2024-06-24
55 分钟Welcome to Macro museums.
For each week we pull back the curtain and take a closer look at the most important macroeconomic issues of the past, present and future.
I am your host, David Beckworth, a senior research fellow at the Mercator center at George Mason University.
And I'm glad you decided to join us.
Our guest today is Jeffrey Lacker.
Jeff worked at the Federal Reserve bank of Richmond from 1989 to 2017 and was as president from 2004 to 2017.
Jeff is now a senior affiliated scholar at the Mercator center and a returning guest to the podcast.
Jeff joins us today to discuss Fed governance issues and the lessons learned from the recent inflation surge.
Jeff, welcome back to the program.
My pleasure, David.
Great to be here.
Great to have you on.
And great again to have you on as affiliated scholar of the Mercator center.
We have some big guns now.
We got you Tom Hanig and a few others.
So very flattering.
We are glad to have you on board.
Now, last time you were on the program, we talked about your speech and then became a policy brief on governance issues.
And that was a great piece.
You had three main points, if I recall correctly, the decline in diverse viewpoints at the Fed, the growing role of the board of governors in Fed president's election, and then growing fiscal pressures from Congress.