Sam Schulhofer-Wohl On How To Improve Treasury Market Resiliency Macro Musings With David Beckworth podcast

Content provided by David Beckworth and Mercatus Center at George Mason University. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Beckworth and Mercatus Center at George Mason University or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Macro Musings with David Beckworth »
Sam Schulhofer-Wohl on How to Improve Treasury Market Resiliency

4d ago 1:00:23

MP3•Episode home

Sam Schulhofer-Wohl is the Senior Vice President and the Senior Advisor to the President of the Dallas Fed, Lorie Logan. Sam is a longtime veteran of the Federal Reserve System and has also previously served at the Minneapolis and Chicago Federal Reserve banks. Sam joins David on Macro Musings to talk about Treasury market resiliency issues, the floor system, the Friedman Rule, bank deposits, the monetary policy implications of labor migration across the United States, and much more.

Transcript for this week’s episode.

Sam’s Dallas Fed profile

Sam’s website

David Beckworth’s Twitter: @DavidBeckworth

Check out our new AI chatbot: the Macro Musebot!

Join the new Macro Musings Discord server!

Join the Macro Musings mailing list!

Check out our Macro Musings merch!

*Deposit Convexity, Monetary Policy, and Financial Stability* by Emily Greenwald, Sam Schulhofer-Wohl, and Joshua Younger

*Understanding the Long-Run Decline in Interstate Migration* by Greg Kaplan and Sam Schulhofer-Wohl

*Is a Treasury Central Clearing Mandate the Path to Increased Central Clearing?* by Marta Chaffee and Sam Schulhofer-Wohl

*The Netting Efficiencies of Marketwide Central Clearing* by Michael Fleming and Frank Keane

*Ample Reserves and the Friedman Rule* - A speech by Dallas Fed President Lorie Logan at the 2023 European Central Bank Conference on Money Markets

Timestamps:

(00:00:00) – Intro

(00:01:31) – Sam’s Wide-Ranging Career Path

(00:11:08) – The Customer Settlement Risk Externality

(00:14:30) – Breaking Down the Treasury Market

(00:18:38) – The Importance and Effectiveness of Central Clearing

(00:26:50) – The History and Role of FICC

(00:32:27) – All-to-all Trades as a Path to Reforming the Treasury Market

(00:36:52) – The Future Timeline for Central Clearing

(00:39:07) – *Ample Reserves and the Friedman Rule*

(00:46:52) – *Deposit Convexity, Monetary Policy, and Financial Stability*

(00:52:21) – The Importance of Labor Migration for Monetary Policy

(00:59:42) – Outro

456 episodes

#Economics #Business Disciplines #Macroeconomics #Monetary #Policy #David Beckworth #Business #Mercatus Center at George Mason University #Podcasting Education