Donald Kohn is a 40-year veteran of the Federal Reserve System and a senior fellow in the Economic Studies program at the Brookings Institution. Don returns to the program to discuss the lessons of the Greenspan Fed, how Kevin Warsh should think about communication and forward guidance, why inflation remains a concern, the Fed's new task forces, the future of its monetary policy tools, and much more.

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

Recorded on July 22nd, 2026

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Timestamps

00:00:00 - Intro
00:01:25 - Working with Paul Volcker
00:08:22 - Working with Alan Greenspan
00:22:11 - The Kevin Warsh Fed
00:31:21 - Fighting Inflation
00:43:26 - Balance Sheet Task Force
01:08:21 - Outro

Donald Kohn on the Fed's Past, Present, and Future

Macro Musings with David Beckworth

Donald Kohn on the Fed's Past, Present, and Future