Podcast appearances and mentions of Taylor rule

Uveka Rangappa speaks to Aladia Moodley the CEO of the Vaagh Group. Chris Stevens the Executive Grill Chef and Pastry Chef, Taylor Rule about Vaagh Sandton nestled in the hub of Sandton which offers a refined culinary and social experience.See omnystudio.com/listener for privacy information.

Remember when we thought the pandemic was going to cause complete economic destruction? What did the Fed do to try to thwart it? They lowered already all-time low interest rates.Did it work? No. Not really. Our government shut down, heck, the world shut down! The Fed was a little out of their depth there.But here we go again. We're starting to see signs of an economic downturn. So, what did the Fed do? This week, they lowered interest rates by .5% again. In this podcast episode, I unpack the Federal Reserve's aggressive rate cut, explain how it's rooted in the Taylor Rule, and explore what this means for borrowers, savers, and investors. With proactive financial planning, you can navigate these economic shifts and adjust your financial strategy. Listen to my podcast to get the full scope of what these rate cuts could mean for you.

Today's Post - https://bahnsen.co/48MsRiD We experienced positive market sentiment throughout the morning until approximately 10:30 AM, driven by better-than-expected PMI data in both services and manufacturing. It's noteworthy that typically, indications of economic expansion don't lead to a decline in stocks. However, despite four days of gains on the Dow, the news of improving economic data led to a loss of some early morning momentum. This occurred on a day of relatively uneventful trading as interest rates edged slightly higher. One key metric closely monitored by the Federal Reserve, The Taylor Rule, suggests that the Fed Funds Rate should currently be approximately 1% lower at 4.5%. Looking ahead, futures indicate a balanced probability for a rate cut in March. However, there is a significant amount of economic data expected between now and then that could influence this outlook. As previously mentioned, it wouldn't be surprising if there were more discussions in March about the conclusion of Quantitative Tightening (QT), potentially easing financial conditions and essentially resembling a rate cut. Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com

Higher for longer is a distant memory, with the 10 year treasury yield at 4.2%, from 5% in October. Stocks love this, because when the discount rate analysts use goes down, valuations go up. The European Central Bank looks like it will be the first developed economy central bank to cut rates, after the governor of the Bank of France said last week “barring any shock, rate hikes are now over. The question of a cut may arise when the time comes during 2024”. Also last week, the first Federal Reserve official implied rates in the United States could be cut. In a speech, Governor Chris Waller cited the Taylor Rule, that computes the optimal Fed Funds rate. Last year the Taylor rule implied the Fed funds rate should be as high as 8%. Now it's saying 5.3%, which is lower than the current Fed funds rate of 5.5%.

David Papell is a professor of economics at the University of Houston and has published widely on monetary policy rules. David joins Macro Musings to talk about his recent paper, *Policy Rules and Forward Guidance Following the COVID-19 Recession,* as well as the origins, past uses, and current applications of monetary policy rules.   Transcript for this week's episode.   David's Twitter: @DavidPapell David's University of Houston portal   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Join the Macro Musings mailing list! Check out our new Macro Musings merch!   Related Links:   *The Fed Approaches the End of the Rate Hiking Cycle* by David Papell and Ruxandra Prodan   *Policy Rules and Forward Guidance Following the COVID-19 Recession* by David Papell and Ruxandra Prodan   *Policy Rule Legislation in Practice* by Alex Nikolsko-Rzhevskyy, David Papell, and Ruxandra Prodan   *Policy Rules and Economic Performance* by Alex Nikolsko-Rzhevskyy, David Papell, and Ruxandra Prodan

Ed Nelson is a senior advisor in the Monetary Affairs Division of the Board of Governors of the Federal Reserve System. Ed has also previously been a professor of economics at the University of Sydney and has worked at the St. Louis Federal Reserve Bank as well as the Bank of England. Most importantly, however, Ed was also a former student of, and co-author with, the late Bennett McCallum, and he rejoins David for this special live episode of Macro Musings to talk about Bennett McCallum's life, his work, and his legacy within the field of monetary economics.     Check out the entirety of the Bennett McCallum Monetary Policy Conference!   Transcript for this week's episode.   Ed's website Ed's Federal Reserve profile   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Join the Macro Musings mailing list! Check out our new Macro Musings merch!

John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University and Senior Fellow at the Hoover Institution, joins the podcast to discuss how he initial got interested in economics, his initial training in econometrics as a PhD student at Stanford which led him to monetary economics, his seminal contributions to the foundations of New Keynesian economics including the Taylor Rule and its influence, his views on monetary policy in the US, Europe and Japan over the decades, international economics, the state of fiscal policy, and economic growth.  Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University and Senior Fellow at the Hoover Institution, joins the podcast to discuss how he initial got interested in economics, his initial training in econometrics as a PhD student at Stanford which led him to monetary economics, his seminal contributions to the foundations of New Keynesian economics including the Taylor Rule and its influence, his views on monetary policy in the US, Europe and Japan over the decades, international economics, the state of fiscal policy, and economic growth.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Sie ist eine der bekanntesten Inflationsforscherinnen der Welt: Stephanie Schmitt-Grohé, Professorin für Makroökonomie an der renommierten Columbia University in New York. In ihrem neusten Forschungspapier untersucht sie, ob die Teuerung noch lange hoch bleiben wird oder ob der Spuk schon bald vorbei ist. | Ein Gespräch über die Zinsuntergrenze («The Perils of the Taylor Rule»), ein geldpolitische Experiment («The Neo Fisher Effect and Exiting a Liquidity Trap») und den Vorteil von langen Zeitreihen in der empirischen Makro-Forschung («What Do Long Data Tell Us About The Inflation Hike Post Covid-19?»). | Stichworte: Inflation, Teuerung, Kaufkraft, Zinsuntergrenze, Liquiditätsfalle, Fisher-Effekt, ELB, effective lower bound, ZLB, zero lower bound, Taylor rule, Neo Fisherian, Stephanie Schmitt-Grohé.

The Cross References Podcast with Luke Taylor: Episode 73 What does it mean when we say that the Bible is literal? How can we trust the the prophecies of Christ's return are literal and not figurative? And what is the Taylor Rule of Bible Interpretation? You won't know the answer to that last one, because I just made it up. But you'll learn what it is today on the Cross References podcast.   0:00 - Introduction 8:00 - v45-48, I See Fire 12:00 - v49, Literally 19:00 - God Means What He Says 41:00 - A Tribute to Michael Heiser and Tim Keller 53:00 - God Says What He Means (Closing Thoughts)   If you want to get in touch with me, send an email to crossreferencespodcast@gmail.com Hosted by Luke Taylor

John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University and Senior Fellow at the Hoover Institution, joins the podcast to discuss how he initial got interested in economics, his initial training in econometrics as a PhD student at Stanford which led him to monetary economics, his seminal contributions to the foundations of New Keynesian economics including the Taylor Rule and its influence, his views on monetary policy in the US, Europe and Japan over the decades, international economics, the state of fiscal policy, and economic growth.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone's talking about whether or not the Fed needs to take interest rates to 6% now. But what if even that number is too low?According to the “Taylor Rule,” rates should be headed towards 10%. Is that really feasible? We'll ask “Taylor Rule” creator John Taylor himself.Plus, office REITs have been crushed by rising rates and slowing demand. But there's one better positioned than the rest. We'll reveal the name.And, Kyle Bass is calling Xi Jinping's latest moves “installing a war cabinet.” So should you stay away from investing in China? We'll debate.

