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Reposted by David Beckworth

EconReporter @econreporter.bsky.social · 30/09/2026

I couldn't imagine a sitting central bank leader would do an podcast interview being this candid~ A good one from @davidbeckworth.bsky.social Erik Thedéen on QE, Central Bank Independence, and Digital Payments | Macro Musings: music.youtube.com/watch?v=AUJY...

music.youtube.com

Erik Thedéen on QE, Central Bank Independence, and Digital Payments | Macro Musings

YouTube video by Macro Musings with David Beckworth

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David Beckworth @davidbeckworth.bsky.social · 28/09/2026

Imagine a central bank that fully unwinds QE and runs a 'demand-driven' operating system where banks determine total liquidity? Well, imagine no more! Meet the @riksbank.se and its Governor Erik Thedéen! youtu.be/AUJYZ4oHQiE?... (1/2)

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Erik Thedéen on QE, Central Bank Independence, and Digital Payments | Macro Musings

YouTube video by Macro Musings with David Beckworth

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New York Fed @newyorkfed.org · 21/09/2026

Capital Markets Trading Advisor Ellen Correia Golay discusses the Treasury market with David Beckworth. In this episode, Ellen discusses liquidity dynamics in off-the-run securities, all-to-all trading, and the expansion of central clearing. Read the full transcript here: nyfed.org/4Am4mad

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David Beckworth @davidbeckworth.bsky.social · 14/09/2026

At the July FOMC, the committee seemed genuinely supportive of the balance sheet task force. Here's hoping they continue the conversation this week and draw lessons from the RBA. My latest: An Aussie Way Forward for the Fed macroeconomicpolicynexus.substack.com/p/an-aussie-...

macroeconomicpolicynexus.substack.com

An Aussie Way Forward for the Fed

Making Central Bank Liquidity More Accessible, Routine, and Market Friendly

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Reposted by David Beckworth

EconReporter @econreporter.bsky.social · 07/09/2026

Kevin Warsh's Jackson Hole speech led with his hiking experiences with Donald Kohn Listening to Kohn's interview with @davidbeckworth.bsky.social I think Warsh almost exactly took Kohn's advice on that speech And Kohn is indeed a wise man here in this interview

youtube.com

Donald Kohn on the Fed’s Past, Present, and Future | Macro Musings

YouTube video by Macro Musings with David Beckworth

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David Beckworth @davidbeckworth.bsky.social · 31/08/2026

Kevin Warsh said last week at Jackson Hole: "Is this a Kohn day or a Bernanke day?" Buckle up folks, cause it is a Don Kohn day on the podcast this week! www.mercatus.org/macro-musing...

mercatus.org

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David Beckworth @davidbeckworth.bsky.social · 19/08/2026

The July FOMC minutes are out and from it we learned that the committee is loving on the balance sheet task force. Great timing with this week podcast with Bill Nelson. youtu.be/QIKlPCsqVI0?...

youtu.be

Bill Nelson on Shrinking the Fed’s Balance Sheet and Reviving Interbank Markets | Macro Musings

YouTube video by Macro Musings with David Beckworth

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David Beckworth @davidbeckworth.bsky.social · 15/07/2026

Have we over learned the lesson of "It's a Wonderful Life" and Diamond-Dybvig? Stephan Luck says yes. His research with Emil Verner and Sergio Correia finds healthy banks typically survive runs, while weak fundamentals explain most bank failures. youtu.be/Dgr8clxpb6Q?... (1/2)

youtu.be

Stephan Luck on What History can Teach Us about Financial Stability | Macro Musings

YouTube video by Macro Musings with David Beckworth

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EconReporter @econreporter.bsky.social · 15/06/2026

Excellent discussion on Fed balance sheet from the angle of Friedman Rule from @davidbeckworth.bsky.social

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David Beckworth @davidbeckworth.bsky.social · 25/05/2026

Delighted to have David Zaring join the show to discuss skinny Fed master accounts, the future of OCC trust charters, why financial regulation looks very different from the rest of the administrative state, and more! (1/2) www.mercatus.org/macro-musing...

mercatus.org

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Chris Odinet @chrisodinet.bsky.social · 21/05/2026

Such an enormous treat getting to present our paper on #Moneyness & #Stablecoins @ #MacroMusings w/ @andreatosato.bsky.social & Yesha Yadav; a huge thanks to our host, the ever-thoughtful @davidbeckworth.bsky.social

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David Beckworth @davidbeckworth.bsky.social · 05/05/2026

Cohosted the podcast with @petercontibrown.bsky.social this week! We were live at the 2026 @Wharton FinReg conference and discussed how 2008 reshaped FinReg, bank supervision debates, AI risk to fin stability, the growing overlap between Finreg & monetary policy, and more! youtu.be/Goq7M0aQ9dI?...

