Andy Levin on Holding the Fed Accountable

安迪·莱文关于对美联储负责的言论

Macro Musings with David Beckworth

教育

2025-04-28

59 分钟
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Andy Levin is a professor of economics at Dartmouth College and longtime advisor to many central banks. Andy returns to the show to discuss his policy brief on holding the Fed accountable for its spending practices. Check out the transcript for this week’s episode, now with links. Recorded on April 9th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth 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 (00:00:50) – Andy’s Professional Background (00:02:07) – Overstaffed or Overworked? (00:04:09) – The Fed’s Extraordinary Independence (00:10:10) – Inspector Generals and the Fed (00:20:33) – The Fed’s Workers and Payroll (00:37:35) – Updates to the Fed’s Headquarters (00:48:24) – Other Fed Challenges (00:56:26) – How to Improve the Fed (00:58:24) – 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 Beckwith,

  • a Senior Research Fellow with the Mercatus Center at George Mason University,

  • and I'm glad you decided to join us.

  • Our guest today is Andy Levin.

  • Andy is a professor of economics at Dartmouth College and a longtime Fed veteran and an advisor to many central banks.

  • Andy has a hot new Mercatus policy brief out titled,

  • Is the Federal Reserve Overstaffed or Overworked?

  • Insights from the Fed's Financial Statements.

  • He joins us today to talk about it.

  • Andy, welcome to the program.

  • Well, thanks a lot, David.

  • It's really great to be here.

  • It's great to have you back on.

  • You've been on the show previously, but this new policy brief is really something else,

  • and I'm excited to share it with our listeners today.

  • Now, remind us before we get into it,

  • you spent 20 years at the Federal Reserve, and I was looking at your resume.