Macrocast: Peanuts, power struggles, and the price of partisanship

Today's Macrocast is a special one! First, Ylan interviews Raphael Bostic, President and CEO of the Federal Reserve Bank of Atlanta, with whom she spoke earlier this week at the 2023 Federal Reserve Financial Markets Conference. The pair discuss how the Fed makes predictions and decisions to tackle economic crises. Bostic explains that the Fed has amended the way they survey the private sector, including engaging local business leaders early, in order to identify coming economic trends, like inflation and lay-offs. During the latter half of the episode, Ylan is joined by her co-hosts Brendan and John from Markets Policy Partners and Bryan DeAngelis, partner at Penta and host of What's at Stake, to recap this week's Macrocast Live panel discussion. The discussion featured Doug Holtz-Eakin, former Director of of the CBO and Chief Economist of the President’s Council of Economic Advisers and current President of the American Action Forum, and Wendy Edelberg, former Chief Economist at the CBO and current Director of The Hamilton Project and Senior Fellow of Economic Study at the Brookings Institution who shared their predictions and perspectives on the debt ceiling, looming default, and more.