economist, hosts this discussion with Daleep Singh, Vice Chair and Chief Global Economist, and Katharine Neiss, PhD, Deputy Head of Global Economics and Chief European Economist. Recorded on August 5, 2025.

Sir Isaac Newton was a legendary physicist and mathematician. But even the man known for developing the theory of gravity failed to time the market. It is said that after cashing in his shares of Britain's South Sea Company, Newton bought back into the stock right before it crashed. Avoiding the most common mistakes that harm portfolio returns is essential to success in today's markets, where volatility is testing even the most seasoned investors. While there's no single recipe for success, accomplished long-term investors tend to remain disciplined, shut out the noise from a constant whirlwind of headlines, and avoid emotionally charged decisions. This episode of The Outthinking Investor brings lessons from Wall Street and the evolution of financial markets to help investors look beyond uncertainty and identify long-term opportunities. The discussion covers economic resilience and its portfolio implications; growth in ETFs; how alternatives can be well-suited for long-term capital; tax-loss harvesting through direct indexing; steering portfolios through unexpected crises; and more. Our guests are: Barry Ritholtz, Chief Investment Officer of Ritholtz Wealth Management and author of “How Not to Invest: The Ideas, Numbers, and Behaviors that Destroy Wealth—And How to Avoid Them” Scott Bok, former chairman and CEO of investment banking firm Greenhill & Company and author of “Surviving Wall Street: A Tale of Triumph, Tragedy, and Timing” Jim Devaney, PGIM's Head of US Distribution for the retail market Do you have any comments, suggestions, or topics you would like us to cover? Email us at thought.leadership@pgim.com, or fill out our survey at PGIM.com/podcast/outthinking-investor. To hear more from PGIM, tune into Speaking of Alternatives, available on Spotify, Apple, Amazon Music, and other podcast platforms. Explore our entire collection of podcasts at PGIM.com.

In most of the world, inflation is no longer an exception, it is the rule. Official inflation targets of 4 percent, 5 percent, or even 6 percent per year have become normalized.Original article: https://mises.org/power-market/inflation-design-how-keynesian-dogma-undermines-capitalism

In most of the world, inflation is no longer an exception, it is the rule. Official inflation targets of 4 percent, 5 percent, or even 6 percent per year have become normalized.Original article: https://mises.org/power-market/inflation-design-how-keynesian-dogma-undermines-capitalism

US President Donald Trump said Tuesday that tariffs on semiconductor and pharmaceutical imports would be announced "within the next week or so," as the administration prepares to target key economic sectors in its effort to remake global trade. Trump also added that he was "getting very close to a deal" with China to extend the trade truce that saw the two countries agree to reduce tit-for-tat tariff hikes and ease export restrictions on rare earth magnets and certain technologies. For more, we hear from Jill Disis, Bloomberg News Desk Editor in Hong Kong. Plus - the S&P 500 was on the brink of all-time highs on Tuesday, before losing steam. In late hours, Advanced Micro Devices gave a stronger-than-expected sales forecast, but warned that its access to the crucial China market remains uncertain. The pullback highlights investor anxiety over the Fed's next move, with economic data complicating the central bank's balancing act between controlling inflation and sustaining growth. Stocks had rallied in the prior session amid growing bets on potential rate cuts after weak jobs data last week. We get perspective from Vishnu Varathan, Head of Economics and Strategy at Mizuho Bank. He speaks with Bloomberg's Heidi Stroud-Watts and Haslinda Amin on The Asia Trade.See omnystudio.com/listener for privacy information.

Paul Galloway examines the current shape of the yield curve and the signals behind the 10-year treasury yield. He discusses market uncertainty, interest rate dynamics, inflation, and geopolitical factors influencing investor behavior. What does a flat curve mean for recession risk, borrowing costs, and future rates? Tune in to decode the outlook.