youtu.be

Peter Conti-Brown and David Beckworth on All Things Financial Regulation | Macro Musings

YouTube video by Macro Musings with David Beckworth

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Win Monroe @winmonroe.bsky.social · 08/04/2026

A nice summary as always here from David

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David Beckworth @davidbeckworth.bsky.social · 17/03/2026

Calls for Discount Window reform are being driven, in part, by a paradox in the post-GFC liquidity framework: banks are encouraged to hoard liquidity in normal times but hesitate to use it during stress. Details in my latest newsletter: open.substack.com/pub/macroeco...

open.substack.com

More Buffer, Less Stigma: The Case for Discount Window Reform

Why integrating the Discount Window into liquidity regulation could reduce reserve demand, shrink the Fed’s footprint, and strengthen financial stability.

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David Beckworth @davidbeckworth.bsky.social · 09/03/2026

Delighted to have Jesus Fernandez-Villaverde back on the pod this week. We cover demographic decline, the robustness of dollar dominance, AI, and whether his vast expertise defies comparative advantage! www.youtube.com/watch?v=eRvI...

youtube.com

Jesús Fernández-Villaverde on the Quandary of Global Demographic Decline | Macro Musings

YouTube video by Macro Musings with David Beckworth

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David Beckworth @davidbeckworth.bsky.social · 27/02/2026

In commemoration of Raphael Bostic’s retirement from the @atlantafed.org, we are re-releasing his appearance on Macro Musings from last year on our new YouTube Channel. www.youtube.com/watch?v=rXnI...

youtube.com

Raphael Bostic on Life as a Regional Fed President and the Responsibilities of a Dual Mandate | MM

YouTube video by Macro Musings with David Beckworth

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David Beckworth @davidbeckworth.bsky.social · 25/02/2026

Latest newsletter outlining Raghu Rajan's liquidity dependence and QE ratchet arguments, its relationship to Kevin Warsh's balance sheet vision, and my response to questions: macroeconomicpolicynexus.substack.com/p/macro-musi...

macroeconomicpolicynexus.substack.com

Raghuram Rajan: Breaking the QE Ratchet Effect

Raghuram Rajan on liquidity dependence, the Fed’s expanding balance sheet, and how to restore normalization as the default.

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Reposted by David Beckworth

Dario Perkins @darioperkins.bsky.social · 02/02/2026

shrinking the balance sheet is a silly idea and I doubt Warsh will do it. Pure virtue signaling. BUT if he does do it, he should read David's proposal in this blog. At least David has thought seriously about this issue.. required reading today macroeconomicpolicynexus.substack.com/p/deja-vu-at...

macroeconomicpolicynexus.substack.com

Déjà Vu at the Federal Reserve

How liquidity dependence keeps ratcheting up the Fed’s balance sheet and what can be done about it.

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Julien Pinter @julien-pinter.bsky.social · 08/01/2026

I recently caught up with this interview of Claudio Borio from @davidbeckworth.bsky.social on the future of CB operating systems t.co/2IMELpougN (associated BIS paper: www.bis.org/publ/work110...). A key point: the often-stated argument for keeping an “ample” reserve framework may be overstated.

t.co

https://www.mercatus.org/macro-musings/claudio-borio-future-central-bank-operating-systems

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Reposted by David Beckworth

EconReporter @econreporter.bsky.social · 09/12/2025

@davidbeckworth.bsky.social asked a very important question here. How did the centra banks all land on a similar journey of pursuing demand-driven system? www.mercatus.org/macro-musing...

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David Beckworth @davidbeckworth.bsky.social · 09/12/2025

The Fed’s losses have stopped. But the story isn’t over. One Reserve Bank stayed profitable (Atlanta) and the reasons why tell us a lot about the Fed’s balance sheet, QT, and the risks ahead. New Substack: macroeconomicpolicynexus.substack.com/p/the-feds-l...

macroeconomicpolicynexus.substack.com

The Fed’s Losses, Atlanta’s Lesson, and the Case for Balance-Sheet Reform

Why one Fed bank remained in the black while the rest fell into losses—and what that means for the future operating framework.

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David Beckworth @davidbeckworth.bsky.social · 28/11/2025

For those old enough to have debated Abenomics in the 2010s, below is a figure of what it did for nominal demand. I discussed Abenomics with @birdyword.bsky.social on the podcast this week and also in my newsletter: macroeconomicpolicynexus.substack.com/p/a-macroeco...

