Skanda Amarnath on the Future of the Federal Reserve and it’s Framework

斯坎达·阿玛尔纳特论美联储及其框架的未来

Macro Musings with David Beckworth

教育

2025-05-05

59 分钟
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Skanda Amarnath is the executive director of Employ America. Skanda returns to the show to discuss the standing of Humphrey’s Executor, the prospects for the Fed’s Framework Review, the case for NGDP Targeting, and much more. Check out the transcript for this week’s episode, now with links. Recorded on April 16th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Follow Skanda on X: @IrvingSwisher 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 (00:02:01) – Humphrey’s Executor (00:12:35) – The Fed’s Framework Review (00:37:18) – Fed’s Communication (00:47:36) – Productivity (00:59:07) – 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 Skanda Armanath.

  • Skanda is the Executive Director of Employee America and a close follower of the Federal Reserve System.

  • He joins us today to discuss the ongoing Fed framework review.

  • Skanda, welcome back to the podcast.

  • Thanks for having me again, David.

  • It's great to have you here in the studio,

  • and you have two new articles out, really great, very timely.

  • The first one is titled, The Supply Problem in the Fed's Framework,

  • Part 1, What Should the Fed Do About Tariff Inflation?

  • Great hook, great angle, but important issue that...

  • Both of us don't think the Fed wrestles with enough in this framework review,

  • and we'll come back to that.

  • And then today, as we are recording this April 16th, you have a second article out.

  • This one's titled The Supply Problem in the Fed's Framework, Part 2.