Episode
Marc Giannoni on the Fed's Framework Review, it's Independence, and the Future of R-Star
Macro Musings with David Beckworth · Sep 22, 2025 · 56 min
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 transcript for this…