5% descuento con el código nofinancieros5 en Descorchify - https://descorchify.com/ Lista del Club: https://clubnofinancieros.substack.com/ El resumen de todo los podcast nofinancieros de la semana aquí https://nofinancieros.substack.com/p/resumen-s8-del-23 Queda un 86 % para acabar el año, mientras, esta semana en el universo nofinancieros: LOS FINPICKS LM El plan de Biden y el de Icahn 1. Biden economic plan. 2. El plan: crédito y mora disparada. 3. FED is in a box. 4. Taylor Rule. 5. 1 million por trabajador https://nofinancieros.substack.com/p/el-plan-de-biden-y-el-de-Icahn MX ¿Pero esta quién es? En el pod-newsletter de hoy: 1. Liz Truss y NOM. 2. Liz Truss y la UE. 3. EEUU - Ucrania - Rusia - China. 4. Desinflación y tipos. 5. La atractiva renta fija americana. 6. CPI Sueco y PPI Alemán. 7. Confianza alemana. 8. España. https://nofinancieros.substack.com/p/pero-esta-quien-es XJ Billionaire a los 30 1. Billionaire a los 30. 2. Situación petróleo. 3. Situación gas natural. 4. Goldman coloca papel. 5. Culpa de gente y empresas. 6. ESG es Troya. 7. Escasez de tomates. https://nofinancieros.substack.com/p/billionaire-a-los-30 JV El atraco tech a tus ahorros 1. Neumann. 2. SMS en Twitter. 3. Apple y Twitter. 4. Meta suscripción. 5. ChatGPT. 6. A vueltas con el remoto. 7. Zalando. 8. Intel. 9 Nvidia. 10. CBDCs. 11. Qatar y el fútbol. 12. Mi propio Jeep. 13. Los coches no serán lo mismo. https://nofinancieros.substack.com/p/el-atraco-tech-a-tus-ahorros ▶ Newsletter: https://nofinancieros.substack.com/ ▶ Twitter: https://twitter.com/nofinancieros ▶ Web: https://nofinancieros.com/ ▶ Youtube: https://www.youtube.com/@nofinancieros ▶ Ivoox: https://www.ivoox.com/podcast-no-financieros_sq_f1790917_1.html ▶ Spotify: https://open.spotify.com/show/0NTuZpYAOOfdr3ITVgVC9s ▶ Apple Podcast: https://podcasts.apple.com/us/podcast/no-financieros/id1494326681?uo=4 ▶ Google Podcast: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cuc3ByZWFrZXIuY29tL3Nob3cvNTEzNDQ1Mi9lcGlzb2Rlcy9mZWVk

5% descuento con el código nofinancieros5 en Descorchify - https://descorchify.com/Lista del Club: https://clubnofinancieros.substack.com/El resumen de todo los podcast nofinancieros de la semana aquíhttps://nofinancieros.substack.com/p/resumen-s8-del-23Queda un 86 % para acabar el año, mientras, esta semana en el universo nofinancieros:LOS FINPICKSLM

Lista del Club: https://clubnofinancieros.substack.com/ En el pod-newsletter de hoy: 1. Biden economic plan. 2. El plan: crédito y mora disparada. 3. FED is in a box. 4. Taylor Rule. 5. 1 million por trabajador Recibe el podcast en tu correo: https://nofinancieros.substack.com/p/el-plan-de-biden-y-el-de-Icahn Mira la grabación del podcast: https://youtu.be/YuAU58QgOw8 ▶ Newsletter: https://nofinancieros.substack.com/ ▶ Twitter: https://twitter.com/nofinancieros ▶ Web: https://nofinancieros.com/ ▶ Youtube: https://www.youtube.com/@nofinancieros ▶ Ivoox: https://www.ivoox.com/podcast-no-financieros_sq_f1790917_1.html ▶ Spotify: https://open.spotify.com/show/0NTuZpYAOOfdr3ITVgVC9s ▶ Apple Podcast: https://podcasts.apple.com/us/podcast/no-financieros/id1494326681?uo=4 ▶ Google Podcast: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cuc3ByZWFrZXIuY29tL3Nob3cvNTEzNDQ1Mi9lcGlzb2Rlcy9mZWVk

Lista del Club: https://clubnofinancieros.substack.com/En el pod-newsletter de hoy: 1. Biden economic plan. 2. El plan: crédito y mora disparada. 3. FED is in a box. 4. Taylor Rule. 5. 1 million por trabajadorRecibe el podcast en tu correo: https://nofinancieros.substack.com/p/el-plan-de-biden-y-el-de-Icahn Mira la grabación del podcast: https://youtu.be/YuAU58QgOw8▶ Newsletter: https://nofinancieros.substack.com/ ▶ Twitter: https://twitter.com/nofinancieros ▶ Web: https://nofinancieros.com/ ▶ Youtube: https://www.youtube.com/@nofinancieros ▶ Ivoox: https://www.ivoox.com/podcast-no-financieros_sq_f1790917_1.html ▶ Spotify: https://open.spotify.com/show/0NTuZpYAOOfdr3ITVgVC9s ▶ Apple Podcast: https://podcasts.apple.com/us/podcast/no-financieros/id1494326681?uo=4 ▶ Google Podcast: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cuc3ByZWFrZXIuY29tL3Nob3cvNTEzNDQ1Mi9lcGlzb2Rlcy9mZWVk

Join us in the BreakLine Arena for a conversation with John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P. Shultz Senior Fellow in Economics at Stanford University's Hoover Institution. Professor Taylor, developed the Taylor Rule, and is widely known for his expertise in fiscal and monetary policy, and international economics.According to Professor Taylor, monetary policy is the primary muscle behind inflation rates. In order to understand why simplicity in policy has never been more necessary, Professor Taylor discusses the Federal Reserve System (the Fed), their decision-making methods, inflation rate formulas, the macroeconomic environment in the US, and his predictions for the near future.Professor Taylor dissects the current inflation rate in the United States, where it is heading, the roadmap of a healthy economy, and why "2%" is the number to watch.“Simplification is becoming more and more attractive. The more that the monetary policy can focus on something simple the better.”Please like, rate, subscribe, or review our show if you've liked what you've heard! We'd love to hear your thoughts. If you're interested in joining our community, please visit www.breakline.org

