Bill Nelson, chief economist at the Bank Policy Institute and Allan Malz, adjunct professor of public affairs at Columbia University, both former Federal Reserve staffers, join Pierre Ortlieb, economist at OMFIF, to discuss the outcome and consequences of the late October Federal Open Market Committee meeting. They discuss, among other things, whether the chosen measures are warranted given the relative strength of the US economy, and what the Fed might undertake to resolve deeper, structural problems in money markets.

For more on the Fed, see Pierre’s commentary, ‘Claustrophobia on the Fed’s balance sheet’ here.