Shows
The Reserve47. Janet and George w/Jon HilsenrathA conversation with WSJ reporter, Jon Hilsenrath, about his book on the love story of Janet and George and the way they broke through in the economics field and in policy. I enjoyed this conversation as much as I loved the book. Even if you think you know Yellen's story - this podcast will show a depth and insight that I promise will delightfully surprise you!
The Book
Jon's latest at the Journal
Jon on LinkedIn
Kaleb on twitter
Kaleb's guest post on Steven Kelly's substack about Yellen's legacy2023-03-0143 min
Macro Musings with David BeckworthKaleb Nygaard on the Governance of the Federal Reserve SystemKaleb Nygaard is a senior research associate at the Yale Program on Financial Stability and runs the website Centralverse, a place where all things central banking are made clear. Kaleb is also a former Chicago Fed staffer. Kaleb joins David on Macro Musings to discuss the governance and institutional details of the Federal Reserve System. Specifically, Kaleb and David get into President Biden’s nominations to the Fed Board of Governors, the nomination process at the Fed, what is driving the short tenures of Fed Governors in recent years, how regional bank presidents get elected, how social media has im...2022-03-2155 min
The Reserve23. Fed news week w/Steven KellyAn incredibly busy week in the Centralverse. Steven and I react to 8(!) big stories of the week:
Boston CBDC Technical Report
Boston Fed Pres, Susan Collins
Reserve Trust & Raskin
Fed staff trading scandal and other ethics
Toomey’s Fed consolidation suggestion
25bp emergency increase rumors
Stress Test scenario
Afghanistan and the New York Fed2022-02-1151 minThe Reserve22. FOMC and CBDC react w/Steven KellySteven and I sit down to chat about the week's news, including the FOMC meeting, updates and controversies surrounding the nominations, and the Fed's initial CBDC report.
Nominations: Toomey's geography/background letter (Kaleb's reaction and original thread), hearings for Raskin/Cook/Jefferson February 3
FOMC: materials
CBDC: Fed's report
On twitter: @StevenKelly49, @KalebNygaard2022-01-2845 minThe Reserve21. Finally, a Fed VC Supervision Nominee w/Sean VanattaThe leading historian on US bank supervision, Sean Vanatta, joins the show to talk about Sarah Bloom Raskin's nomination to the Fed's Vice Chair for Supervision.
Tweets: @SeanVanatta, @KalebNygaard
“Focus on bank supervision, not just bank regulation” (Brookings)
“The Logic and Legitimacy of Bank Supervision: The Case of the Bank Holiday of 1933” (paper w/Peter Conti-Brown)
"Histories of Bank Supervision" (paper)
Landing page for all of Raskin's speeches as Fed Governor (2010-2014) (FRASER)
An old version of the introduction of *the* history of bank supervision in the US Sean i...2022-01-1849 minThe Reserve20. Fed Governance w/Kaleb NygaardSteven Kelly sits in the host seat for this interview with Kaleb Nygaard on a wide-ranging conversation on many issues in Fed governance that have been in recent Fed news.
On twitter: @StevenKelly49 @KalebNygaard
History of Fed age limits thread
Paper on Reserve Bank board of director diversity and community lending
Current terms of all members of the FOMC
Ann Saphir's article on Reserve Bank board of director diversity2022-01-121h 10The Reserve19. FOMC Recap w/Alex WilliamsWas this *the* most important FOMC meeting? How high were the stakes going in to it? Alex Williams, Research Analyst at Employ America, joins the show discuss these questions and react to all the excitement of the FOMC week.
"A Credible, Broad and Inclusive Approach to Maximum Employment" (blog post)
"Beyond the Phillips curve" (full piece)
Employ America
Tweets: @vebaccount, @KalebNygaard2021-12-1738 minThe Reserve18. Quarles' strange 13(3) vision w/Steven KellyRandy Quarles’ mic drop speech included a very strange commentary on the future of the Fed’s emergency lending authority in 13(3). On today’s episode Steven Kelly and I react.
Quarles’ speech
Lev Menand’s paper on liquidity/credit facilities
Pari Sastri’s 13(3) paper
2008 Board minutes on penalty rates
On twitter: @StevenKelly49, @KalebNygaard2021-12-0847 minThe Reserve17. Fed Independence w/Todd PhillipsFed Independence - what does it really mean? Does it matter if we don’t agree on what it means? All of this and more with Todd Phillips, director of financial regulation and corporate governance at the Center for American Progress.
