Episode
Bill Nelson on the Future of the Fed's Balance Sheet
Macro Musings with David Beckworth · Mar 23, 2026 · 56 min
Bill Nelson is a chief research officer and chief economist at the Bank Policy Institute. In Bill's 10 th appearance on the show he discusses his infamous email list, the ratchet effect from QE, his congressional testimony, the BPI's Bank Treasurers Survey, how he thinks the Fed should shrink the balance sheet, whether the Fed is profitable, and much more. Watch the full length video on our new…