Mar 8, 2023
Robert Hetzel looks at the evolution of monetary policymaking through the lens of his new book, The Federal Reserve: A New History. In part one of this two-part conversation, he discusses the Fed's policy shifts in the two decades following the Treasury-Fed Accord of 1951 and the role of the Federal Reserve Bank of Richmond during that period. Hetzel was a senior economist and research advisor at the Richmond Fed from 1975 to 2018.
Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/2023/speaking_2023_03_08_monetary_history_1