The Myth of Independence, Binder and Spindel
Financial Crises and Legislation, Conti-Brown and Ohlrogge
Tweets: @tphillips, @KalebNygaard2021-12-0338 minThe Reserve16. Five Fed Nom Hot TakesThis podcast was born as a countdown to today! The Fed Chair nom is in and Powell gets another term. Here are my five hot takes on the Powell/Brainard announcement.
1. Was it a surprise?
2. Where were the progressives?
3. How will Powell/Brainard nomination processes go?
4. What about the remaining vacancies?
5. What does this mean for the future of the Fed?
On twitter @KalebNygaard2021-11-2225 minThe Reserve15. The Fed in 2030 w/Matt YglesiasWhere will the Fed be in 2030? Where should it be? How will the next 18 months define the Fed’s direction for decades to come? Matt Yglesias joins the show today to think it all through with me.
Matt’s Newsletter: Slowboring
Matt’s most recent book: One Billion Americans
Tweets: @mattyglesias, @KalebNygaard2021-11-1555 minThe Reserve14. Stablecoins w/Lee ReinersLee Reiners and Steven Kelly join to discuss and debate the President’s Working Group Report on Stablecoins.
On twitter: @leereiners, @StevenKelly49, @KalebNygaard2021-11-1054 minThe Reserve13. The FOMC Meeting and Beyond w/Roberto PerliThe big moment the FOMC has been prepping us for arrived this week - the beginning of the taper. Roberto Perli, one of the most sought after Fed Watchers in the world, joined the podcast to talk break it all down with us.
Twitter: @R_Perli, @StevenKelly49, @KalebNygaard2021-11-0540 minThe Reserve12. What a week!The apt metaphor for this week in the centralverse is - drinking from the fire hose! My views on ten quick-hits from the week's Fed news.
1. Fed Chair race, PredictIt
2. Prospect article
3. Historical calendar of Fed Chair nominations
4. Boston Fed won't release scandal documents, Reuters
5. Fed ethics unit's warning letter, Jeanna Smialek's big scoop (letter)
6. The full list of trades / financial transactions by FOMC members, Jeanna's summary
7. The Fed's new ethics rules, thanks to Jeanna for the quote!!
8. FSOC Climate report with Powell’s...2021-10-2223 minThe Reserve11. Quarles Takes One Hat Off w/Victoria GuidaFed Governor Randy Quarles' term as Fed VC for Supervision and Regulation ended this week, with no replacement nomination from Biden in sight. But this is just one of four major hats Quarles wears at the Fed. Fed reporter extraordinaire Victoria Guida joins the show to talk about what it all means and how this story is the perfect example of how strange the Fed's governance structure is.
On Twitter: @vtg2, @KalebNygaard
"Fed’s bank cop loses top role as leadership shakeup looms"2021-10-1518 minThe Reserve10. The Fed and the Debt CeilingCongress should permanently remove the debt ceiling. But until they do that, the issue affects the Fed in some big ways. Steven Kelly joins the show to talk about how the Fed's 13(13) powers and the Standing Repo Facility might be used.
On Twitter: @StevenKelly49, @KalebNygaard
Mentioned: Joseph Wang's blogpost "Debt Ceiling Procedures [RESTRICTED FR]", Steven's article "Cruel and Unusual Circumstances: The Fed's Use and Misuse of Penalty Rates"2021-10-0630 minThe Reserve9. Fed Resignations, Now What? w/Dennis KelleherHuge news this week with the resignations of the Presidents of the Federal Reserve Banks of Dallas and Boston. But this is not the end of the story. So what comes next? Dennis Kelleher, President of Better Markets, joins the show to discuss. Check out Episode 6 for The Reserve's interview with Michael Derby from the WSJ who originally broke the story.
On twitter: @BetterMarkets, @KalebNygaard
Links: Public Letter, Better Markets' Scandal Landing Page2021-09-3044 minThe Reserve8. FOMC & More w/Claudia Sahm (Sep 2021)Claudia Sahm joins the show to breakdown this week's FOMC meeting. It was a blast of a conversation that went deep into the inner workings of the Fed.
On Twitter: @Claudia_Sahm, @KalebNygaard
Claudia's: (1) congressional testimony, (2) the Sahm Rule, (3) Economics is a disgrace blog piece, and (4) dot plot substack.2021-09-2442 minThe Reserve7. SRF & More w/Joseph WangJoseph Wang, literally the "Fed Guy", joins the show to talk with Steven and me about the current situation with the Standing Repo Facility and its potential futures, as well as other current Fed events.
