Rob Kaplan is the President and CEO of the Federal Reserve Bank of Dallas. Previously, he was a professor and associate dean at Harvard Business School and a vice chairman at Goldman Sachs. Rob joins the show today to talk about his career, the Dallas Fed, and U.S. monetary policy. David and Rob also discuss the inner workings of the FOMC, the future of the Fed\u2019s operating system, and lessons to be learned from the 2008 Financial Crisis. Rob also shares his thoughts on alternative monetary regimes, including nominal GDP targeting. Rob\u2019s Twitter: @RobSKaplan Rob\u2019s Dallas Fed profile: https://www.dallasfed.org/en/fed/bios/kaplan.aspx David\u2019s blog: macromarketmusings.blogspot.com David\u2019s Twitter: @DavidBeckworth Transcript to this week's episode: https://www.mercatus.org/bridge/commentary/robert-kaplan-fomc-dallas-fed-and-lessons-great-recession