Joseph Wang on the Fed’s Impact on Money Markets

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By David Beckworth and Mercatus Center at George Mason University. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Joseph Wang is a former senior trader on the open market desk at the Federal Reserve Bank in New York and the author of the book Central Banking 101. He also blogs at fedguy.com and is active on Twitter. Joseph joins Macro Musings to discuss what has happened at the Fed from the operational side, and we consider its implications for money markets. Specifically, Joseph and David discuss recent events from the perspective of the Federal Reserve trading desk, Joseph’s conception of a two-tiered monetary system, continued dollar dominance in global money markets, whether the Fed’s overnight repo facility is truly a temporary facility or trending towards a permanent one, and much more.

Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings

Joseph’s Twitter: @FedGuy12

Joseph’s website: http://fedguy.com/

Related Links:

*QE Zombifies Money Markets* by Joseph Wang

https://fedguy.com/qe-zombifies-money-markets/

*The Gravitational Pull of Zero* by Joseph Wang

https://fedguy.com/the-gravitational-pull-of-zero/

*RRP At The ZLB* by Joseph Wang

https://fedguy.com/rrp-at-the-zlb/

David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

311 episodes