On twitter: @FedGuy12, @KalebNygaard, @StevenKelly
Also make sure to check out Joseph's blog fedguy.com and buy his excellent book out earlier this year Central Banking 101 2021-09-1640 minThe Reserve6. Fed Scandal w/Michael DerbyStock trading scandal by the Presidents of the Federal Reserve Banks of Dallas and Boston. It was the biggest news in the Centralverse this week and we speak with the journalist that broke the story - Michael Derby!
On twitter: @KalebNygaard, @michaelsderby, @StevenKelly49
Original breaking story: Tuesday, Sep. 7
Follow-up story: Thursday, Sep. 92021-09-1224 minThe Reserve5. Climate and the Fed w/Gregg GelzinisIf the Federal Reserve really was a national forest somewhere out west, today it would be in serious trouble because of climate change. On this episode we talk to the most important commentator on the topic - Gregg Gelzinis.
On twitter: @KalebNygaard, @FinGregg, @StevenKelly49
Note, there were some technical issues with audio recording. We believe we’ve found the issue and it shouldn’t happen in future episodes.2021-09-1044 minThe Reserve4. Fed Nomination Drama w/Sam BellAll the ins and outs of the dramatic race for the Federal Reserve Chair (and other open Fed seats) with the one and only Sam Bell!
On twitter: @KalebNygaard, @sam_a_bell, @StevenKelly492021-09-0351 min
The Bankster Podcast4.13 ConclusionChapter 13. An unabridged reading of the Bible of Central Banking - Lombard Street, by Walter Bagehot.
Go to www.centralverse.org for interactive graphics explaining how modern central banks work today.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2021-08-2607 minThe Reserve3. Raising rates & the week's Chair race dramaSegment 1: lots to catch up on regarding the race to be the next Fed Chair
Segment 2: how and when the Fed raises interest rates
A few links mentioned in the episode: Carter on Newsweek, Joseph Wang's blogpost, Carolyn Sissoko paper
Get in touch on twitter: @KalebNygaard
Today's guests: @StevenKelly49
2021-08-2550 minThe Reserve2. Afghanistan (Aug 19)The central bank of Afghanistan, what we know so far.
- Gov. Ajmal Ahmady's escape from the country
- Gov. Ahmady's update on the central bank's financial situation
- Gov. Ahmady's LinkedIn
- Dan Hardie article on Ahmady's history at the central bank
- Eshe Nelson article on financial situation
- Part of Federal Reserve Act that talks about foreign accounts
- John Paul Koning blog post on where the reserves are
I'm on twitter @KalebNygaard2021-08-1920 minThe Bankster Podcast4.12 The Principles Which Should Regulate the Amount of the Banking Reserve to Be Kept by the Bank of EnglandChapter 12. An unabridged reading of the Bible of Central Banking - Lombard Street, by Walter Bagehot.
Go to www.centralverse.org for interactive graphics explaining how modern central banks work today.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2021-08-1932 minThe Reserve1. Welcome and For/Against PowellWelcome to The Reserve, a news and thoughts podcast from the Centralverse. Three segments on the show today: (1) intros to the new show, (2) Fed Chair Race standings, (3) a discussion with Steven Kelly on the pro/anti-Powell arguments within 5 policy areas (covid-19, the labor market, financial regulations, climate change, and central bank digital currency).
Get in touch with me on twitter @KalebNygaard
Today's guest: @StevenKelly492021-08-1858 minThe Bankster Podcast4.11 The Bill-BrokersChapter 11. An unabridged reading of the Bible of Central Banking - Lombard Street, by Walter Bagehot.
Go to www.centralverse.org for interactive graphics explaining how modern central banks work today.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2021-08-1223 minThe Bankster Podcast4.10 The Private BanksChapter 10. An unabridged reading of the Bible of Central Banking - Lombard Street, by Walter Bagehot.
Go to www.centralverse.org for interactive graphics explaining how modern central banks work today.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2021-08-0515 minThe Bankster Podcast4.9 The Joint Stock BanksChapter 9. An unabridged reading of the Bible of Central Banking - Lombard Street, by Walter Bagehot.
Go to www.centralverse.org for interactive graphics explaining how modern central banks work today.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2021-07-2915 minThe Bankster Podcast4.8 The Government of the Bank of EnglandChapter 8. An unabridged reading of the Bible of Central Banking - Lombard Street, by Walter Bagehot.
