George Selgin on the Fed-Treasury Relationship, New Lending Facilities, and the Fed’s Evolving Role in Response to COVID-19

Macro Musings with David Beckworth

Apr 27, 2020•1 hr 4 min•Transcript available on Metacast

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Episode description

George Selgin is the Director of the Cato Institute Center for Monetary and Financial Alternatives and a returning guest to Macro Musings. He joins David to break down recent policy actions by the Federal Reserve and some of the resulting challenges, as they break down the Treasury’s recent $454 billion backstop on Federal Reserve lending, the complex array of new Fed lending facilities in response to COVID-19, and the Fed’s evolving role in the global economy.

The transcript for the episode can be found here.

George’s Twitter: @GeorgeSelgin

George’s Cato profile: https://www.cato.org/people/george-selgin