1 rich Libsyn https://www.libsyn.com 90 600 Bill English is a professor at Yale University, a former senior Fed staffer, and a veteran of the Bank for International Settlements. Bill joins Macro Musings to talk about his time at the Federal Reserve, recent Fed developments, and a paper he co-authored titled, “What If the Federal Reserve Books Losses Because of Its Quantitative Easing?” David and Bill also discuss the Fed’s recent low-inflation mandate, the QE effectiveness debate, and why we should and shouldn’t be concerned about Fed balance sheet losses. &amp;nbsp; Transcript for the episode can be found here. &amp;nbsp; Bill’s Yale profile Bill’s Federal Reserve profile &amp;nbsp; David’s Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox! &amp;nbsp; Related Links: &amp;nbsp; *What if the Federal Reserve Books Losses Because of its Quantitative Easing?* by William English and Donald Kohn &amp;nbsp; Macro Musings: *Donald Kohn on Fed Policy from the 1970s to Today* &amp;nbsp; *Think of Powell as Volcker’s Wannabe Second Coming* by John Authers Macro Musings with David Beckworth http://macromarketmusings.blogspot.com/ <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/24555273/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/content/137550657