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    Artwork for Macro Musings with David Beckworth
    Episode

    Scott Sumner on Monetary Policy Confusion in Our Current Policy Debates

    Macro Musings with David Beckworth · Feb 2, 2026 · 1 h 05 min
    Episode page

    Scott Sumner is the Ralph G. Hawtrey Chair Emeritus of Monetary Policy and the founder of the Monetary Policy Program at Mercatus. Scott returns to the show, to discuss his life post Mercatus, nominal GDP counterfactuals of the pandemic and the Great Financial Crisis, the role of QE in inflation, the fears about Fed independence, and much more. Check out the transcript for this week's episode…

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