The Fed Unbound with author Lev Menand

Capital Ideas podcast · Sep 9, 2022 · 38m

The U.S. Federal Reserve's role has evolved over the past several decades — and not in a good way, says author Lev Menand. A law professor and former economist at the Federal Reserve Bank of New York, Menand argues here — and in his new book, The Fed unbound: Central banking in a time of crisis — that the Fed's expanded responsibility of backstopping shadow banks and other speculative players during economic downturns serves mainly to enable more (and more severe) financial crises.

Related resources:

Guide to recessions

This content is published by Capital Client Group, Inc.

For…