This podcast episode features Anil Kashyap discussing the evolving role of the Federal Reserve in market stability, emphasizing the need for a clearer distinction between asset purchases aimed at financial stability versus those for monetary policy. Kashyap analyzes past interventions, the effectiveness of quantitative easing, and the current economic climate's resilience amid rate hikes, while advocating for a dedicated advisory group to enhance the Fed's communication and strategies for financial stability. The conversation also touches on Kashyap's extensive research portfolio, including critical contemporary issues like money laundering, suggesting that the Fed should develop a structured playbook to effectively navigate future financial crises.