Tom welcomes J.E.S., the author of "The Real Truth About Inflation," back to the show to discuss the effects of interest rate hikes and how long it will take to move through the markets and the economy. Jes explains why interest rate hikes typically have a lag of 6-9 months, although it can be anywhere between 4-22 months. In addition, they discussed the Taylor Rule, wage-price spiral, the need to incentivize energy companies to increase production, and the notion of decentralization. They also discussed the use of gold, silver, and cryptocurrencies and their potential to challenge traditional fiat currencies. They also discussed the Cantillon effect, which is when newly minted currency is given to certain people or entities before it is released to the public. They further discussed the liquidity trap and how it perpetuates a recession, as well as the risks of global recession and the impact it has on debt. Finally, they discussed the implications of the destruction of the NordStream pipelines and the control of the narrative by governments. Talking Points From This Episode Effects of interest rate hikes on the economyIncentivizing energy companies to increase production and reduce pricesChallenges with traditional fiat currencies and moving towards decentralizationComplexities of the current global climate and the need to be aware of government decisions. Time Stamp References:0:00 - Introduction0:40 - Rate Hike Lag Effects7:50 - Recession & Crashing10:33 - Unemployment Levels14:20 - Rates & Pricing Money16:20 - Rates, Demand, & Inflation25:40 - Wage & Price Spirals28:50 - Supply Side Inflation40:40 - Gold as Good Money?49:00 - Currencies Vs. Money52:20 - Crypto as Competition1:04:50 - Fed & Conditioning1:06:50 - The Liquidity Trap1:14:10 - China, Gold, & Trade1:23:20 - Russia & China's Friends1:25:55 - Sanctions Impacts1:28:40 - Winter Just Starting1:29:55 - NordStream & Choices1:32:40 - Demand Problems1:34:30 - Shutdowns & Narratives1:35:40 - Wrap Up Guest Links:E-Mail: aueconjes@gmail.comAmazon Book Link: https://tinyurl.com/bdz9eue2

In this special episode of Macro Musings, David Beckworth and Patrick Horan join guest host Carola Binder to discuss their newest paper, *The Fate of FAIT: Salvaging the Fed's Framework.* Patrick Horan is a research fellow in the Mercatus Center's Monetary Policy Program and Carola Binder is an associate professor of economics at Haverford College as well as a visiting scholar at the Mercatus Center. In addition to their paper, Pat and David also talk about the basics of flexible average inflation targeting, how it compares to temporary price level targeting, the differences between the Fed's old and new frameworks, and a lot more.   Transcript for the episode can be found here.   Check out our new Macro Musings merch here, and use the promo code NGDP for 10% off!   Patrick's Twitter: @Pat_Horan92 Patrick's Mercatus profile   Carola's Twitter: @cconces Carola's Haverford site Carola's Mercatus profile   David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox!   Related Links:   *The Fate of FAIT: Salvaging the Fed's Framework* by David Beckworth and Patrick Horan   *2020 Statement on Longer-Run Goals and Monetary Policy Strategy* by the Federal Reserve Board of Governors   *Fed Framework Holds Central Bank Hostage* by Mohamed El-Erian   *Nominal GDP Targeting and the Taylor Rule on an Even Playing Field* by David Beckworth and Josh Hendrickson

Oliver Hartwich chats with Christoph Schumacher about the Official Cash Rate, inflation, the Taylor Rule, and the new GDP Live tool that provides real-time New Zealand GDP tracking. To help fund the incredible GDP Live tracker contact Christoph at c.schumacher@massey.ac.nz.

Today the Fed raised interest rates to just under 4%. The Taylor Rule says this should have happened a year ago. We talk to John Taylor about letting a formula do the work instead.For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

This episode is also available as a blog post: http://confoundedinterest.net/2022/07/30/misery-pce-deflator-rises-to-6-8-yoy-highest-in-40-years-as-rents-food-gasoline-explode-in-price-taylor-rule-suggests-fed-o-n-rate-of-17-78/

If Bloomberg Economics is right at the Federal Reserve hikes to 5%, the two-year Treasury yield should be near 4% and the Treasury yield curve would be more inverted, notes Bloomberg Intelligence. In this Macro Matters edition of the FICC Focus Podcast, host and BI Chief US Interest Rate Strategist Ira Jersey is joined by Anna Wong, Chief US Economist for Bloomberg Economics and Angelo Manolatos, BI US and Canadian Rates Strategist. Wong discusses why she thinks the Federal Reserve wasn't as dovish as the market thought, and why additional interest rate hikes may be in the cards even after a soft 2Q GDP print. She details the BE version of the Taylor Rule and her belief that it's superior to more traditional models. In the Fun Fed Facts segment, Manolatos quips that the Fed's statement is now 268 words, but could get somewhat shorter over time. Jersey jests that the statement length and the size of the Fed's balance sheet have been broadly correlated. The strategists briefly discuss the statement as a communications tool in different regimes.

This episode is also available as a blog post: http://confoundedinterest.net/2022/07/17/buckaroo-why-the-fed-wont-be-able-to-contain-inflation-taylor-rule-suggests-a-target-rate-of-23-30-a-bridge-too-far/

Our first speaker is John Taylor who is the Mary and Robert Raymond Professor of Economics at Stanford. John is famous for developing the Taylor Rule. John will explain his Taylor rule for setting the optimal short-term interest rate and why interest rates need to rise to quell rising inflation.Our second speaker is Casey Mulligan who is the Ken Griffin Professor of Economics at University of Chicago's Booth School and the Former Chief Economist for the Council of Economic Advisors in the Trump Administration. Casey will explain how government stimulus increased inflation and discouraged employment. He will also discuss his recent work in the pharmaceutical industry that shows how middlemen helped lower prices for consumers.Our final speaker is Alan Auerbach who was my economics professor when I was a student at Penn. Alan is currently the Robert D. Burch Professor of Economics and Law at UC Berkeley. Alan will discuss the dynamics between current inflation and employment. Get full access to What Happens Next in 6 Minutes with Larry Bernstein at www.whathappensnextin6minutes.com/subscribe

This episode is also available as a blog post: http://confoundedinterest.net/2022/06/19/winter-is-coming-2-mortgage-rates-hit-6-gasoline-prices-hit-5-inflation-continues-to-rage-taylor-rule-implies-22-10-target-rate-only-at-1-75/

Our guest this week is Jim Grant. Jim is the founder and editor of Grant's Interest Rate Observer, a twice-monthly newsletter on financial markets with a focus on bonds. He is the author of numerous books and has made frequent appearances in the financial press where his views on markets and the macroeconomy are much sought after. Before founding Grant's Interest Rate Observer, Jim did stints as a journalist, first as a reporter at The Baltimore Sun, and later at Barron's. He received his bachelor's degree from Indiana University and his master's in international relations from Columbia University.Background BioGrant's Interest Rate ObserverThe Forgotten Depression: 1921: The Crash That Cured ItselfMr. Market Miscalculates: The Bubble Years and BeyondMoney of the MindBagehot: The Life and Times of the Greatest VictorianInflation and Interest Rates“Jim Grant: The Fed Cannot Control Inflation,” by Robert Huebscher, advisorperspectives.com, May 4, 2021.“Jim Grant: The Trouble With Treasuries,” by James Grant, barrons.com, Oct. 11, 2019.“The High Cost of Low Interest Rates,” by James Grant, wsj.com, April 1, 2020.“Happy Birthday, Federal Reserve! Have Some Punch (Before the Bowl Gets Taken Away),” by Paul Vigna, wsj.com, Dec. 23, 2013.“The Inflation Headshake,” by Eric Cinnamond, palmvalleycapital.com, March 9, 2022.Horizon Kinetics Inflation Beneficiaries ETFMurray Stahl bio“Jim Grant: The Endgame for the Bull Market in Bonds,” by James Grant, barrons.com, Sept. 13, 2019.“Jim Grant: Low Interest Rates Forever? Don't Get Used to That Idea,” by James Grant, barrons.com, June 7, 2019.“James Grant: Bitcoin and Other Bubbles,” Wealthtrack podcast, youtube.com, Feb. 26, 2021.Policymaking“Jim Grant: The Big Flaw in Ph.D-conomics,” by James Grant, barrons.com, July 19, 2019.What Is the Taylor Rule?A History of Interest Rates, by Sidney HomerRecession and Macroeconomic Forecast“The Difficult Art of Conjuring Up Yield From Mortgage-Backed Securities,” by James Grant, barrons.com, March 15, 2019.“The Fed Is Well Behind the Curve: Jim Grant,” cnbc.com interview, youtube.com, Feb. 25, 2022.

