The Balance Sheet at the Center of the World with Joseph Wang

The Rasheed Griffith Show

Welcome back to Caribbean Progress with Rasheed Griffith, a podcast of CPSI. In this episode, I am joined by the insightful Joseph Wang, a former senior trader on the open market desk at the Federal Reserve Bank in New York. We discuss the expanding internationalization of the Fed and the steadfast dominance of the USD in global trade and finance across the dollar zone.
Key Points
0:00 Internationalization of the Fed

9:40 Interest Rates in the Dollar Zone

14:13 Fed's Policy and the Eurodollar Market

20:02 US Dollar's Importance in Global Finance

29:53 Fed's Global Influence and Future Expansion

34:38 Transition From LIBOR to SOFR

39:49 Modeling Limitations in Economics

Recommendations
Get Joseph's excellent book Central Banking 101 and follow him on X (formerly Twitter) @FedGuy12. You can also read some of Joseph's detailed analysis on more advanced topics on his blog www.fedguy.com
Subscribe to CPSI Substack
Follow Rasheed on X @rasheedguo

Chapters

1. Globalization of the Fed and Dollar (00:00:00)

2. Fed's Role in Dollar Interest Rates (00:09:40)

3. Fed's Policy and the Eurodollar Market (00:14:13)

4. US Dollar's Importance in Global Finance (00:20:02)

5. Fed's Global Influence and Future Expansion (00:29:53)

6. Transition From LIBOR to SOFR (00:34:38)

7. Math's Limitations in Economics (00:39:49)