Charles Evans was a 31-year veteran of the Federal Reserve System, serving as a researcher, vice president, and, ultimately, president and CEO of the Chicago Fed from 2007 to 2023. Charles joins Macro Musings to talk about his past and ongoing work on US monetary policy. Specifically, Charles and David discuss his work as a regional bank president and a member of the FOMC, the creation and adoption of the Evans rule, the current path of R-Star, the future of the Fed\u2019s framework, and more.
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Transcript for this week\u2019s episode.
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Charles\u2019s Chicago Fed profile
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*Implications for the Federal Reserve\u2019s MP Framework in the Future* by Charles Evans