Peter Conti-Brown on the Fed under Trump 2.0, Reforming the Discount Window, and Providential Moments

Peter Conti-Brown 谈特朗普 2.0 下的美联储、贴现窗口改革和天意时刻

Macro Musings with David Beckworth

教育

2025-01-20

1 小时 0 分钟
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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 Follow David Beckworth on X: @DavidBeckworth Follow Peter Conti-Brown on BlueSky: @PeterContiBrown Follow the show on X: @Macro_Musings Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server! Join the Macro Musings mailing list! Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  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
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  • Welcome to Macro Musings, where 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 Beckwourth, a senior research fellow at the Merkita center at George Mason University, and I'm glad you decided to join us.

  • Our guest today is Peter Conti Brown.

  • Peter is an historian and legal scholar of the Federal Reserve System, an associate professor at the Wharton School of Business at the University of Pennsylvania, and a longtime friend of the podcast.

  • Peter joins us again today to take stock of where the Fed has been over the past few years and where it is likely to go under the Trump administration.

  • Peter, welcome back to the program.

  • Such a delight to be here.

  • David, thanks for having me.

  • It's great to have you on.

  • We were just chatting before you came on that you were on the podcast back in 2016, and if I do my math correctly, that means we are starting year number 10, which kind of blows my mind that I've been doing it for 10, going on 10 years.

  • But thank you, Peter, because you were there to kind of help jumpstart this endeavor.

  • And here you are at the other end of it, help keeping it going.

  • I'm glad to be part of the first generation of Macro Amusings.

  • It's my favorite podcast.

  • I never miss a week.

  • Well, thank you so much, Peter, but times are changing, and as times change, so do we and the mediums that we use to reach our audiences.

  • So we've been making changes here on the podcast.

  • For example, we post video clips.

  • We have an AI chatbot, We have a discord.

  • And you yourself have been taking on some new changes in your life in terms of the mediums through which you reach your audience.