Peter Conti-Brown is a historian and legal scholar of the Federal Reserve System and an associate professor at the Wharton School of Business at the University of Pennsylvania. Peter returns to the podcast to discuss the state of Federal Reserve leadership under the incoming Trump administration, expectations for Fed independence, a new proposal for limiting stigma at the discount window, stories about a life lead by faith, and much more.

Check out the transcript for this week’s episode, now with links.

Recorded on January 10th, 2025

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Timestamps:

(00:00:00) – Intro

(00:01:23) – Reaching Audiences Through Various Forms of Media

(00:10:30) – Federal Reserve Under Trump 2.0

(00:21:33) – Jerome Powell

(00:25:56) – Michael Barr

(00:34:52) – New Discount Window Proposal

(00:40:27) – Faith Life

(00:56:28) – Radical Uncertainty

(01:00:15) – Outro

David Bahnsen is a Wall Street veteran and currently is the managing director of The Bahnsen Group. In David’s first appearance on the podcast, he talks through multiple questions about the incoming Trump Administration, the problem with the growing indebtedness of the US government, shifts in the Republican party, the notion of financialization of the US economy, and much more.

Check out the transcript for this week’s episode, now with links.

Follow David Beckworth on X: @DavidBeckworth

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Follow the show on X: @Macro_Musings

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Join the new Macro Musings Discord server!

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Subscribe to David's new BTS YouTube Channel

Timestamps:

(00:00:00) – Intro

(00:01:50) – David Bahnsen’s Career Path

(00:04:39) – Shifts in the Republican Party

(00:12:20) – Trump Administration 2.0 and Growth, the Fed, and the Financial Sector?

(00:33:38) – Financialization and Missed Boats

(00:54:02) – Outro

Marijn Bolhuis is an economist in the World Economic Studies Division of the IMF’s research department. In Marijn’s first appearance on the podcast he discusses his new paper, which introduces the idea of a fiscal r-star, and expands on another paper which helps economists understand why consumer sentiment is so depressed, despite relatively low unemployment and inflation coming back to target.

Check out the transcript for this week’s episode, now with links.

Follow David on X: @DavidBeckworth

Follow Marijn on X: @MA_Bolhuis

Follow the show on X: @Macro_Musings

Check out our new AI chatbot: the Macro Musebot!

Join the new Macro Musings Discord server!

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Subscribe to David's new BTS YouTube Channel

Timestamps:

(00:00:00) – Intro

(00:01:38) – Marijn Bolhuis’ Career Path

(00:06:02) – Fiscal R-Star

(00:45:30) – Cost of Money and Consumer Sentiment

(00:51:43) – Outro