Go to www.centralverse.org for interactive graphics explaining how modern central banks work today.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2021-07-2240 minThe Bankster Podcast4.7 A More Exact Account of the Mode in Which the Bank of England Has Discharged Its Duty of Retaining a Good Bank Reserve, and of Administering It EffectuallyChapter 7. An unabridged reading of the Bible of Central Banking - Lombard Street, by Walter Bagehot.
Go to www.centralverse.org for interactive graphics explaining how modern central banks work today. Listen wherever you get your podcasts.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2021-07-1557 minThe Bankster Podcast4.6 Why Lombard Street is Often Very Dull, and Sometimes Extremely ExcitedChapter 6. An unabridged reading of the Bible of Central Banking - Lombard Street, by Walter Bagehot.
Go to www.centralverse.org for episode transcripts and interactive graphics explaining how modern central banks work today. Listen wherever you get your podcasts.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2021-07-0845 minThe Bankster Podcast4.5 The Mode in Which the Value of Money is Settled in Lombard StreetChapter 5. An unabridged reading of the Bible of Central Banking - Lombard Street, by Walter Bagehot.
Go to www.centralverse.org for episode transcripts and interactive graphics explaining how modern central banks work today. Listen wherever you get your podcasts.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2021-07-0111 minThe Bankster Podcast4.4 The Position of the Chancellor of the Exchequer in the Money MarketChapter 4. An unabridged reading of the Bible of Central Banking - Lombard Street, by Walter Bagehot.
Go to www.centralverse.org for episode transcripts and interactive graphics explaining how modern central banks work today. Listen wherever you get your podcasts.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2021-06-2414 minThe Bankster Podcast4.3 How Lombard Street Came to Exist, and Why It Assumed Its Present FormChapter 3. An unabridged reading of the Bible of Central Banking - Lombard Street, by Walter Bagehot.
Go to www.centralverse.org for episode transcripts and interactive graphics explaining how modern central banks work today. Listen wherever you get your podcasts.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2021-06-1730 minThe Bankster Podcast4.2 A General View of Lombard StreetChapter 2. An unabridged reading of the Bible of Central Banking - Lombard Street, by Walter Bagehot.
Go to www.centralverse.org for episode transcripts and interactive graphics explaining how modern central banks work today. Listen wherever you get your podcasts.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2021-06-101h 05The Bankster Podcast4.1 IntroductoryChapter 1. An unabridged reading of the Bible of Central Banking - Lombard Street, by Walter Bagehot.
Go to www.centralverse.org for episode transcripts and interactive graphics explaining how modern central banks work today. Listen wherever you get your podcasts.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2021-06-0326 minThe Bankster PodcastSeason 4 TrailerAn unabridged reading of the Bible of Central Banking - Lombard Street, by Walter Bagehot. Chapters drop every Thursday morning beginning June 3, 2021.
Go to www.centralverse.org for episode transcripts and interactive graphics explaining how modern central banks work today. Listen wherever you get your podcasts.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2021-06-0102 min
Reviving Growth KeynesianismKaleb Nygaard on the Bankster podcast and the New Bagehot ProjectToday's guest is Kaleb Nygaard, host of the Bankster podcast - the best show out there for learning about central bank history - as well as a researcher at the Yale Program on Financial Stability's New Bagehot Project. We talk to him about the new playbook for fighting systemic risk, his experience as a public educator, and a mutual hero of ours: Marriner Eccles.***LINKS***Kaleb on twitter: @KalebNygaardThe Centralverse: https://www.centralverse.org/FedWatcherClaudia Sahm, "Economics is a disgrace": http://macromomblog.com/2020/07/29/economics-is-a-disgrace/Federal Reserve's historical...2020-11-2357 min
The Bankster Podcast3.7 CoronavirusSeason 3, Episode 7. As the Coronavirus spreads around the world, central banks leap into action. The lenders of last resort open their doors wider than they ever have in the past. This is the final episode in this season.
Go to www.centralverse.org for full episode transcripts and interactive graphics explaining how modern central banks work today. Listen wherever you get your podcasts.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2020-08-2727 minThe Bankster Podcast3.6 The Global Financial CrisisSeason 3, Episode 6. Central bank’s most dramatic show of lender of last resort force in response to he worst economic recession in 80 years . To fight the Global Financial Crisis the Federal Reserve took its lender of last resort powers to the next level.