Thanks for modern Keynesian economics, most people believe money gains its value from the government that issues it. Money's value, however, is historically tied to the value of the commodity from which money was derived.Original article: https://mises.org/mises-wire/how-does-money-acquire-its-value

Thanks for modern Keynesian economics, most people believe money gains its value from the government that issues it. Money's value, however, is historically tied to the value of the commodity from which money was derived.Original article: https://mises.org/mises-wire/how-does-money-acquire-its-value

Dr. Jonathan Newman and Mises Summer Fellow, Jonathan Yen join Ryan to cover the Fed's latest policy meeting, the awful new jobs report, and rising debt levels.For more information and to subscribe, visit https://Mises.org/P&MPod

EU Central Bank President Christine Lagarde has declared that anything that might lead to private currencies must be stopped. Yet, as F.A. Hayek noted, one way to confound central banks is through private currencies.Original article: https://mises.org/mises-wire/christine-lagarde-and-privatization-currency

Abraham Lincoln is best known for his role as a wartime president, but his economic policies were a precursor to the New Deal. From railroad subsidies to a national banking system, Lincoln paved the way to the Progressive Era and beyond.Original article: https://mises.org/mises-wire/lincolns-new-deal

EU Central Bank President Christine Lagarde has declared that anything that might lead to private currencies must be stopped. Yet, as F.A. Hayek noted, one way to confound central banks is through private currencies.Original article: https://mises.org/mises-wire/christine-lagarde-and-privatization-currency

Abraham Lincoln is best known for his role as a wartime president, but his economic policies were a precursor to the New Deal. From railroad subsidies to a national banking system, Lincoln paved the way to the Progressive Era and beyond.Original article: https://mises.org/mises-wire/lincolns-new-deal

The Live Q&A is TODAY! Become an Analyst member on Patreon now to get in on the fun! All the info you need to join is on Patreon!Join the Patreon here: https://www.patreon.com/PeterZeihanJoin the Analyst Tier in July and we'll donate your membership fees to MedShare.More info on MedShare here: https://www.medshare.org/disruptions-in-humanitarian-aid-zeihan/ Full Newsletter: https://mailchi.mp/zeihan/the-future-of-us-monetary-policy

Paul Kupiec is a senior fellow at the American Enterprise Institute. In Paul's first appearance on the show, he discusses life at a think tank, the insolvency of the Fed, theories on how to fix the Fed's balance sheet, Ted Cruz's call to end interest on reserves, and much more.  Check out the transcript for this week's episode, now with links. Recorded on June 24th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:01:14 - Paul's Career 00:08:12 - Think Tanks 00:10:42 - Current State of the Fed's Balance Sheet 00:20:22 - The Federal Reserve and Gold 00:23:04 - The Fed's Unique Accounting 00:39:28 - Ending Interest on Reserve Payments to Banks 00:50:08 - Outro

Recorded live at the 2025 Mises University, Bob talks to PhD student Jason Priddle to understand the Genius Act—a landmark piece of legislation aimed at regulating stablecoins. They examine the broader implications of the Genius Act for monetary stability, fractional reserve banking, and the future of financial privacy.Understanding Money Mechanics: Mises.org/HAP510aThe Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree

Recorded live at the 2025 Mises University, Bob talks to PhD student Jason Priddle to understand the Genius Act—a landmark piece of legislation aimed at regulating stablecoins. They examine the broader implications of the Genius Act for monetary stability, fractional reserve banking, and the future of financial privacy.Understanding Money Mechanics: Mises.org/HAP510aThe Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree

This week, Felix and Quinn unpack the Fed independence drama following Trump's visit to Powell, explore the long-term implications of politicizing monetary policy, and preview next week's pivotal QRA. They discuss how inflation expectations are diverging from commodities, why real yield correlations are breaking down, and how the dollar's regime may be shifting. Enjoy! — Follow Quinn: https://x.com/qthomp Follow Felix: https://twitter.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance — Join us at Digital Asset Summit in London October 13-15. Use code FORWARD100 for $100 OFF https://blockworks.co/event/digital-asset-summit-2025-london __ Weekly Roundup Charts: ​https://drive.google.com/file/d/1fStI5q6IlPMiU2_swJ_r5sImvbxFSugS/view?usp=sharing — This Forward Guidance episode is brought to you by VanEck. Learn more about the VanEck Semiconductor ETF (SMH): http://vaneck.com/SMHFelix Learn more about the VanEck Fabless Semiconductor ETF (SMHX): vaneck.com/SMHXFelix Echo Protocol is the first Bitcoin liquid re-staking and yield layer on MoveVM. As the second-largest protocol on Aptos by TVL, Echo secures nearly half of the network's bridged assets with ~$270M in aBTC minted. https://www.echo-protocol.xyz/ — Timestamps: (00:00) Introduction (02:36) Fed Independence (08:02) Ads (VanEck, Aptos) (09:22) Fed Independence (14:25) What's the Rates Solution? (23:40) Upcoming QRA (25:38) Ads (VanEck, Aptos) (27:03) Upcoming QRA (32:14) Potential Fed Pivot (35:49) Dollar Regime Shift (46:08) Housing Market (51:04) Final Thoughts — Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed. #Macro #Investing #Markets #ForwardGuidance

