Bill Nelson is a Chief economist and an executive vice president at the Bank Policy Institute. Bill returns to the show to discuss the changes at many central banks around the world from a supply-driven floor system to a demand-driven floor system and how the Fed has been resistant to this change.
Check out the transcript for this week’s episode, now with links.
Recorded on March 6th, 2025
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Timestamps:
(00:00:00) – Intro
(00:01:35) – Trend Toward a Demand-Driven Ceiling System
(00:07:32) – Will the Fed Follow Suit?
(00:13:11) – Bank of England’s New Policy Implementation Framework
(00:21:33) – Bill’s Suggestions for the Fed’s Implementation Framework
(00:39:18) – Responding to Lorie’s Case for the Floor System
(00:59:11) – Outro
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