Raphael Bostic on Life as a Regional Fed President, the Responsibilities of a Dual Mandate, and the Results of the 2025 Framework Review

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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 Beckworth,

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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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  Welcome everyone to a very special edition of Macro Musings, the podcast.

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  We are coming to you live from the Atlanta Federal Reserve Bank with its president, Rafael Bostek.

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  Rafael, thank you for joining us.

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  Thank you for coming down to set some time with me.

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  Oh, it's great to be here in the building live,

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  and this will come out in a few weeks for the other listeners.

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  Last time we were together, it was in May at your wonderful financial markets conference.

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  You invited me to participate to moderate a panel.

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  But I love the conference because it dealt with the plumbing of the financial system.

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  We talked about private credit growth.

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  You had panels on the treasury market, the operating system of the central bank.

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  I moderated that one.

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  And you had a fascinating conversation with the vice chair of the Federal Reserve about the liquidity facility.

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  So a lot of fantastic conversations.

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