Go to www.centralverse.org for episode transcripts and interactive graphics explaining how modern central banks work today. Listen wherever you get your podcasts.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2020-08-2039 minThe Bankster Podcast3.5 Terrorists and HurricanesSeason 3, Episode 5. Financial crises don’t always happen because of missteps or exuberance in financial markets. Today we tell the story of how the Federal Reserve responded to 9/11 and Hurricane Katrina.
Go to www.centralverse.org for full episode transcript and interactive graphics explaining how modern central banks work today. Listen wherever you get your podcasts.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2020-08-1328 minThe Bankster Podcast3.4 Too Big to FailSeason 3, Episode 4. One situation pulls central banks into the public eye more than any either - dealing with institutions that have become so large that their impending collapse would cause such disproportionate destruction on the financial system and the wider economy that the central bank feels it has no choice but to intervene. The origin of Too Big to Fail and then the story of two such institutions that the Fed dealt with in two distinct ways.
Go to www.centralverse.org for episode transcripts and interactive graphics explaining how modern central banks work...2020-08-0630 minThe Bankster Podcast3.3 The Great DepressionSeason 3, Episode 3. The Federal Reserve’s actions and inactions in response to the Great Depression and how deposit insurance serves as a sister policy to the lender of last resort.
Go to www.centralverse.org for episode transcripts and interactive graphics explaining how modern central banks work today. Listen wherever you get your podcasts.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2020-07-3023 minThe Bankster Podcast3.2 JP Morgan and FriendsSeason 3, Episode 2. No crisis is the fault of one person, and no successful rescue can be attributed to a single person. But the stories we tell have heroes and villains for a reason. Some people play an outsized role in bringing the system down and others in pushing it back up. The October 1907 attempted corner of the copper market, the financial panic it caused, and the subsequent rescue have a handful of such heroes and villains. This is episode 2 in season 3's history of the Lender of Last Resort.
Go to www.centralverse.org ...2020-07-2326 minThe Bankster Podcast3.1 The Central Banker's BibleSeason 3, Episode 1. The economic crisis response playbook was written in 1873 by Walter Bagehot, and central bankers have called upon the sacred text for the century and a half since. Who was Walter Bagehot and what does he prescribe central bankers do to stop bank runs and economic panics? This and a speedy 200 year history of central banking before Bagehot in Episode 1 of Season 3.
Go to www.centralverse.org for episode transcripts and interactive graphics explaining how modern central banks work today.
Connect with me on twitter @KalebNygaard
Subscribe! Rate! Share!2020-07-2321 minThe Bankster PodcastSeason 3 TrailerThe fundamental power to create money that makes central banks what they are, is most dramatic when they wield that power in attempts to rescue collapsing economies. This is central banks as Lenders of Last Resort. In the seven episodes of Season 3, we're telling the history of the fundamental principle of the lender of last resort. First two episodes drop Thursday July 23, 2020; then every Thursday morning after that.
Go to www.centralverse.org for episode transcripts and interactive graphics explaining how modern central banks work today.
Subscribe! Rate! Share!2020-07-1303 minThe Bankster PodcastPodcast ContestI submitted the above trailer as part of a podcast competition sponsored by Squarespace and Gimlet Creative. I also announce the end of Season 2. (Originally aired on May 31, 2018.)
Centralverse2020-06-1204 minThe Bankster PodcastMeeting Minutes MatterWhy the Meeting Minutes of the Federal Open Market Committee matter. (Originally aired on May 4, 2018.)
Centralverse2020-06-1207 minThe Bankster PodcastShow No Signs of Panic [Rebroadcast]A rebroadcast of our very first episode on the 2nd year anniversary of The Bankster Podcast. (Originally aired on April 21, 2018.)
Centralverse2020-06-1221 minThe Bankster PodcastNY Fed President, The ProcessOf equal importance to the final decision of the next New York Fed President is the process by which this decision was made. Today we unwind that complex process. (Originally aired on April 6, 2018.)
Centralverse2020-06-1219 minThe Bankster PodcastCentralverse News Flash Mar 23, 2018Too many important events of the past two weeks, so we’ve started a new series called News Flash. Today’s Flashes include: Bear Stearns, The Senate Dodd Frank Bill, NYFed’s Presidential Search, and the FOMC meeting. (Originally aired on March 23, 2018.)
