Andy Levin on the Importance of an Independent Inspector General at the Federal Reserve (BONUS)

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  Welcome to Macro Musings,

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  where each week we pull back the curtain and take a closer look at the most important macroeconomic issues of the past,

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  present, and future.

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  I am your host, David Beckwith,

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

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  and I'm glad you decided to join us.

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  Hey, Macromusing listeners,

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  this is a special bonus episode of the podcast with a special returning guest.

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  That guest is Andy Levin, a professor of economics at Dartmouth College,

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  a former Fed staffer, and a longtime advisor to many central banks.

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  Andy joined us a few months ago on the podcast to discuss a policy brief he had just published at the time that was titled,

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  Is the Federal Reserve Overstaffed or Overworked?

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  Insights from the Fed's Financial Statements.

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  This policy brief and Andy's appearance on the podcast generated a lot of interest,

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  conversations, and some pushback from the Fed itself.

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  In fact,

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  the policy brief was cited in a breaking Bloomberg News story about the Fed cutting back its workforce by 10%.

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  So I wanted to get Andy back on the program to respond to all the conversation and interest that he has generated with his work.

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  Andy, welcome back to the program.

• 01:23

  Oh, great to be with you, David.

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