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David Beckworth @davidbeckworth.bsky.social · 5d

Two recent Fed speeches suggest cracks are emerging in the FOMC's support of its ample reserve system! My latest: tinyurl.com/36d45t3h

From Floors to Ceilings: The Fed’s Quiet Turning Point?

Why Michelle Bowman and Lorie Logan may be setting the stage for a leaner balance sheet and a demand-driven ceiling system

tinyurl.com

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Reposted by David Beckworth

David Beckworth @davidbeckworth.bsky.social · 20d

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...

Changing the Federal Reserve Districts

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

macroeconomicpolicynexus.substack.com

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David Beckworth @davidbeckworth.bsky.social · 20d

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...

Changing the Federal Reserve Districts

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

macroeconomicpolicynexus.substack.com

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David Beckworth @davidbeckworth.bsky.social · 20d

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/...

LIVE SOON: Changing the Federal Reserve Districts

Starting Sep 18 at 1:00 PM EDT

open.substack.com

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David Beckworth @davidbeckworth.bsky.social · 26d

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

Redrawing Monetary Geography

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

macroeconomicpolicynexus.substack.com

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David Beckworth @davidbeckworth.bsky.social · Sep 3

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

Questions for Stephen Miran

Policy-Focused Questions for the Fed Governor Nominee

substack.com

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David Beckworth @davidbeckworth.bsky.social · Sep 2

The Fed’s Independence on Trial. The full video and transcript of my livestream with @petercontibrown.bsky.social macroeconomicpolicynexus.substack.com/p/the-feds-i...

The Fed’s Independence on Trial

Trump’s firing of Lisa Cook sparks a showdown over who really controls America’s central bank.

macroeconomicpolicynexus.substack.com

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Reposted by David Beckworth

Mark Copelovitch @mcopelov.bsky.social · Aug 31

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 · Aug 31

Latest newsletter: macroeconomicpolicynexus.substack.com/p/dollar-dom...

Dollar Dominance in an Age of Stablecoins

Robin Brooks and I discuss why dollar dominance endures and how stablecoins may deepen it

macroeconomicpolicynexus.substack.com

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David Beckworth @davidbeckworth.bsky.social · Aug 29

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 · Aug 29

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...

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

robinjbrooks.substack.com

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Reposted by David Beckworth

David Beckworth @davidbeckworth.bsky.social · Aug 17

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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David Beckworth @davidbeckworth.bsky.social · Aug 19

Here is the show and transcript: www.mercatus.org/macro-musing... (2/2)

Aditi Sahasrabuddhe on the Role Central Banker Relationships Play in Economic Crises

Aditi Sahasrabuddhe is a political scientist at Brown University and the author of the new book, Banker’s Trust: Ho

www.mercatus.org

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David Beckworth @davidbeckworth.bsky.social · Aug 19

New conversation on the importance of relationship building at Jackson Hole and other CB gatherings. When metrics aren't reliable and collateral values uncertain, CB relationships become paramount in financial crisis management, as shown by Aditi Sahasrabuddhe. (1/2)
youtube.com/shorts/ZgR1l...

Would you give someone a loan you didn’t like? | Macro Musings

YouTube video by Mercatus Center

youtube.com

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Reposted by David Beckworth

David Beckworth @davidbeckworth.bsky.social · Aug 17

Since it is Jackson Hole week, my outlook and hope for the big reveal of the Fed's new framework. And my hopes for a few other Fed reforms: shorturl.at/tFW9f (1/2)

A Whole Lot of Fed and a Little Bit of Bitcoin

Strengthening U.S. monetary policy, from Jackson Hole to the blockchain.

shorturl.at

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David Beckworth @davidbeckworth.bsky.social · Aug 17

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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David Beckworth @davidbeckworth.bsky.social · Aug 17

Since it is Jackson Hole week, my outlook and hope for the big reveal of the Fed's new framework. And my hopes for a few other Fed reforms: shorturl.at/tFW9f (1/2)

A Whole Lot of Fed and a Little Bit of Bitcoin

Strengthening U.S. monetary policy, from Jackson Hole to the blockchain.

shorturl.at

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David Beckworth @davidbeckworth.bsky.social · Aug 8

Latest newsletter
macroeconomicpolicynexus.substack.com/p/the-rise-a...

The Rise and Redemption of Stablecoins

From panic over Libra to a possible solution to the global financial cycle

macroeconomicpolicynexus.substack.com

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Reposted by David Beckworth

Robin Brooks @robin-j-brooks.bsky.social · Aug 8

Yesterday I taped a Macro Musings episode with @davidbeckworth.bsky.social to discuss the global tariff war, why the US backed down against China in April, US reserve currency status plus secondary tariffs and sanctions on Russia’s shadow fleet. Episode will air on August 25. Huge thanks to David…

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David Beckworth @davidbeckworth.bsky.social · Aug 4

You can't hide out forever! Going to have take the Macro Musing podcast on a road trip through Europe and stop by the BIS! We are going to corner you in your office and put a mike in front of you before the BIS public affairs office can say no!

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David Beckworth @davidbeckworth.bsky.social · Aug 4

Here is the transcript and full show: www.mercatus.org/macro-musing... (2/2) Shoutouts to @aldasoro.bsky.social

Rashad Ahmed on the Global Impact of US Stablecoin Regulation and Crypto Adoption

Rashad Ahmed is a former Treasury and Office of the Comptroller of the Currency financial economist and is currentl

www.mercatus.org

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David Beckworth @davidbeckworth.bsky.social · Aug 4

Delighted to have @rashad-ahmed.bsky.social on the show this week to discuss the macro implications of crypto, including the potential dollarization of Europe via stablecoins, Fed's global role via stablecoins, tbill yields relationship to stablecoins, and more! (1/2) www.youtube.com/shorts/GrNsG...

How will US Dollar Stablecoins Effect the Global Impact of the Dollar? | Macro Musings

YouTube video by Mercatus Center

www.youtube.com

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Reposted by David Beckworth

EconReporter @econreporter.bsky.social · Aug 3

@davidbeckworth.bsky.social 's interview with Paul Kupiec is really interesting. A major point is the fact that just some of the Regional Fed are losing money, not all

Paul Kupiec on Problems with the Fed’s Balance Sheet and Calls to End Interest on Reserves

Macro Musings with David Beckworth · Episode

open.spotify.com

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David Beckworth @davidbeckworth.bsky.social · Jul 28

Full show and text: www.mercatus.org/macro-musing... (2/2)

Paul Kupiec on Problems with the Fed’s Balance Sheet and Calls to End Interest on Reserves

Paul Kupiec is a senior fellow at the American Enterprise Institute.

www.mercatus.org

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David Beckworth @davidbeckworth.bsky.social · Jul 28

🎙️Think you know Fed's balance sheet issues? Wait to you hear the Paul Kupiec show!🎙️
-Fed losses not shared by all Fed banks. Some still profitable!
-Fed can require private member banks to help recapitalize Fed's BS.
-The SOMA portfolio gets allocated across Fed banks.
youtu.be/Cxbx-mLF8bQ (1/2)

Paul Tupiec on the allocation of the Fed's SOMA portfolio across the Fed banks.

YouTube video by David Beckworth

youtu.be

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