The 2025 U.S. economy leaves no shortage of topics to explore. This week, the Inside Economics crew tries to touch them all. Mark and Cris, joined by Matt Colyar, discuss growing challenges to Fed independence, recent tariff agreements, financial market exuberance, and a U.S. housing market under significant stress. Finally, the team answers several listener questions and offers their latest recession probabilities and expectations for next week's slew of important data. Read the full housing research paper here: https://www.economy.com/bringing-the-housing-shortage-into-sharper-focusHosts: Mark Zandi – Chief Economist, Moody's Analytics, Cris deRitis – Deputy Chief Economist, Moody's Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody's AnalyticsFollow Mark Zandi on 'X' and BlueSky @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn Questions or Comments, please email us at helpeconomy@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View.

Even when MMT advocates are correct that colonial governments at times burned money after receiving it for tax revenues, they still manage to get both the history and the causes wrong. Original article: https://mises.org/mises-wire/mmters-love-when-governments-burn-money

Even when MMT advocates are correct that colonial governments at times burned money after receiving it for tax revenues, they still manage to get both the history and the causes wrong. Original article: https://mises.org/mises-wire/mmters-love-when-governments-burn-money

Americans are often told that they benefit from the privilege of the dollar serving as the world's currency. A strong dollar makes imports cheaper, facilitates demand for American companies, and is tied to cheap government borrowing. But what happens when this powerful privilege weakens? What does it even mean for the dollar to be “strong” or “weak” as a medium of exchange and investment? Why should Americans care that the dollar serves as the reserve currency for the world's central banks?In his new book “Our Dollar, Your Problem,” Ken Rogoff, a Harvard professor and former chief economist for the International Monetary Fund, argues that the dollar is past “middle age” and that its global dominance will erode in the coming years. He predicts the dollar will eventually share power with the European Union's euro and Chinese renminbi in a “tripolar” world.Rogoff joins Bethany and Luigi to discuss why the dollar's shifting dominance matters so much to the United States and what implications this has for the rest of the world's payment network. He describes how the dollar has come under pressure from multiple directions, both now and in the past. Outside the U.S., these include past and current international challengers, such as the Soviet ruble, the Japanese yen, and the European euro. From within, the current instigators are rising federal debt, increased use of economic sanctions, and growing political dysfunction. The three also discuss if President Donald Trump's boisterous support for cryptocurrency further undermines the U.S. dollar. Ultimately, they tease out how the dollar has underpinned American economic prowess for the last half century and what the consequences will be for the American economy – and the world at large – if the dollar is dethroned.Read a review of Rogoff's book by Capitalisn't team member Matt Lucky in ProMarket: https://www.promarket.org/2025/07/24/what-happens-after-the-dollars-hegemony-ends/

Our monetary policy statement at a glance, 24 July 2025 https://www.ecb.europa.eu/press/press_conference/visual-mps/2025/html/mopo_statement_explained_july.en.html Christine Lagarde, Luis de Guindos: Monetary policy statement, 24 July 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2025/html/ecb.is250724~a66e730494.en.html Monetary policy decisions, 24 July 2025 https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.mp250724~50bc70e13f.en.html Combined monetary policy decisions and statement, 24 July 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/shared/pdf/ecb.ds250724~8cbca58e07.en.pdf?df0653cc32352ba804c7d1262686b588 European Central Bank https://www.ecb.europa.eu/home/html/index.en.html Published and recorded during our press conference on 24 July 2025 #MonetaryPolicy #EuropeanCentralBank #ChristineLagarde #Finance #FinancialConditions #Inflation #EconomicActivity #EconomicOutlook #PressConference #Banking #CentralBanking #Podcast #Economics #EU #Europe #ECB

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Macro Strategists Juhi Dhawan and Thomas Mucha break down the busy first half of 2025, discussing DOGE, tariffs, taxes, immigration, deregulation, and more.2:30 – Tariffs are a tax8:30 – Highs and lows of the new tax bill16:25 – Economic boosts in AI and deregulation?20:30 – Immigration policy and productivity23:05 – A wait-and-see Fed25:20 – Investment implications of a disruptive geopolitical landscape

