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  • Jerome Powell: “We don't think you're a straight shooter"

    Jerome Powell: “We don't think you're a straight shooter"
    2025/05/04
    More than any one institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed’s philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. This eighth and final episode covers the life and times of the current chair, Jerome ("Jay") Powell - the technocratic lawyer-turned-banker who managed the global economy through two unprecedented disasters: the Covid pandemic and Donald Trump’s protectionist trade policies. As the episodes about Martin, Burns, and Volcker all attest, Powell isn't the first chairman to face political blowback. But he is the first to be publicly denounced as “Mr Too Late” and a “major loser” by a president intent on removing him from office before his term ends in mid-2026. To discuss Powell, Tim is joined by Nick Timiraos, author of Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic and Prevented Economic Disaster (Little, Brown, 2022). “If people think you're not going to act in the country's best interest, that's bad for the Fed,” he says. “The next time the Fed decides it needs to do something that actually is ‘exigent and unusual’, people will say: ‘Well, wait a minute, the last time you did this, we thought you were a toady for the Democrats or a toady for the Republicans. We don't think you're a straight shooter. We're not going to let you raise interest rates by 25 basis points. We're not going to give you money to backstop your purchases of corporate credit’. Those are the kind of medium and long term risks from a fight with the White House. I think, for Powell, the worst outcome is that people don't think you have an independent central bank anymore. Your monetary policy won't be credible. Why not just roll that thing into the Treasury Department if that's what you're going to do?” Since 2017, Nick Timiraos has been the chief economics correspondent at The Wall Street Journal and has developed an unrivalled reputation as the "Fed whisperer". Learn more about your ad choices. Visit megaphone.fm/adchoices
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    51 分
  • Janet Yellen: “She had a view that the world was on fire”

    Janet Yellen: “She had a view that the world was on fire”
    2025/05/03
    More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed’s philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The third episode of the second series covers Janet Yellen – not only the first woman to become Fed Chair but the first person of either sex to lead the Fed, the Treasury, and the Council of Economic Advisors. To discuss Ben Bernanke’s successor, Tim is joined by Jon Hilsenrath, author of Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval (Harper Collins, 2022). “Bernanke was a consensus builder,” says Hilsenrath. “He wasn't the kind of guy who was going to push people on a personal level out of their comfort zones … Yellen was a bit of a bulldog there, but she was also a bulldog with the Fed staff. I mean, she had a view that the world was on fire and that they, you know, and that they had to be moving like people putting out a fire”. In 2023, Hilsenrath left the Wall Street Journal after a 26-year career during which he developed a market reputation as a pre-eminent Fed-watcher. He’s still watching the Fed but now for his own advisory firm. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    1 時間
  • Ben Bernanke: “Like being a paleontologist”

    Ben Bernanke: “Like being a paleontologist”
    2025/05/02
    More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed’s philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. Episode two of the second series covers the life and crisis-era times of Ben Bernanke, the man who filled Alan Greenspan’s big shoes and ran the Fed from 2006 to 2014. A shy but world-renowned monetary economist and historian of the Great Depression, Bernanke was left holding the proverbial bomb when the financial system came close to collapse in 2008. To discuss Bernanke, Tim is joined by David Wessel, author of In FED We Trust: Ben Bernanke's War on the Great Panic (Crown, 2010). “It wasn't obvious when he was appointed to the Fed in 2006 that having somebody who had spent their life studying the Great Depression would be well equipped to be Alan Greenspan's successor,” says Wessel. “I have sometimes said it was a like being a paleontologist. It's very nice that you know a lot about dinosaurs, but what use is that to us today until one day a Stegosaurus appears on the horizon. And it was remarkable good fortune for the country and the world that there was a guy who happened to have studied all the mistakes that the Fed made in the 1920s and the 1930s in a position to do something about it when a situation, not all that dissimilar, appears both to his surprise and to almost everybody else's”. Wessel is two-time Pulitzer Prize winning journalist who now runs the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution. For 30 years, he worked at the Wall Street Journal - reporting mostly from Washington and covering economics and the Fed. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    44 分
  • Alan Greenspan: “The man who knew”

