Episode
Darrell Duffie on the Fed's Balance Sheet and the Changing Financial System
Macro Musings with David Beckworth · Nov 2, 2026 · 59 min
Darrell Duffie is the Adams Distinguished Professor of Management, Emeritus, and Professor of Finance, Emeritus, at the Stanford Graduate School of Business. He joins the program to discuss the challenges of shrinking the Federal Reserve's balance sheet, the future of payment-system design, the implications of tokenized finance, and much more. Watch the full length video on our new YouTube…