121 Tim Duy on the Yield Curve, Inflation Targeting, and the Federal Reserve under Jay Powell

Published: Aug. 27, 2018, 9 a.m.

Tim Duy is a professor of economics at the University of Oregon, a columnist for Bloomberg, and a former economist at the U.S. Department of Treasury. Tim is also a widely read Fed watcher and a returning guest to Macro Musings. He joins the show today to talk about yield curves, Federal Reserve policy, and the future of the Jay Powell Fed. David and Tim also discuss the economic implications of a yield curve inversion, the possibility of new monetary regimes being introduced during Powell\u2019s tenure, and how to combat groupthink at the Fed. Tim\u2019s Twitter: @TimDuy Tim\u2019s blog: http://economistsview.typepad.com/timduy/ Related Links: *Kashkari Isn\u2019t Buying \u2018This Time Is Different\u2019 for Yield Curve* by Jeanna Smialek https://www.bloomberg.com/news/articles/2018-07-16/kashkari-isn-t-buying-this-time-is-different-for-yield-curve *Sorry, Mr. Trump, But You Had Your Chance for A More Dovish Fed* by Adam Ozimek https://www.forbes.com/sites/modeledbehavior/2018/07/22/sorry-mr-trump-but-you-had-your-chance-for-a-more-dovish-fed/#78eb6c206f76 *John Williams May Be One of the Best Central Bankers \u2013 But That Doesn\u2019t Mean He Should Run the New York Fed* by Peter Conti-Brown https://www.brookings.edu/research/john-williams-may-be-one-of-the-best-central-bankers-but-that-doesnt-mean-he-should-run-the-new-york-fed/ *The Fed\u2019s Striking Lack of Diversity and Why it Matters* by Aaron Klein https://www.brookings.edu/opinions/the-feds-striking-lack-of-diversity-and-why-it-matters/ David\u2019s blog: macromarketmusings.blogspot.com David\u2019s Twitter: @DavidBeckworth