This episode is also available as a blog post: http://confoundedinterest.net/2022/03/16/fear-the-talking-fed-fed-raises-target-rate-to-50-bps-still-11-50-below-the-taylor-rule/

This episode is also available as a blog post: http://confoundedinterest.net/2022/03/02/powell-backs-a-quarter-point-rate-hike-in-march-meeting-10y-treasury-yield-rise-by-11-bps-uk-natural-gas-up-35-taylor-rule-suggests-a-target-rate-of-13-40/

Very happy to have James Arnold Taylor on Rule of Two Podcast today, where we'll dive into all of his work as a voice actor, actor, and professional in and outside of Star Wars...and yes, of course, talk about Obi-Wan Kenobi! Learn more about your ad choices. Visit megaphone.fm/adchoices

Very happy to have James Arnold Taylor on Rule of Two Podcast today, where we'll dive into all of his work as a voice actor, actor, and professional in and outside of Star Wars...and yes, of course, talk about Obi-Wan Kenobi! Learn more about your ad choices. Visit megaphone.fm/adchoices

Very happy to have James Arnold Taylor on Rule of Two Podcast today, where we'll dive into all of his work as a voice actor, actor, and professional in and outside of Star Wars...and yes, of course, talk about Obi-Wan Kenobi! Learn more about your ad choices. Visit megaphone.fm/adchoices

Very happy to have James Arnold Taylor on Rule of Two Podcast today, where we'll dive into all of his work as a voice actor, actor, and professional in and outside of Star Wars...and yes, of course, talk about Obi-Wan Kenobi! Learn more about your ad choices. Visit megaphone.fm/adchoices

We are very happy to interview James Arnold Taylor on the Rule of Two Podcast, we'll dive into all of his work as a voice actor, actor, and professional in and outside of Star Wars...and yes, of course, talk about Obi-Wan Kenobi! Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is also available as a blog post: http://confoundedinterest.net/2022/02/25/elmer-fed-us-pce-price-growth-hits-5-2-highest-since-mid-1983-taylor-rule-suggests-target-rate-of-13-35/

This episode is also available as a blog post: http://confoundedinterest.net/2022/02/10/us-inflation-surges-to-7-5-yoy-real-weekly-wage-growth-falls-to-3-1-yoy-taylor-rule-now-suggests-fed-funds-target-rate-of-18-90/

What's so bad about rising inflation? Why should we aim for a rate of 2 percent? Why is it a problem if interest rates are too low--and what do we mean by inflation, anyway? Stanford University's John Taylor talks with EconTalk host Russ Roberts about these questions, the Taylor Rule, why inflation is rising, and what the Fed should do about it. At the end of the conversation, Taylor discusses whether stimulus stimulates and the dangers of the national debt.

Cryptocurrency & FinancialMarkets 13th July 2021Crypto markets % drip downwardsa Killer ....For 2 months .....Today, I talk about the following:1. The Crypto markets are not valuing business, activity on the network, clients and net cash flow properly. A reflection of an" immature market". In saying that, it provides enormous amount of opportunities in this market. 2. Low supply of coins on the exchanges - BTC3. USD equity markets are parabolic - seriously expensive on every level you look at4. Fund managers buy 12% of Micro strategy5. Polygon adds over 10 new clients and yet its price goes down - stupid people 6. 10 year bond yield at 1.35% doesn't reflect CPI month on month of .9% that is over 10% year-on-year 7. Wirex has added 10 more cryptos on its platform8. VeChain goes into DEFis9. Polkodot adding more clients 10. Look up the Taylor Rule for interest rates 11. Fiat markets, Economics, the FED, Stagflation,10 yr USD bond yield rate, Social media and more12. Gary Gensler, Staglation,LTC, BINANCE,Paul Tudor Jones,George Soros,Cowen, Investments,PundiX,EBAY,FTX,PAYPAL,QTUM,POLYGON,SXP,BNB,OKEX,FUN,BYBIT,HT,KUCOIN,WAVES,FILECOINS.BYBIT, THOR,TEZOS,ROBINHOOD, COINBASE,fidelity, stone investments, BTT, PAXOS, BANK OF AMERICA, DCG, WAR, ISRAEL, SEC,FED KAPLAN,FED ,FUNFAIR, BOSIC,TAPER, POLYGON, MATIC, SHINU, ALPHA, BTC EFT, SAXO BANK, COINBASE,Bank of Oman, Bank of America,Paxful,OKcoin, Musk,ENJ,JP Morgan,Polygon Bridge,Kusama,Bullish break out , bullish triangle, 4 hour, 200 day moving average,Tezos , HOFAR,FINANCE,INVWXT,ridge,PRO,DOT,LINK,SOL,BiTSTAMP,SOLDITY,RUST,NOKIA,WEB3,MARK CARNEGIE,TRAVEL RULE, MASTER CARD SURVEY, MIKE NOVOGRATZ, GALAXY,BITGO, Nexo, KucoinQTUM,OMG,NFT's,BITSO,Pantera Capital, Goldman Sach ,BCH,UBS, CITIBANK, OPERATIONAL RISKS, OpenOcean AGI,ALGO,MUSK,INSTITUTIONS, ETC, StormX,futures,Derivatives FLOW,ETH,ETC,XRP,BTC,CHZ.DOGE,HACKED, EOS, PETER DRUCKENT MILLER, PETER THIEL, NOMURA , EOS,ETC,ada,chz,mercado libre,citibank, Tron, network, & BSC,13. Derivatives on BTC and ETH are very telling. BTC and ETH futures prices are in Backwardation - expecting future lower prices