Centralverse2020-06-1214 minThe Bankster PodcastRiksbanken 350A Riksbanken video gave me a good laugh, and a 350th birthday is cause for celebration and reflection. On today’s episode: (1) very briefly how did it start, (2) its relationship with the Euro, (3) its policy goals, and (4) its role in the Nobel Prize of Economics. (Originally aired on March 9, 2018.)
Centralverse2020-06-1212 minThe Bankster PodcastCentralverse Q&A, Round VRound V of the listener favorite, Centralverse Q&A: Who really chooses the Chair? And who is second in command at the Central Bank? If you have questions you’d like answered on the podcast send them in. (Originally aired on February 9, 2018.)
Centralverse2020-06-1210 minThe Bankster PodcastEccles #5, Chair No MoreAs Janet Yellen leaves on her final day as Chair of the Federal Reserve System we take a look back at the last complicated transition from one Chair to the next - that of Marriner Eccles 70 years ago to the day. (Originally aired on January 26, 2018.)
Centralverse2020-06-1217 minThe Bankster PodcastState of the Fed 2018A look at the State of the Federal Reserve in 2018. (Originally aired on January 12, 2018.)
Centralverse2020-06-1219 minThe Bankster PodcastCentralverse Q&A, Round IVRound IV of the listener favorite, Centralverse Q&A: What does the CFPB have to do with the Federal Reserve? Who is Marvin Goodfriend? If you have questions you’d like answered on the podcast send them in. (Originally aired on December 9, 2017.)
Centralverse2020-06-1209 minThe Bankster PodcastPolicy ToolsTwo members of the FOMC gave very similar speeches last week. Their message? In preparation for the next economic downturn, we need to define the “expansion” of tools we used during the the Great Recession. (Originally aired on November 24, 2017.)
Centralverse2020-06-1212 minThe Bankster PodcastTwo New GuysTwo appointments at the Federal Reserve last week. One I’m certain you heard about and another one I’m just as certain you did not hear about. On today’s episode a quick recap - the new Chair of the Federal Reserve and the new Secretary of the FOMC. (Originally aired on November 10, 2017.)
Centralverse2020-06-1209 minThe Bankster PodcastEccles #4 - Becoming Fed ChairmanAnother set of great questions on today’s round of Centralverse Q&A: Who is in the running for Chair of the Federal Reserve? And, briefly, what does the Federal Reserve Chair do? If you have questions you’d like answered on the podcast send them in. (Originally aired on October 13, 2017.)
Centralverse2020-06-1214 minThe Bankster PodcastCentralverse Q&A, Round IITwo great questions on today’s round of Centralverse Q&A: What are the requirements for becoming a Fed governor? How will the Fed’s balance sheet change? If you have questions you’d like answered on the podcast send them in. (Originally aired on September 29, 2017.)
Centralverse2020-06-1210 minThe Bankster PodcastCentralverse Q&A, Round IIIAnother set of great questions on today’s round of Centralverse Q&A: Who is in the running for Chair of the Federal Reserve? And, briefly, what does the Federal Reserve Chair do? If you have questions you’d like answered on the podcast send them in. (Originally aired on October 13, 2017.)
Centralverse2020-06-1223 minThe Bankster PodcastThe 8th GovernorArguably one of the most important people at the Federal Reserve is someone that is rarely seen. Who is the General Counsel and what does he do? On today’s episode! (Originally aired on September 15, 2017.)
Centralverse2020-06-1211 minThe Bankster PodcastCentralverse Q&A, Round IThe first episode in a new series I’m calling, “Centralverse Q&A”. If you have questions you’d like answered on the podcast send them in. (Originally aired on September 1, 2017.)
Centralverse2020-06-1208 minThe Bankster PodcastEccles #3 - The ChildA fun look at four short experiences from the childhood of Marriner Eccles. (Originally aired on August 18, 2017.)
Centralverse2020-06-1108 minThe Bankster PodcastBank Robbers (Rerun)Fed just put in their order for next year’s cash - a whopping $233 Billion. With all of that new money distributed through Federal Reserve Banks throughout the country it begs the question - Has the Fed ever been robbed? Today’s episode! (Originally aired on August 4, 2017.)
Centralverse2020-06-1112 minThe Bankster PodcastEccles #2 - The PatriarchA contemporary relative of our Marriner Stoddard Eccles just might find herself in the building that bears Eccles’ name. Who is she? What’s her connection to the former Fed Chairman? All that and the story of Marriner Eccles father on today’s episode! (Originally aired on July 21, 2017.)
