Marc Giannoni is a managing director and the chief US economist at Barclays Capital. In Marc’s first appearance on the show he discusses working on the 2020 Fed Framework Review, the troubling issues of Fed independence and fiscal dominance, the future of long rates and r-star, his influential 2006 paper about what good monetary policy looks like, and much more. Check out the <a href= "https://www.mercatus.org/macro-musings/marc-giannoni-feds-framework-review-its-independence-and-future-r-star">transcript</a> for this week’s episode, now with links. Recorded on August 28th, 2025 Subscribe to David's Substack: <a href= "https://macroeconomicpolicynexus.substack.com/">Macroeconomic Policy Nexus</a> Follow David Beckworth on X: <a href= "https://twitter.com/DavidBeckworth">@DavidBeckworth</a> Follow the show on X: <a href= "https://twitter.com/Macro_Musings">@Macro_Musings</a> Check out our Macro Musings <a href= "https://www.bonfire.com/store/mercatus-podcast-swag/">merch!</a> <a href= "https://www.youtube.com/@BeckworthDavid">Subscribe</a> to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:01:35 - Marc’s Career 00:6:41 - Fed’s Framework Review 00:20:46 - Fed Independence 00:27:12 - Long-Term Rates 00:43:39 - Has Monetary Policy Become More Effective? 00:55:48 - Outro

Podurama

Home

Trending

Personal

Your Podcasts

New Episodes

My Files

Favourite Episodes

Tags (Folders)

Recently Played

Bookmarks

Followed Playlists

Marc Giannoni on the Fed’s Framework Review, it’s Independence, and the Future of R-Star

Macro Musings with David Beckworth

AI Chapters

AI Insights

Reviews