Cryptocurrency & FinancialMarkets 13th July 2021Crypto markets % drip downwardsa Killer ....For 2 months .....Today, I talk about the following:1. The Crypto markets are not valuing business, activity on the network, clients and net cash flow properly. A reflection of an" immature market". In saying that, it provides enormous amount of opportunities in this market. 2. Low supply of coins on the exchanges - BTC3. USD equity markets are parabolic - seriously expensive on every level you look at4. Fund managers buy 12% of Micro strategy5. Polygon adds over 10 new clients and yet its price goes down - stupid people 6. 10 year bond yield at 1.35% doesn't reflect CPI month on month of .9% that is over 10% year-on-year 7. Wirex has added 10 more cryptos on its platform8. VeChain goes into DEFis9. Polkodot adding more clients 10. Look up the Taylor Rule for interest rates 11. Fiat markets, Economics, the FED, Stagflation,10 yr USD bond yield rate, Social media and more12. Gary Gensler, Staglation,LTC, BINANCE,Paul Tudor Jones,George Soros,Cowen, Investments,PundiX,EBAY,FTX,PAYPAL,QTUM,POLYGON,SXP,BNB,OKEX,FUN,BYBIT,HT,KUCOIN,WAVES,FILECOINS.BYBIT, THOR,TEZOS,ROBINHOOD, COINBASE,fidelity, stone investments, BTT, PAXOS, BANK OF AMERICA, DCG, WAR, ISRAEL, SEC,FED KAPLAN,FED ,FUNFAIR, BOSIC,TAPER, POLYGON, MATIC, SHINU, ALPHA, BTC EFT, SAXO BANK, COINBASE,Bank of Oman, Bank of America,Paxful,OKcoin, Musk,ENJ,JP Morgan,Polygon Bridge,Kusama,Bullish break out , bullish triangle, 4 hour, 200 day moving average,Tezos , HOFAR,FINANCE,INVWXT,ridge,PRO,DOT,LINK,SOL,BiTSTAMP,SOLDITY,RUST,NOKIA,WEB3,MARK CARNEGIE,TRAVEL RULE, MASTER CARD SURVEY, MIKE NOVOGRATZ, GALAXY,BITGO, Nexo, KucoinQTUM,OMG,NFT's,BITSO,Pantera Capital, Goldman Sach ,BCH,UBS, CITIBANK, OPERATIONAL RISKS, OpenOcean AGI,ALGO,MUSK,INSTITUTIONS, ETC, StormX,futures,Derivatives FLOW,ETH,ETC,XRP,BTC,CHZ.DOGE,HACKED, EOS, PETER DRUCKENT MILLER, PETER THIEL, NOMURA , EOS,ETC,ada,chz,mercado libre,citibank, Tron, network, & BSC,13. Derivatives on BTC and ETH are very telling. BTC and ETH futures prices are in Backwardation - expecting future lower prices

Cryptocurrency & FinancialMarkets 13th July 2021Crypto markets % drip downwardsa Killer ....For 2 months .....Today, I talk about the following:1. The Crypto markets are not valuing business, activity on the network, clients and net cash flow properly. A reflection of an" immature market". In saying that, it provides enormous amount of opportunities in this market. 2. Low supply of coins on the exchanges - BTC3. USD equity markets are parabolic - seriously expensive on every level you look at4. Fund managers buy 12% of Micro strategy5. Polygon adds over 10 new clients and yet its price goes down - stupid people 6. 10 year bond yield at 1.35% doesn't reflect CPI month on month of .9% that is over 10% year-on-year 7. Wirex has added 10 more cryptos on its platform8. VeChain goes into DEFis9. Polkodot adding more clients 10. Look up the Taylor Rule for interest rates 11. Fiat markets, Economics, the FED, Stagflation,10 yr USD bond yield rate, Social media and more12. Gary Gensler, Staglation,LTC, BINANCE,Paul Tudor Jones,George Soros,Cowen, Investments,PundiX,EBAY,FTX,PAYPAL,QTUM,POLYGON,SXP,BNB,OKEX,FUN,BYBIT,HT,KUCOIN,WAVES,FILECOINS.BYBIT, THOR,TEZOS,ROBINHOOD, COINBASE,fidelity, stone investments, BTT, PAXOS, BANK OF AMERICA, DCG, WAR, ISRAEL, SEC,FED KAPLAN,FED ,FUNFAIR, BOSIC,TAPER, POLYGON, MATIC, SHINU, ALPHA, BTC EFT, SAXO BANK, COINBASE,Bank of Oman, Bank of America,Paxful,OKcoin, Musk,ENJ,JP Morgan,Polygon Bridge,Kusama,Bullish break out , bullish triangle, 4 hour, 200 day moving average,Tezos , HOFAR,FINANCE,INVWXT,ridge,PRO,DOT,LINK,SOL,BiTSTAMP,SOLDITY,RUST,NOKIA,WEB3,MARK CARNEGIE,TRAVEL RULE, MASTER CARD SURVEY, MIKE NOVOGRATZ, GALAXY,BITGO, Nexo, KucoinQTUM,OMG,NFT's,BITSO,Pantera Capital, Goldman Sach ,BCH,UBS, CITIBANK, OPERATIONAL RISKS, OpenOcean AGI,ALGO,MUSK,INSTITUTIONS, ETC, StormX,futures,Derivatives FLOW,ETH,ETC,XRP,BTC,CHZ.DOGE,HACKED, EOS, PETER DRUCKENT MILLER, PETER THIEL, NOMURA , EOS,ETC,ada,chz,mercado libre,citibank, Tron, network, & BSC,13. Derivatives on BTC and ETH are very telling. BTC and ETH futures prices are in Backwardation - expecting future lower prices

Cryptocurrency & FinancialMarkets 13th July 2021Crypto markets % drip downwardsa Killer ....For 2 months .....Today, I talk about the following:1. The Crypto markets are not valuing business, activity on the network, clients and net cash flow properly. A reflection of an" immature market". In saying that, it provides enormous amount of opportunities in this market. 2. Low supply of coins on the exchanges - BTC3. USD equity markets are parabolic - seriously expensive on every level you look at4. Fund managers buy 12% of Micro strategy5. Polygon adds over 10 new clients and yet its price goes down - stupid people 6. 10 year bond yield at 1.35% doesn't reflect CPI month on month of .9% that is over 10% year-on-year 7. Wirex has added 10 more cryptos on its platform8. VeChain goes into DEFis9. Polkodot adding more clients 10. Look up the Taylor Rule for interest rates 11. Fiat markets, Economics, the FED, Stagflation,10 yr USD bond yield rate, Social media and more12. Gary Gensler, Staglation,LTC, BINANCE,Paul Tudor Jones,George Soros,Cowen, Investments,PundiX,EBAY,FTX,PAYPAL,QTUM,POLYGON,SXP,BNB,OKEX,FUN,BYBIT,HT,KUCOIN,WAVES,FILECOINS.BYBIT, THOR,TEZOS,ROBINHOOD, COINBASE,fidelity, stone investments, BTT, PAXOS, BANK OF AMERICA, DCG, WAR, ISRAEL, SEC,FED KAPLAN,FED ,FUNFAIR, BOSIC,TAPER, POLYGON, MATIC, SHINU, ALPHA, BTC EFT, SAXO BANK, COINBASE,Bank of Oman, Bank of America,Paxful,OKcoin, Musk,ENJ,JP Morgan,Polygon Bridge,Kusama,Bullish break out , bullish triangle, 4 hour, 200 day moving average,Tezos , HOFAR,FINANCE,INVWXT,ridge,PRO,DOT,LINK,SOL,BiTSTAMP,SOLDITY,RUST,NOKIA,WEB3,MARK CARNEGIE,TRAVEL RULE, MASTER CARD SURVEY, MIKE NOVOGRATZ, GALAXY,BITGO, Nexo, KucoinQTUM,OMG,NFT's,BITSO,Pantera Capital, Goldman Sach ,BCH,UBS, CITIBANK, OPERATIONAL RISKS, OpenOcean AGI,ALGO,MUSK,INSTITUTIONS, ETC, StormX,futures,Derivatives FLOW,ETH,ETC,XRP,BTC,CHZ.DOGE,HACKED, EOS, PETER DRUCKENT MILLER, PETER THIEL, NOMURA , EOS,ETC,ada,chz,mercado libre,citibank, Tron, network, & BSC,13. Derivatives on BTC and ETH are very telling. BTC and ETH futures prices are in Backwardation - expecting future lower prices

