{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Dan Katz and Stephen Miran on Reforming the Federal Reserve\u2019s Governance","description":"Dan Katz and Stephen Miran are former senior advisors for the US Treasury Department and are currently adjunct fellows at the Manhattan Institute. Dan and Stephen have also written a new paper titled, *Reform the Federal Reserve\u2019s Governance to Deliver Better Monetary Outcomes,* and they join Macro Musings to talk about this paper and the proposed reforms for the Federal Reserve outlined in it. Specifically, Dan, Steve, and David discuss the ever-expanding reach of the Fed, its role as debt manager and bank regulator, the current issue with the central bank\u2019s personnel, and a lot more. &amp;nbsp; Transcript for this week\u2019s  episode. &amp;nbsp; Stephen\u2019s Twitter:  @SteveMiran Stephen\u2019s Manhattan Institute profile &amp;nbsp; Dan\u2019s Twitter: @DanielScottKatz Dan\u2019s Manhattan Institute profile &amp;nbsp; David Beckworth\u2019s Twitter:&amp;nbsp;@DavidBeckworth Follow us on Twitter:&amp;nbsp;@Macro_Musings &amp;nbsp; Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server! &amp;nbsp; Join the Macro Musings&amp;nbsp;mailing list! Check out our Macro Musings merch! &amp;nbsp; Related Links: &amp;nbsp;  *Reform the Federal Reserve\u2019s Governance to Deliver Better Monetary Outcomes* by Dan Katz and Stephen Miran &amp;nbsp; Timestamps: &amp;nbsp; (00:00:00) \u2013 Intro &amp;nbsp; (00:04:20) \u2013 The Fed\u2019s Issue of Picking Winners and Losers &amp;nbsp; (00:09:17) \u2013 The Fed\u2019s Role as Bank Regulator &amp;nbsp; (00:12:53) \u2013 The Ever-Expanding Reach of the Fed &amp;nbsp; (00:17:50) \u2013 The Fed as a Debt Manager &amp;nbsp; (00:23:33) \u2013 What Should the Fed Do in a Zero Lower Bound Environment &amp;nbsp; (00:27:26) \u2013 Personnel is Policy: The Issue with Fed Personnel &amp;nbsp; (00:29:55) \u2013 Options for Personnel Reform at the Fed &amp;nbsp; (00:38:22) \u2013 Making the Fed President Selection Process More Robust &amp;nbsp; (00:47:28) \u2013 The Nature of Debate at the Fed &amp;nbsp; (00:50:53) \u2013 The Scope for Change at the Fed &amp;nbsp;  (00:53:21) \u2013 Outro ","author_name":"Macro Musings with David Beckworth","author_url":"http:\/\/macromarketmusings.blogspot.com\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/31074463\/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>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/171451253"}