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Reposted by David Beckworth

EconReporter @econreporter.bsky.social · 19/11/2025

Miran's speech today cited a 2022 Macro Musing podcast with Randal Quarles, @davidbeckworth.bsky.social ~

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David Beckworth @davidbeckworth.bsky.social · 12/11/2025

Meet Sim Powell and his LLM Fed colleagues that argue, cajole, and dissent like the real FOMC. Amazing discussion with @tarasinc.bsky.social on her work with Sophia Kazinnik where they replicate and experiment with the FOMC via LLMs of each Fed official! Full show: youtu.be/rpLAka4MKIc (1/2)

youtu.be

Tara Sinclair on a Synthetic AI FOMC

YouTube video by David Beckworth

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Karl Schamotta @karl-schamotta.bsky.social · 30/10/2025

A brilliantly clear-eyed view on how dollar stablecoins might impact the Fed’s operations: @davidbeckworth.bsky.social Barbarians at the Fed's Gate: Stablecoins are knocking and the Fed is letting them inside macroeconomicpolicynexus.substack.com/p/barbarians...

macroeconomicpolicynexus.substack.com

Barbarians at the Fed's Gate

Stablecoins are knocking and the Fed is letting them inside.

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Reposted by David Beckworth

David Beckworth @davidbeckworth.bsky.social · 18/09/2025

My chat today with Kaleb Nygaard on the changing borders of the Fed's districts and what it may mean for a politicized Fed today. macroeconomicpolicynexus.substack.com/p/changing-t...

macroeconomicpolicynexus.substack.com

Changing the Federal Reserve Districts

A conversation on the dynamic history of the Fed's geographical boundaries and its implications for today

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David Beckworth @davidbeckworth.bsky.social · 18/09/2025

My chat today with Kaleb Nygaard on the changing borders of the Fed's districts and what it may mean for a politicized Fed today. macroeconomicpolicynexus.substack.com/p/changing-t...

macroeconomicpolicynexus.substack.com

Changing the Federal Reserve Districts

A conversation on the dynamic history of the Fed's geographical boundaries and its implications for today

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David Beckworth @davidbeckworth.bsky.social · 18/09/2025

Can the Fed’s Board of Governors redraw and recreate its districts? Could this power be abused by the White House? Join Kaleb Nygaard and me as we discuss live at 1 pm ET here: open.substack.com/live-stream/...

open.substack.com

LIVE SOON: Changing the Federal Reserve Districts

Starting Sep 18 at 1:00 PM EDT

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David Beckworth @davidbeckworth.bsky.social · 12/09/2025

How much power does the Fed's Board of Governors have to redraw, eliminate, and create new Fed Districts? macroeconomicpolicynexus.substack.com/p/redrawing-...

macroeconomicpolicynexus.substack.com

Redrawing Monetary Geography

How Section 2 of the FRA reshaped the Federal Reserve’s district map over the past century

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David Beckworth @davidbeckworth.bsky.social · 03/09/2025

Some questions for the aspiring Fed Governor at his Senate hearing this week. substack.com/home/post/p-...

substack.com

Questions for Stephen Miran

Policy-Focused Questions for the Fed Governor Nominee

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Reposted by David Beckworth

Mark Copelovitch @mcopelov.bsky.social · 31/08/2025

Great discussion between @davidbeckworth.bsky.social & @robin-j-brooks.bsky.social on the ways in which stablecoins are likely to increase, rather than undermine, dollar hegemony: bsky.app/profile/davi...

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David Beckworth @davidbeckworth.bsky.social · 29/08/2025

Fed independence is under serious threat. 🚨Tune in next Tuesday at 12pm ET to my Substack Live Stream with @petercontibrown.bsky.social 🚨 We will discuss the firing of Federal Reserve Governor Lisa Cook, the future of Fed independence, and much more. Link: open.substack.com/live-stream/...

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Reposted by David Beckworth

Robin Brooks @robin-j-brooks.bsky.social · 29/08/2025

Here's this morning's live stream on Stablecoins with @davidbeckworth.bsky.social who runs the Macro Musings podcast at the Mercatus Center at GMU. We debate if Stablecoins can boost demand for Dollars and thus could boost Dollar hegemony still further... robinjbrooks.substack.com/p/live-strea...

robinjbrooks.substack.com

Live stream with David Beckworth, Senior Research Fellow at the Mercatus Center at GMU, on: “Will Stablecoins help or hurt the Dollar?”

A recording from Robin J Brooks's live video

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David Beckworth @davidbeckworth.bsky.social · 17/08/2025

Also, per @tracyalloway.bsky.social, the real discussions at Jackson Hole this week will be about Fed independence. Some may invoke independence definitions (1) and (2) below in their conversations, but I think (4) is the real concern as I explain here: shorturl.at/Je7zB (2/2)

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