Cryptocurrency & FinancialMarkets 13th July 2021Crypto markets % drip downwardsa Killer ....For 2 months .....Today, I talk about the following:1. The Crypto markets are not valuing business, activity on the network, clients and net cash flow properly. A reflection of an" immature market". In saying that, it provides enormous amount of opportunities in this market. 2. Low supply of coins on the exchanges - BTC3. USD equity markets are parabolic - seriously expensive on every level you look at4. Fund managers buy 12% of Micro strategy5. Polygon adds over 10 new clients and yet its price goes down - stupid people 6. 10 year bond yield at 1.35% doesn't reflect CPI month on month of .9% that is over 10% year-on-year 7. Wirex has added 10 more cryptos on its platform8. VeChain goes into DEFis9. Polkodot adding more clients 10. Look up the Taylor Rule for interest rates 11. Fiat markets, Economics, the FED, Stagflation,10 yr USD bond yield rate, Social media and more12. Gary Gensler, Staglation,LTC, BINANCE,Paul Tudor Jones,George Soros,Cowen, Investments,PundiX,EBAY,FTX,PAYPAL,QTUM,POLYGON,SXP,BNB,OKEX,FUN,BYBIT,HT,KUCOIN,WAVES,FILECOINS.BYBIT, THOR,TEZOS,ROBINHOOD, COINBASE,fidelity, stone investments, BTT, PAXOS, BANK OF AMERICA, DCG, WAR, ISRAEL, SEC,FED KAPLAN,FED ,FUNFAIR, BOSIC,TAPER, POLYGON, MATIC, SHINU, ALPHA, BTC EFT, SAXO BANK, COINBASE,Bank of Oman, Bank of America,Paxful,OKcoin, Musk,ENJ,JP Morgan,Polygon Bridge,Kusama,Bullish break out , bullish triangle, 4 hour, 200 day moving average,Tezos , HOFAR,FINANCE,INVWXT,ridge,PRO,DOT,LINK,SOL,BiTSTAMP,SOLDITY,RUST,NOKIA,WEB3,MARK CARNEGIE,TRAVEL RULE, MASTER CARD SURVEY, MIKE NOVOGRATZ, GALAXY,BITGO, Nexo, KucoinQTUM,OMG,NFT's,BITSO,Pantera Capital, Goldman Sach ,BCH,UBS, CITIBANK, OPERATIONAL RISKS, OpenOcean AGI,ALGO,MUSK,INSTITUTIONS, ETC, StormX,futures,Derivatives FLOW,ETH,ETC,XRP,BTC,CHZ.DOGE,HACKED, EOS, PETER DRUCKENT MILLER, PETER THIEL, NOMURA , EOS,ETC,ada,chz,mercado libre,citibank, Tron, network, & BSC,13. Derivatives on BTC and ETH are very telling. BTC and ETH futures prices are in Backwardation - expecting future lower prices

Cryptocurrency & FinancialMarkets 13th July 2021Crypto markets % drip downwardsa Killer ....For 2 months .....Today, I talk about the following:1. The Crypto markets are not valuing business, activity on the network, clients and net cash flow properly. A reflection of an" immature market". In saying that, it provides enormous amount of opportunities in this market. 2. Low supply of coins on the exchanges - BTC3. USD equity markets are parabolic - seriously expensive on every level you look at4. Fund managers buy 12% of Micro strategy5. Polygon adds over 10 new clients and yet its price goes down - stupid people 6. 10 year bond yield at 1.35% doesn't reflect CPI month on month of .9% that is over 10% year-on-year 7. Wirex has added 10 more cryptos on its platform8. VeChain goes into DEFis9. Polkodot adding more clients 10. Look up the Taylor Rule for interest rates 11. Fiat markets, Economics, the FED, Stagflation,10 yr USD bond yield rate, Social media and more12. Gary Gensler, Staglation,LTC, BINANCE,Paul Tudor Jones,George Soros,Cowen, Investments,PundiX,EBAY,FTX,PAYPAL,QTUM,POLYGON,SXP,BNB,OKEX,FUN,BYBIT,HT,KUCOIN,WAVES,FILECOINS.BYBIT, THOR,TEZOS,ROBINHOOD, COINBASE,fidelity, stone investments, BTT, PAXOS, BANK OF AMERICA, DCG, WAR, ISRAEL, SEC,FED KAPLAN,FED ,FUNFAIR, BOSIC,TAPER, POLYGON, MATIC, SHINU, ALPHA, BTC EFT, SAXO BANK, COINBASE,Bank of Oman, Bank of America,Paxful,OKcoin, Musk,ENJ,JP Morgan,Polygon Bridge,Kusama,Bullish break out , bullish triangle, 4 hour, 200 day moving average,Tezos , HOFAR,FINANCE,INVWXT,ridge,PRO,DOT,LINK,SOL,BiTSTAMP,SOLDITY,RUST,NOKIA,WEB3,MARK CARNEGIE,TRAVEL RULE, MASTER CARD SURVEY, MIKE NOVOGRATZ, GALAXY,BITGO, Nexo, KucoinQTUM,OMG,NFT's,BITSO,Pantera Capital, Goldman Sach ,BCH,UBS, CITIBANK, OPERATIONAL RISKS, OpenOcean AGI,ALGO,MUSK,INSTITUTIONS, ETC, StormX,futures,Derivatives FLOW,ETH,ETC,XRP,BTC,CHZ.DOGE,HACKED, EOS, PETER DRUCKENT MILLER, PETER THIEL, NOMURA , EOS,ETC,ada,chz,mercado libre,citibank, Tron, network, & BSC,13. Derivatives on BTC and ETH are very telling. BTC and ETH futures prices are in Backwardation - expecting future lower prices

This episode is also available as a blog post: http://confoundedinterest.net/2021/06/02/the-feds-mission-creep-and-inflation-asset-bubbles-and-housing-taylor-rule-indicates-fed-target-rate-of-4-79-rate-currently-at-0-25/

This episode is also available as a blog post: http://confoundedinterest.net/2021/05/03/the-fed-is-killing-mbs-market-spreads-taylor-rule-rudebusch-suggests-fed-funds-target-rate-of-3-25-it-is-0-25/

This episode is also available as a blog post: http://confoundedinterest.net/2021/04/07/taylor-rule-rudebusch-calls-for-fed-funds-target-rate-of-2-66-fed-rate-is-currently-at-0-25/

