Podcasts Business Non-Profit Macro Musings with David Beckworth Bill Nelson on the Growth of the Federal Reserve

Bill Nelson on the Growth of the Federal Reserve

Published: Aug. 23, 2021, 4:30 a.m.

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Bill Nelson is a chief economist and an executive vice president at the Bank Policy Institute. Bill previously was a deputy director of the Division of Monetary Affairs at the Federal Reserve Board where his responsibilities included monetary policy analysis, discount window policy analysis, and financial institution supervision. Bill also worked closely with the BIS working groups and the design of liquidity regulations. Bill rejoins David on Macro Musings to discuss his article titled, \\u201cI Don\'t Know Why She Swallowed a Fly,\\u201d which looks back at the significant growth of the Federal Reserve, both in its reach and in its size, since the Great Recession of 2007-09. Additionally, Bill and David discuss steps the Fed could take to return to a reasonably sized institution, conducting policy with a light imprint on financial markets.

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Transcript for the episode can be found here.

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Bill\\u2019s SIFMA profile: https://www.sifma.org/people/bill-nelson/

Bill\\u2019s BPI archive: https://bpi.com/tag/bill-nelson/

Bill\\u2019s American Banker archive: https://www.americanbanker.com/author/william-nelson-ab3618

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Related Links:

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*I Don\\u2019t Know Why She Swallowed a Fly* by Bill Nelson

https://morningconsult.com/opinions/i-dont-know-why-she-swallowed-a-fly/

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*Why Do We Need Both Liquidity Regulations and a Lender of Last Resort? A Perspective from Federal Reserve Lending during the 2007-09 U.S. Financial Crisis* by Bill Nelson, Mark Carlson, and Burcu Duygan-Bump

https://www.federalreserve.gov/econresdata/feds/2015/files/2015011pap.pdf

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David\\u2019s blog: macromarketmusings.blogspot.com
David\\u2019s Twitter: @DavidBeckworth

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