Check out David's Substack: Macroeconomic Policy Nexus for a special 500th episode post! George Hall is a professor of economics at Brandeis University and formerly worked as an economist at the Chicago Federal Reserve Bank. George returns to the show to discuss the current fiscal status of the US, how the Big Beautiful Bill will impact the fiscal outlook going forward, the history of running deficits in the US, and much more.  Check out the transcript for this week's episode, now with links. Recorded on June 24th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow George on X: @George_J_Hall Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Bumper 00:00:29 - Intro 00:01:55 - Current US Fiscal Status 00:05:45 - What Is Inflation? 00:10:18 - Fiscal Consequences of the US War with COVID 00:23:21 - World War COVID 00:25:05 - Before and After War 00:34:02 - Financing with Inflation 00:38:47 - World War II Period vs. Today 00:38:47 - World War II Period vs. Today 00:44:19 - Who Bears the Fed's Losses? 00:47:14 - How to Foot the Big, Beautiful Bill 00:52:10 - Outro

Ben Harris served in numerous high-ranking roles as a public sector economist and is now the vice president and director of economic studies at the Brooking Institution. In Ben's first appearance on the show, he discusses the fiscal health of the US government, including the rising primary deficient, the impact of the Big Beautiful Bill, the proposition of stablecoins and AI as a solution to our debt, his love of basketball and much more. Check out the transcript for this week's episode, now with links. Recorded on June 18th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Ben on X: @econ_harris Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:02:01 - Ben's Career 00:05:18 - Fiscal Health of the United States 00:07:57 - Big Beautiful Bill 00:12:15 - Debts and Deficits 00:14:47 - Costs and Risks of the Rising US Debt 00:37:05 - Stablecoins as a Potential Solution to US Debt 00:41:49 - Debt Ceiling 00:50:02 - AI and the Economy 00:54:58 - Outro

Let's look at some of the reasons why President Trump and his supporters are so obsessed with demanding that the Federal Reserve force down interest rates even further. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Let's look at some of the reasons why President Trump and his supporters are so obsessed with demanding that the Federal Reserve force down interest rates even further. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

While we often speak of measurements of inflation (such as "inflation went up by three percent"), in reality, one cannot accurately measure it, given official measurements consist of arbitrary weighted averages. It is better to see inflation as qualitative, not quantitative.Original article: https://mises.org/mises-wire/fallacy-measuring-inflation

While we often speak of measurements of inflation (such as "inflation went up by three percent"), in reality, one cannot accurately measure it, given official measurements consist of arbitrary weighted averages. It is better to see inflation as qualitative, not quantitative.Original article: https://mises.org/mises-wire/fallacy-measuring-inflation

Luis Garicano is a former member of the European Parliament and a professor at the London School of Economics. In Luis's first appearance on the show he discusses his new book, Crisis Cycle: Challenges, Evolution, and the future of the Euro, the ever-changing landscape of digital money, his suggested reforms to the Euro, and much more. Check out the transcript for this week's episode, now with links. Recorded on June 18th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Luis on X: @lugaricano Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:00:55 - Future of Money 00:08:46 - Bank Regulation 00:12:51 - Stablecoins 00:23:35 - Crisis Cycle 00:56:05 - Outro

Monetarists have long believed that the Fed should pursue policies of low inflation in order to counter the effects of lower prices through enhanced productivity. Thus, they reason, overall prices will remain stable. Such policies actually promote economic instability.Original article: https://mises.org/mises-wire/futility-price-stability-policies

Mark Blyth is a professor of international economics at Brown University. In Mark's first appearance on the show, he discusses his new book Inflation: A Guide for Users and Losers, the concept of angrynomics, a new way to look at price controls, demographic decline, and much more. Check out the transcript for this week's episode, now with links. Recorded on June 4th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Mark on X: @MkBlyth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:00:50 - Angrynomics 00:03:56 - Motivation for ‘Inflation: A Guide for Users and Losers' 00:08:27 - Five Things They Don't Tell You About Inflation 00:14:32 - Good, Bad, and Ugly Inflation 00:18:14 - Interest Rates and Inflation 00:21:33 - Price Controls 00:26:13 - Stories About Inflation 00:35:03 - Hyperinflation 00:42:24 - Pandemic Inflation 00:58:00 - Disinflation, China, and Demographic Decline 01:00:30 - Recommendations for Policymakers 01:02:00 - Outro