A timely and relevant conversation with Scott Taylor who served his country in the US Navy as a SEAL sniper, and later as member of Congress after a successful career in real estate. During his service to our nation, Taylor sustained serious injuries on a combat mission during Operation Iraqi Freedom. He also served as a legislator in the Virginia House of Delegates from 2013-2017. Scott Taylor joined America's Roundtable after winning the Republican primary in Virginia’s 2nd district. He is seeking to win back the seat from the Democratic representative and advance principled solutions. At the Jerusalem Leaders Summit in Israel, Scott Taylor delivered a keynote address on affirming peace through strength and the significance of strengthening ties with Israel based on shared values and principles. In 2017 on Capitol Hill, Scott Taylor joined a strategic event on strengthening the rule of law and has supported initiatives that strengthen ties between America and India on the economic and security fronts. https://ileaderssummit.org/ | https://jerusalemleaderssummit.com/ | https://ileaderssummit.org/services/americas-roundtable-radio/ https://podcasts.apple.com/us/podcast/americas-roundtable/id1518878472 Twitter: @Scotttaylorva @ileaderssummit @NatashaSrdoc @JoelAnandUSA America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit. America’s Roundtable radio program - a strategic initiative of International Leaders Summit, focuses on America’s economy, healthcare reform, rule of law, security and trade, and its strategic partnership with rule of law nations around the world. The radio program features high-ranking US administration officials, cabinet members, members of Congress, state government officials, distinguished diplomats, business and media leaders and influential thinkers from around the world. America’s Roundtable is aired by Lanser Broadcasting Corporation - The Pledge Radio, at 96.5 FM, 98.9 FM and 1260 AM, covering Michigan’s major market, and through podcast on iTunes and other key online platforms. The Pledge Radio also features Salem Radio Network’s Dennis Prager and Michael Medved.

Ed Nelson is a senior advisor at the Federal Reserve Board of Governors and formerly worked at the St. Louis Federal Reserve Bank and the Bank of England. Today, he joins the show to discuss his research on the role of money in business cycles. David and Ed also discuss nominal income targeting, Milton’s Friedman’s influence on monetary economics, and Australia’s successful monetary policy performance. [To sign-up for Mercatus’ NGDP prediction market, go to get.mercatus.org/ngdppredictions/. Just answer a few simple questions, and you’ll receive an email invitation to start forecasting!] David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth Ed’s Federal Reserve profile: https://www.federalreserve.gov/econres/edward-nelson.htm Related Links: *Tobin’s Imperfect Asset Substitution in Optimizing General Equilibrium* by Javier Andrés, J. David López-Salido, and Edward Nelson https://pdfs.semanticscholar.org/46d3/a4a1f1b5a6b08158f06edd6c7122fbc23c7f.pdf *Nominal GDP Targeting and the Taylor Rule on an Even Playing Field* by David Beckworth and Josh Hendrickson https://www.mercatus.org/publications/nominal-GDP-targeting-taylor-rule

Jim, Evan and Phil hold forth on noteworthy sightings in credit,  while Jim challenges a core premise of modern central banking.  0:43 #ECB taper announcement 2:36 Taylor Rule funds rate and the flattening yield curve 5:05 The search for “stability” 8:35 Kobe Steel bondholder surprise 9:55 10-year yield at a key level 12:14 The last great #bond bear.  In like a lamb… 14:01 “Unprecedented in degree, persistence and circumstance” Subscribe to Grant’s Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant’s Interest Rate Observer is available at http://www.grantspub.com

Arguments for a "rules based" Fed are gaining momentum on both the political Left and Right — and even among some libertarians. Would the adoption of ideas like NGDP targeting and the "Taylor Rule" really make the Fed less dangerous? Would they be an improvement on the Fed's current discretionary approach? Can monetary "rules" really contain booms and busts, or would Yellen and company simply break them at the first sign of the next crash? Professor Peter Klein joins Jeff for a discussion.Read Rothbard's What Has Government Done to Our Money? here.]]>

Arguments for a "rules based" Fed are gaining momentum on both the political Left and Right — and even among some libertarians. Would the adoption of ideas like NGDP targeting and the "Taylor Rule" really make the Fed less dangerous? Would they be an improvement on the Fed's current discretionary approach? Can monetary "rules" really contain booms and busts, or would Yellen and company simply break them at the first sign of the next crash? Professor Peter Klein joins Jeff for a discussion.Read Rothbard's What Has Government Done to Our Money? here.

Arguments for a "rules based" Fed are gaining momentum on both the political Left and Right — and even among some libertarians. Would the adoption of ideas like NGDP targeting and the "Taylor Rule" really make the Fed less dangerous? Would they be an improvement on the Fed's current discretionary approach? Can monetary "rules" really contain booms and busts, or would Yellen and company simply break them at the first sign of the next crash? Professor Peter Klein joins Jeff for a discussion.Read Rothbard's What Has Government Done to Our Money? here.

It’s simple really. Inside the hallowed halls of the Federal Reserve, unelected, largely unaccountable bureaucrats decide whether the economy is running too hot or too cold, then tinker with monetary policy accordingly. It’s a tremendous amount of power. A generous reading of history suggests the Fed has a dubious track record of forecasting where the U.S. economy is headed. In fact, many are searching for a better way – an alternative to a broken system. None is in more earnest pursuit than Danielle DiMartino Booth, whose brand new book “Fed Up” explains why the current Federal Reserve system is due for a serious revamp. Few are as critical or as qualified to suggest fixes. DiMartino Booth joined Richard Fisher’s Dallas Federal Reserve shortly after the cracks in the financial system were beginning to show. The Fed spent much of 2007 vehemently denying these cracks even existed. Recall in July 2005, that when asked about an impending housing bubble bursting, one that might trigger recession, then Fed chair Ben Bernanke famously said, “I guess I don't buy your premise. It's a pretty unlikely possibility.” During her decade or so at the Dallas Fed, DiMartino Booth recalls feeling initially “daunted” by all these “brilliant people” who could “do calculus in their sleep.” She quickly became disillusioned by how insular the organization was. Sure, the halls were packed with Ph.D’s but many of these academics really didn’t understand the ins and outs of markets. “Generally, if you say stock market to a Ph.D. economist it’s like saying ‘Boo!’ on Halloween. They get all freaked out,” DiMartino Booth says. As the housing market was rolling over and Bear Stearns blew up, “it felt like a hospital,” she says. “Nobody was really worried.” Unsurprisingly, the Fed’s cloistered monasticism has come under tremendous scrutiny and criticism. Many things need to change. “I think the first step should be an acknowledgement of their own fallibility,” she says. “They really are espousing one view of economic thought that would make even Keynes rotate in his grave.” What else? DiMartino Booth suggests a number practical reforms. “We’re no longer the same nation that we were in 1913 when the Federal Reserve act was initially conceived,” she says. In other words, let’s bring the Fed into the realities of the 21st Century. • Reduce the Fed’s mandate to just minimizing inflation. • Take the labor mandate out of the equation and put it back in the hands of the private sector. • Reduce regional Fed offices to ten districts (from twelve currently) by adding a regional Federal Reserve office (or two) on the West Coast and absorbing Minneapolis, St. Louis and Cleveland into Chicago. • Give every district a permanent vote to minimize the power of votes in New York and Washington D.C. • The Fed should hire a more diverse staff with more financial market familiarity and experience • The Fed needs a better appreciation of monetary policy rules, like the Taylor Rule, which would help serve as a system of checks and balances There’s hope. By June of 2018, vocal Fed critic President Donald Trump will be able to nominate as many as five Federal Open Market Committee (FOMC) members, DiMartino Booth notes. Meanwhile, accomplished former Goldman Sachs execs like Treasury Secretary Steven Mnuchin and director of the National Economic Council Gary Cohn have Trump’s ear on fixing the Fed. “They are clearly the two most powerful people when it comes to the economy and finance,” DiMartino Booth says. The crusade to fix the Fed continues. Change is coming.