Centralverse2020-06-1113 minThe Bankster PodcastThe Fed's DisclaimerThe quest to find the source of the ubiquitous Fed Disclaimer, “the views I express are my own and do not necessarily reflect the views of my colleagues on the FOMC or within the Federal Reserve System.” (Originally aired on July 7, 2017.)
Centralverse2020-06-1115 minThe Bankster PodcastEccles #1 - Sego MilkMy in depth research into the life and works of Marriner Eccles begins! Today I start with an incredible story of his first real business venture. Introducing - Marriner Eccles, The Entrepreneur. (Originally aired on June 23, 2017.)
Centralverse2020-06-1112 minThe Bankster PodcastOur Recession #1 - JackieThe very first episode in the new segment called Our Recession - an interview series presenting personal experiences from real people that lived through the Great Recession. (Originally aired on June 9, 2017.)
Centralverse2020-06-1125 minThe Bankster PodcastSeason 2 IntroductionAn introduction to the new season which will include three new segments: Marriner Eccles, the Centralverse Website, and Our Recession interview series. (Originally aired on June 9, 2017.)
Centralverse2020-06-1103 minThe Bankster PodcastPrologue to a New BeginningThe Bankster Podcast is changing! I'm excited to announce the two new focuses of the podcast going forward and why I've decided to change course. (Originally aired on April 14, 2017.)
Centralverse2020-06-1111 minThe Bankster PodcastThe Twelve Cities, Part IIThe second half of our series on the fascinating story behind the choosing of the twelve Federal Reserve Districts and their city headquarters. (Originally aired on March 31, 2017.)
Centralverse2020-06-1117 minThe Bankster PodcastThe Twelve Cities, Part IThe beginning of our series on the fascinating story behind the choosing of the twelve Federal Reserve Districts and their city headquarters. Also, a fun and new way to look at the money in your purse and wallet! (Originally aired on March 17, 2017.)
Centralverse2020-06-1109 minThe Bankster PodcastThe Old Lady on Threadneedle StreetThe origin story behind the beloved nickname of the Bank of England. (Originally aired on March 3, 2017.)
Centralverse2020-06-1108 minThe Bankster PodcastThe Rules, Part IIWe continue our conversation on monetary policy rules with an introduction to the most famous man behind the Rules Movement - John Taylor. Also I’ll introduce you to the law being tossed around the US Congress that would take monetary rules to a whole new height. (Originally aired on February 17, 2017.)
Centralverse2020-06-1115 minThe Bankster PodcastThe Rules, Part IHow a simple math equation became one of the largest debates in Monetary Policy at the Federal Reserve and Central Banks around the world. Today’s episode in two sections: (1) How is monetary policy currently decided? And (2) What is a policy rule? (Originally aired on February 3, 2017.)
Centralverse2020-06-1116 minThe Bankster Podcast[Laughter] and the Centralverse SourcedOn this week’s episode we discuss an entertaining bit of news. I then introduce an exciting new feature of Centralverse Sourced! (Originally aired on January 20, 2017.)
Centralverse2020-06-1115 minThe Bankster PodcastColorful Books, Part IIIThis week we finish our Colorful Books series by discussing the Green, Blue, and Teal Books. Who prepares them? Who reads them? Where did they come from? All of this and more on this episode! (Originally aired on January 6, 2017.)
Centralverse2020-06-1113 minThe Bankster PodcastColorful Books, Part IIThis week we continue our series on the colorful books of the Federal Reserve. One of the signature decorations of the Christmas holiday is colored lights. When you think of Federal Reserve publications - colorful is probably not the first word that comes to mind. But this series will change that! (Originally aired on December 23, 2016.)
Centralverse2020-06-1116 minThe Bankster PodcastColorful Books, Part IOne of the signature decorations of the Christmas holiday is colored lights. When you think of Federal Reserve publications - colorful is probably not the first word that comes to mind. But last week an announcement by the Federal Reserve brought one of the colored books back into the spotlight - The Beige Book. (Originally published on November 25, 2016.)
Centralverse2020-06-1114 minThe Bankster PodcastThe DirectorsTurns out each of the twelve Federal Reserve Banks has their own board of directors. Who are these directors, and how are they chosen? We’ll use the makeup of the boards of directors as an illustration of the term “quasi-governmental”. (Originally aired on November 25, 2016.)
