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Hosted by David Beckworth of the Mercatus Center, Macro Musings is a podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

May 15, 2023

Jeanna Smialek is a reporter who covers the Federal Reserve and the economy for the New York Times, and is the author of a new book titled, *Limitless: The Federal Reserve Takes On a New Age of Crisis.* Jeanna is also a returning guest to Macro Musings and rejoins the podcast to talk about her book and its implications for the future of the Federal Reserve system. David and Jeanna also discuss the credit allocation vs. liquidity support debate, the Fed’s definition of price stability, the Bank Term Funding Program, and a lot more.


Transcript for this week’s episode


Jeanna’s Twitter: @jeannasmialek

Jeanna’s New York Times profile


David Beckworth’s Twitter: @DavidBeckworth

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Related Links:


*Limitless: The Federal Reserve Takes on a New Age of Crisis* by Jeanna Smialek