Tom Keene and David Gura talk to Janus Capital's Bill Gross about the job report and the Fed. Prior to that, Carl Weinberg, High Frequency Economics' chief economist, says Italian banks are in trouble, no matter the outcome of the Italian referendum. Finally, Ira Jersey, a fixed-income strategist at OppenheimerFunds, says we'll see an uptick in yields for a few years and his colleague, Brian Levitt, says markets are starting to price in optimism. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Tom Keene and David Gura talk to Janus Capital's Bill Gross about the job report and the Fed. Prior to that, Carl Weinberg, High Frequency Economics' chief economist, says Italian banks are in trouble, no matter the outcome of the Italian referendum. Finally, Ira Jersey, a fixed-income strategist at OppenheimerFunds, says we'll see an uptick in yields for a few years and his colleague, Brian Levitt, says markets are starting to price in optimism.

Did the Fed blow it? Stanford University economist John Taylor says Federal Reserve policymakers erred by failing raise interest rates so far this year and the policy is “confusing people.” Also, Peter Hooper, chief economist at Deutsche Bank, says a stronger dollar will slow the pace of Fed hikes. And finally, Ira Jersey, a senior client portfolio manager at OppenheimerFunds, says a flatter yield curve this time around isn't a recession indicator. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Did the Fed blow it? Stanford University economist John Taylor says Federal Reserve policymakers erred by failing raise interest rates so far this year and the policy is “confusing people.” Also, Peter Hooper, chief economist at Deutsche Bank, says a stronger dollar will slow the pace of Fed hikes. And finally, Ira Jersey, a senior client portfolio manager at OppenheimerFunds, says a flatter yield curve this time around isn't a recession indicator.

John Taylor of Stanford University and the Hoover Institution joins host David Beckworth to discuss Taylor's famous monetary rule for central banks in setting interest rates in response to changes in inflation and output. They discuss how Taylor discovered the rule and how it has performed over time. Taylor also shares his thoughts for improving current Federal Reserve policy. David's blog: http://macromarketmusings.blogspot.com John Taylor's blog: http://economicsone.com/ Links from today's conversation: http://web.stanford.edu/~johntayl/Papers/Discretion.PDF http://www.federalreserve.gov/newsevents/speech/yellen20120606a.htm http://www.hoover.org/sites/default/files/research/docs/jmcb_lecture.pdf http://www.hoover.org/press-releases/hoover-press-getting-track-how-government-actions-and-interventions-caused-prolonged https://huizenga.house.gov/uploadedfiles/3189.fed.reform.section.by.section.pdf

Lawrence H. White of George Mason University talks with EconTalk host Russ Roberts about the possibility of a monetary constitution. Based on a new book, Renewing the Search for a Monetary Constitution, White explores different constitutional constraints that might be put on the government's role in money and monetary policy. Topics discussed include cryptocurrencies, the gold standard, the Taylor Rule, the performance of the Fed, free banking, and private currency.

Mateusz Machaj of the University of Wrocław dismantles the fashionable "Taylor Rule" for guiding Fed policy.

Brief look at the indicies used to measure unemployment and how there inadequate.

Scott Sumner of Bentley University and the blog The Money Illusion talks with host Russ Roberts about monetary policy and the state of the economy. Sumner argues that tight money in late 2008 precipitated the recession. He argues that the standard measures of monetary policy--growth in reserves or the Federal Funds rate--are misleading. Sumner suggests focusing instead on nominal GDP. He argues that the failure of the Fed to counter the drop in nominal GDP in late 2008 intensified the recession and points to the growth in unemployment. Along the way he discusses the Taylor Rule and other monetary prescriptions.

Scott Sumner of Bentley University and the blog The Money Illusion talks with host Russ Roberts about monetary policy and the state of the economy. Sumner argues that tight money in late 2008 precipitated the recession. He argues that the standard measures of monetary policy--growth in reserves or the Federal Funds rate--are misleading. Sumner suggests focusing instead on nominal GDP. He argues that the failure of the Fed to counter the drop in nominal GDP in late 2008 intensified the recession and points to the growth in unemployment. Along the way he discusses the Taylor Rule and other monetary prescriptions.

Scott Sumner of Bentley University and the blog The Money Illusion talks with host Russ Roberts about monetary policy and the state of the economy. Sumner argues that tight money in late 2008 precipitated the recession. He argues that the standard measures of monetary policy--growth in reserves or the Federal Funds rate--are misleading. Sumner suggests focusing instead on nominal GDP. He argues that the failure of the Fed to counter the drop in nominal GDP in late 2008 intensified the recession and points to the growth in unemployment. Along the way he discusses the Taylor Rule and other monetary prescriptions.

John Taylor of Stanford University talks with EconTalk host Russ Roberts about the fundamental causes of the financial crisis of 2008. Taylor argues that the housing bubble of the early 2000s was caused by excessively loose monetary policy, in particular, a sustained period of excessively low interest rates pursued by the Federal Reserve. Other topics covered include rules vs. discretion in monetary policy and the risks of inflation in the coming months. The conversation concludes with a discussion of the impact of the current crisis on future monetary policy and the field of macroeconomics.

John Taylor of Stanford University talks with EconTalk host Russ Roberts about the fundamental causes of the financial crisis of 2008. Taylor argues that the housing bubble of the early 2000s was caused by excessively loose monetary policy, in particular, a sustained period of excessively low interest rates pursued by the Federal Reserve. Other topics covered include rules vs. discretion in monetary policy and the risks of inflation in the coming months. The conversation concludes with a discussion of the impact of the current crisis on future monetary policy and the field of macroeconomics.

John Taylor of Stanford University talks about the Taylor Rule, his description of what the Fed ought to do and what it sometimes actually does, to keep inflation in check and the economy on a steady path. He argues that when the Fed has deviated from the Rule in recent years, the economy has performed poorly. Taylor also assesses the chances for a monetary or financial disaster and the Fed's recent expanded role in intervening in financial markets.

John Taylor of Stanford University talks about the Taylor Rule, his description of what the Fed ought to do and what it sometimes actually does, to keep inflation in check and the economy on a steady path. He argues that when the Fed has deviated from the Rule in recent years, the economy has performed poorly. Taylor also assesses the chances for a monetary or financial disaster and the Fed's recent expanded role in intervening in financial markets.