{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Stephen Miran on Activist Treasury Issuance and the Monetary Policy Implications of a Second Trump Term","description":"Stephen Miran is a former senior advisor to the US Treasury Department, a senior strategist at Hudson Bay Capital, and a fellow at the Manhattan Institute. Stephen is also a returning guest to the podcast, and he rejoins David on Macro Musings to talk about his recent paper with Nouriel Roubini titled, *Activist Treasury Issuance and the Tug-of-War Over Monetary Policy,* as well as his thoughts on what a second Trump presidential term would mean for the Fed and financial markets. &amp;nbsp; Transcript for this week\u2019s  episode. &amp;nbsp; Stephen\u2019s Twitter: @SteveMiran Stephen\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&amp;nbsp;Macro Musebot! Join the new Macro Musings&amp;nbsp;Discord server! &amp;nbsp; Join the Macro Musings&amp;nbsp;mailing list! Check out our Macro Musings&amp;nbsp;merch! &amp;nbsp; Related Links: &amp;nbsp;  *ATI: Activist Treasury Issuance and the Tug-of-War Over Monetary Policy* by Stephen Miran and Nouriel Roubini &amp;nbsp;  *Trump Wants a Weaker Dollar But Wall Street Doubts He\u2019ll Get One* by Saleha Mohsin and Carter Johnson &amp;nbsp;  *Trump Allies Draw Up Plans to Blunt Fed\u2019s Independence* by Andrew Restuccia, Nick Timiraos, and Alex Leary &amp;nbsp; Timestamps: &amp;nbsp; (00:00:00) \u2013 Intro &amp;nbsp; (00:01:49) \u2013 Breaking Down *Activist Treasury Issuance and the Tug-of-War Over Monetary Policy* &amp;nbsp; (00:21:33) \u2013 Responding to Criticism from Janet Yellen and Others &amp;nbsp; (00:28:21) \u2013 Addressing Trump\u2019s Push for a Weaker Dollar &amp;nbsp; (00:38:24) \u2013 Can We Weaken the Dollar While Still Ensuring Its Use? &amp;nbsp; (00:43:07) \u2013 What a Second Trump Term Would Mean for Fed Independence and Crypto &amp;nbsp;  (00:49:19) \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\/32748317\/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\/176885962"}