Centralverse2020-06-1112 minThe Bankster PodcastTrump and the FedHow the next president of the United States will affect the Federal Reserve. A short episode on the impact of a change in political party in the highest ranked position in the free world. (Originally aired on November 11, 2016.)
Centralverse2020-06-1114 minThe Bankster PodcastThe Punch BowlAn episode dedicated to Fall! And to be more specific an important phrase in the Centralverse about the overarching, high level goal of all central banks. The phrase is part of one of the most important metaphors in finance. (Originally aired on October 28, 2016.)
Centralverse2020-06-1115 minThe Bankster PodcastDe MexicoA trip into the past and across two continents. Two history sections on today’s episode. One from the Centralverse’s connection to the Nobel prizes. And the other from Banxico, the Central Bank of Mexico. (Originally aired on October 14, 2016.)
Centralverse2020-06-1113 minThe Bankster PodcastBirds and Bank RobbersHas the Federal Reserve ever been robbed? And what’s all this talk about doves and hawks? On today’s episode we dive into the meaning behind “the birds”, and we tell the story of a 1930’s Chicago gang and their attempt to rob the Fed. (Originally aired on September 30, 2016.)
Centralverse2020-06-1117 minThe Bankster PodcastThe AccountsDoes the Fed pay taxes? Does it make a profit? Today’s episode covers one of the most important distinguishing characteristics of the central bank. We answer these and a few other interesting questions about accounting in the Centralverse. (Originally aired on September 16, 2016.)
Centralverse2020-06-1115 minThe Bankster PodcastJackson HoleHow did a small resort town in Northwestern Wyoming become home to one of the most important Economic Conference in the world? Also, finding the pattern in Centralverse speeches by analyzing Janet Yellen’s at the Jackson Hole Symposium. (Originally aired on September 2, 2016.)
Centralverse2020-06-1116 minThe Bankster PodcastDo BrasilThe country we’re all talking about! But not because of the Olympics, Zika, or Political Corruption - today’s episode covers the Banco Central do Brasil. (Originally aired on August 19, 2016.)
Centralverse2020-06-1012 minThe Bankster PodcastA Few WordsA few carefully chosen words from a central bank can save an economy in panic or send it spinning out of control. Three stories today illustrating the high impact of Centralverse language. (Originally aired on August 5, 2016.)
Centralverse2020-06-1022 minThe Bankster PodcastSay What?When Central Bankers speak, the world listens. Their words are analyzed and scrutinized down to the very letter. Why is that? How have their communication strategies changed over time? (Originally aired on July 22, 2016.)
Centralverse2020-06-1017 minThe Bankster PodcastIndependence, Part IIWhy political independence is so critical to a well functioning central bank. Also, an explanation behind the Audit the Fed movement. (Originally aired on July 8, 2016.)
Centralverse2020-06-1019 minThe Bankster PodcastIndependence, Part IThe exceptionally fascinating story about how the Federal Reserve fought for and won their independence from the Executive Branch. (Originally aired on June 24, 2016.)
Centralverse2020-06-1019 minThe Bankster PodcastLombard StreetOur first look at a central banking figure outside of the United States. Walter Bagehot's book Lombard Street is one of the most important in all of central banking history. (Episode originally aired on June 10, 2016.)
Centralverse2020-06-1026 minThe Bankster PodcastThe Committee, Part IIThe FOMC conversation continued. How the Federal Reserve uses interest rates to influence the economy. Also, a look into an experience that Paul Volcker had as Chairman during an inflation crisis. (Episode originally aired May 27, 2016.)
Centralverse2020-06-1026 minThe Bankster PodcastAn Update and GoldFind out how the New York Fed amassed the largest stock pile of monetary gold in the world. (Episode originally aired on May 14, 2016.)
Centralverse2020-06-1009 minThe Bankster PodcastThe Committee, Part IAn explanation behind the decision to leave interest rates the same and a brief history of the committee that made that decision - the FOMC. (Episode originally aired on May 6, 2016.)
Centralverse2020-06-1017 minThe Bankster PodcastOn the MoneyOn this episode we dive into the new changes coming to the Federal Reserve notes. We also learn about the history of the Fed and the Treasury Department. (Episode originally aired on April 28, 2016.)
Centralverse2020-06-1013 minThe Bankster PodcastShow No Signs of PanicOn the importance of the words of Central Bankers featuring modern day Federal Reserve leaders and the incredible story of run on Marriner Eccles' bank in Utah during the 1930's. (Episode originally aired on April 19, 2016.)
Centralverse2020-06-1021 min