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Macroeconomic Policy Nexus is a newsletter that will cover the Macro Musings podcast as well as the latest developments in the monetary, financial, and fiscal policy space that interest David Beckworth.

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Latest Issues

The Nominal Anchor Still Holds

The U.S. economy has now experienced inflation above 2 percent for five consecutive years. The latest reading, the March headline PCE inflation, came in hot at 3.5 percent, raising concerns that inflation may no longer be well anchored. Som...

13 days ago
14
8

Currency Swap Lines, Financial Statecraft, and Dollar Dominance

I recently sat down with Izabella Kaminska for a Substack Live to unpack the renewed interest in dollar swap lines, particularly the possibility of extending them to countries like the UAE. What might seem like a technical plumbing issue in...

22 days ago
18
1

From Conversations to Community: Macro Musings in Action

As most of you know, I host the weekly Macro Musings podcast. It began as a series of conversations about monetary and financial issues, but over time it has become a way to connect with a broader community of people who share a deep intere...

a month ago
14
1

The Fed’s Overton Window Is Shifting

What do the Bank of England (BoE), the Reserve Bank of Australia (RBA), the European Central Bank (ECB), the Riksbank, the Reserve Bank of New Zealand, and the Bank of Canada all have in common today?

Over the past few years, these centra...

a month ago
37
5

The Fed Already Has What It Needs to Navigate Supply Shocks

Subscribe now

It is not easy being a central banker in a world plagued by supply shocks. These disturbances push economic activity and inflation in opposite directions, forcing difficult tradeoffs between full employment and price stabilit...

2 months ago
20
5

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Authors

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  • David Beckworth

    Senior Research Fellow at the Mercatus Center || Podcast Host of the Macro Musings Podcast || Former U.S. Treasury Economist || Micah 6:8, John 3:16

  • Izabella Kaminska

    The author is an experienced financial journalist who believes stablecoins are the second coming of eurodollars, demanding the same close attention once paid to offshore dollar markets.

  • Kaleb Nygaard

    Payments Policy @ Visa | formerly Yale Program on Financial Policy and Chicago Fed

  • Peter Conti-Brown

    Class of 1965 Associate Professor of Financial Regulation at The Wharton School of the University of Pennsylvania

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