    Alan Greenspan: “The man who knew”
    2025/05/01
    More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed’s philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The first episode of the second series explores Alan Greenspan, the chairman who followed Paul Volcker and ran the Fed from 1987 until 2006. Once bestowed with “Maestro” status, Greenspan – who turns 100 in March 2026 – has seen his reputation deflate in the wake of the post-2008 financial crisis. To discuss the fallen Maestro, Tim is joined by Sebastian Mallaby, author of The Man Who Knew: The Life and Times of Alan Greenspan (Bloomsbury, 2016). “Greenspan was the man who knew,” says Mallaby. “He was the man who knew that bubbles were extremely destructive, and yet he was not the man who acted against those bubbles. So, whilst he was great on inflation and on stabilising the price of eggs, he was not good on asset-price inflation or stabilising the price of nest eggs”. A former journalist at The Economist and the Washington Post, Mallaby is the prize-winning author of The World's Banker – a portrait of the World Bank under James Wolfensohn – and More Money Than God: Hedge Funds and the Making of a New Elite. He is now the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    49 分
  • Institutional Corruption in News Media: A Conversation with William English

    Institutional Corruption in News Media: A Conversation with William English
    2025/04/30
    Why has trust in the news media declined? How can we combat biased reporting and the spread of misinformation? And how do these challenges compare to the media landscape during America’s founding era? Join us as we explore these pressing questions with William English, a political economist and Associate Professor of Strategy, Economics, Ethics, and Public Policy at Georgetown University’s McDonough School of Business. Professor English will discuss his long-standing research on the intersection of ethics, media, and politics, including the Founding Fathers’ views on press freedom and its vital role in maintaining democracy. He’ll also examine the growing problem of “hermeneutic unintelligibility”—where conflicting worldviews make meaningful dialogue between opposing groups nearly impossible. Finally, he’ll explore potential technological solutions, such as open-source protocols, that could help restore trust and transparency in media. Madison’s Notes is the podcast of Princeton University’s James Madison Program in American Ideals and Institutions. Contributions to and/or sponsorship of any speaker does not constitute departmental or institutional endorsement of the specific program, speakers or views presented. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    1 時間 1 分
  • Caitlin Killian, "Understanding Reproduction in Social Contexts" (Bloomsbury, 2025)

