Bill English on the Effectiveness of QE and the Consequences of Fed Losses

Published: Oct. 3, 2022, 4:30 a.m.

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Bill English is a professor at Yale University, a former senior Fed staffer, and a veteran of the Bank for International Settlements. Bill joins Macro Musings to talk about his time at the Federal Reserve, recent Fed developments, and a paper he co-authored titled, \\u201cWhat If the Federal Reserve Books Losses Because of Its Quantitative Easing?\\u201d David and Bill also discuss the Fed\\u2019s recent low-inflation mandate, the QE effectiveness debate, and why we should and shouldn\\u2019t be concerned about Fed balance sheet losses.

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Transcript for the episode can be found here.

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Bill\\u2019s Yale profile

Bill\\u2019s Federal Reserve profile

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David\\u2019s Twitter: @DavidBeckworth

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Related Links:

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*What if the Federal Reserve Books Losses Because of its Quantitative Easing?* by William English and Donald Kohn

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Macro Musings: *Donald Kohn on Fed Policy from the 1970s to Today*

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*Think of Powell as Volcker\\u2019s Wannabe Second Coming* by John Authers

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