Randy Quarles’ mic drop speech included a very strange commentary on the future of the Fed’s emergency lending authority in 13(3). On today’s episode Steven Kelly and I react.
Quarles’ <a href="https://www.federalreserve.gov/newsevents/speech/quarles20211202a.htm">speech</a>
Lev <a href="https://twitter.com/LevMenand" target="_blank">Menand’s</a> <a href="https://ecgi.global/sites/default/files/working_papers/documents/menandfinal.pdf" target="_blank">paper</a> on liquidity/credit facilities
Pari Sastri’s <a href="https://www.newyorkfed.org/medialibrary/media/research/epr/2018/epr_2018_political-origins_sastry.pdf" target="_blank">13(3) paper</a>
2008 <a href="https://www.federalreserve.gov/newsevents/pressreleases/files/monetary20090311a1.pdf" target="_blank">Board minutes</a> on penalty rates
On twitter: <a href="https://twitter.com/StevenKelly49" target="_blank">@StevenKelly49</a>, <a href="https://twitter.com/KalebNygaard" target="_blank">@KalebNygaard</a>

Randy Quarles’ mic drop speech included a very strange commentary on the future of the Fed’s emergency lending authority in 13(3). On today’s episode Steven Kelly and I react. Quarles’ speech Lev Menand’s paper on liquidity/credit facilities Pari Sastri’s 13(3) paper 2008 Board minutes on penalty rates On twitter: @StevenKelly49, @KalebNygaard

Randy Quarles’ mic drop speech included a very strange commentary on the future of the Fed’s emergency lending authority in 13(3). On today’s episode Steven Kelly and I react.
Quarles’ <a href="https://www.federalreserve.gov/newsevents/speech/quarles20211202a.htm" rel="noopener noreferrer">speech</a>
Lev <a href="https://twitter.com/LevMenand" rel="noopener noreferrer">Menand’s</a> <a href="https://ecgi.global/sites/default/files/working_papers/documents/menandfinal.pdf" rel="noopener noreferrer">paper</a> on liquidity/credit facilities
Pari Sastri’s <a href="https://www.newyorkfed.org/medialibrary/media/research/epr/2018/epr_2018_political-origins_sastry.pdf" rel="noopener noreferrer">13(3) paper</a>
2008 <a href="https://www.federalreserve.gov/newsevents/pressreleases/files/monetary20090311a1.pdf" rel="noopener noreferrer">Board minutes</a> on penalty rates
On twitter: <a href="https://twitter.com/StevenKelly49" rel="noopener noreferrer">@StevenKelly49</a>, <a href="https://twitter.com/KalebNygaard" rel="noopener noreferrer">@KalebNygaard</a>

18. Quarles' strange 13(3) vision w/Steven Kelly

News and thoughts from the Centralverse, the world of the Federal Reserve and other central banks around the world...not a podcast about some national forest out west!

Share 18. Quarles' strange 13(3) vision w/Steven Kelly

Sign up to save your podcasts

18. Quarles' strange 13(3) vision w/Steven Kelly

18. Quarles' strange 13(3) vision w/Steven Kelly