    Caitlin Killian, "Understanding Reproduction in Social Contexts" (Bloomsbury, 2025)
    2025/04/28
    In today's post-Roe v. Wade world, U.S. maternal mortality is on the rise and laws regarding contraception, involuntary sterilization, access to reproductive health services, and criminalization of people who are gestating are changing by the minute. Today I’m joined by Dr. Caitlin Killian, the editor of and one of the contributors to a new book from Bloomsbury Academic, Understanding Reproduction in Social Contexts: A Reader. I’m also pleased to host two of the chapter authors, Drs. Nancy Hiemstra and Jaya Keaney. Using a reproductive justice framework, Understanding Reproduction in Social Contexts walks students through the social landscape around reproduction through the life course. Chapters by cutting-edge reproductive scholars, practitioners, and advocates address the social control of fertility and pregnancy, the promises and perils of assisted reproductive technologies, experiences of pregnancy, miscarriage, abortion, and birth, and how individuals make sense of and respond to the cultural, social, and political forces that condition their reproductive lives. The book takes an intersectional approach and considers how gender, sexuality, fatness, disability, class, race, and immigration status impact both an individual's health and the healthcare they receive. The reader includes timely topics such as increased legal limitations on abortion, transpeople and reproduction, and new developments in assisted reproduction and family formation. The book can support undergraduate and graduate courses on families, gender, public health, reproduction, and sexuality – and I’m pleased to have contributed a chapter. Dr. Caitlin Killian is a Professor of Sociology at Drew University specializing in gender, families, reproduction, and immigration. We featured her book, Failing Moms: Social Condemnation and Criminalization of Mothers (Polity 2023) previously on New Books Network. Her articles have appeared in Contexts magazine and The Conversation, as well as numerous academic journals, and she has done work for the United Nations on sexual and reproductive health and rights and on Syrian refugee women Dr. Nancy Hiemstra is a political, cultural, and feminist geographer and Associate Professor in the Department of Women's, Gender, and Sexuality Studies at Stony Brook University. Her scholarship focuses on how border and immigration policies shape patterns and consequences of human mobility. Her 2019 book Detain and Deport: The Chaotic U.S. Immigration Enforcement Regime examined the U.S. detention and deportation system, and her forthcoming book (with Deirdre Conlon) Immigration Detention Inc: The Big Business of Locking Up Migrants scrutinizes how profit making goals drive the expanding use of detention. Dr Jaya Keaney is Lecturer in Gender Studies in the School of Social and Political Sciences at the University of Melbourne. She writes, researches, and teaches in the fields of feminist technoscience, queer and feminist theory, and cultural studies. Her research across these fields explores reproduction, racism, and queer feminist practices of embodiment and inheritance. Jaya is the author of Making Gaybies: Queer Reproduction and Multiracial Feeling (Duke University Press, 2023), which was a finalist for the 2024 Rachel Carson Prize. Her writing has also appeared in journals such as Body and Society, Science Technology & Human Values, and the Duke University Press edited collection Long Term: Essays on Queer Commitment (2021). Mentioned: Susan’s interview with Caitlin on Failing Moms: The Social Condemnation and Criminalization of Mothers (Polity, 2024). Learn more about your ad choices. Visit megaphone.fm/adchoices
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    1 時間 8 分
  • The Good Father Syndrome: Why Strongmen Still Seduce

    The Good Father Syndrome: Why Strongmen Still Seduce
    2025/04/28
    In this episode of International Horizons, RBI director John Torpey speaks with Stephen Hanson and Jeffrey Kopstein, co-authors of The Assault on the State: How the Global Attack on Modern Government Endangers Our Future (Polity Press, 2024). In this conversation, they discuss how today’s right-wing movements, from the United States to Hungary, are waging a new form of politics that undermines the very foundations of the modern, rules-based state. Drawing on Max Weber’s concept of “patrimonialism,” Hanson and Kopstein explore how these leaders erode public trust, demolish impersonal bureaucracies, and replace rational governance with personal loyalty and whim. Along the way, they examine the role of conspiracy theories, the rise of “deep state” narratives, and the uneasy alliances connecting libertarians, Christian nationalists, and advocates of an all-powerful executive. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    33 分
  • The Vote Gap: What’s Pulling Young Men and Women Apart?

    The Vote Gap: What’s Pulling Young Men and Women Apart?
    2025/04/27
    Why are young men leaning right while young women shift left? Hosts Nina dos Santos and Owen Bennett-Jones speak with NYU’s Scott Galloway, political analyst Sophie Stowers, and commentator Oliver Dean to explore the forces behind this growing divide. Whether it’s a broken social contract where young people no longer believe they will lead better, more prosperous lives than their parents or the work of algorithms that feed off rage and division, the implications are profound. This podcast was recorded live at NYU London, in front of an audience of students who are part of a generation searching for increasingly radical solutions to fix society. Guests Scott Galloway is a Professor of Marketing at NYU Stern School of Business where he teaches Brand Strategy and Digital Marketing to second-year MBA students. He is also a Bestselling author, professor and entrepreneur. Sophie Stowers - A Research Associate at UK in a Changing Europe. Her background is in British and European politics, and her research focuses on UK-EU relations, British politics and parties, and public opinion. She previously worked as a Parliamentary Assistant. Oliver Dean a political commentator with Young Voices UK. He studies History and Politics at the London School of Economics and Political Science where he is the Treasurer of the LSE Hayek Society. Producer: Pearse Lynch Executive Producer: Lucinda Knight Learn more about your ad choices. Visit megaphone.fm/adchoices
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    56 分