Samim Ghamami is former SEC economist. Samim returns to the show to discuss the fiscal trajectory of the US, the outlook of interest rates, the US Treasury market’s impact on inflation, potential reforms to the Treasury market and much more.

Check out the transcript for this week’s episode, now with links.

Recorded on August 5th, 2025

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Timestamps

00:00:00 - Intro

00:01:42 - Fiscal Trajectory of the US

00:3:55 - Interest Rates

00:21:28 - Inflation

00:39:53 - Treasury Market Reform

00:48:05 - Outro

Samim Ghamami on the Treasury Markets Impact on the Future Path of Interest Rates and Inflation

Macro Musings with David Beckworth

Samim Ghamami on the Treasury Markets Impact on the Future Path of Interest Rates and Inflation