Randal Quarles is the executive chairman of the Cynosure Group and the former Vice Chair of Supervision for the Federal Reserve Board of Governors. Randy also served as an official in the US Department of Treasury, and he joins Macro Musings to talk about his time at the Federal Reserve and his thoughts on current issues facing the institution. David and Randy also discuss how the Fed fell behind the curve on inflation, how he sees the balance sheet reduction process playing out, the central bank’s shifting focus toward climate change, and more.

 

Transcript for the episode can be found here.

 

Randal’s Cynosure profile

Randal’s Federal Reserve profile

 

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*Between the Hither and the Farther Shore: Thoughts on Unfinished Business* by Randal Quarles