Donald Kohn on the Fed’s Past, Present, and Future | Macro Musings

Donald Kohn is a 40-year veteran of the Federal Reserve System and a senior fellow in the Economic Studies program at the Brookings Institution. Don returns to the program to discuss the lessons of the Greenspan Fed, how Kevin Warsh should think about communication and forward guidance, why inflation remains a concern, the Fed’s new task forces, the future of its monetary policy tools, and much more. Recorded on July 22nd, 2026 Transcript and links: https://www.mercatus.org/macro-musing... Stay connected: Subscribe to David's Substack: https://macroeconomicpolicynexus.subs... Follow David on X: https://x.com/DavidBeckworth Follow the show on X: https://x.com/Macro_Musings Timestamps: 00:00:00 - Working with Paul Volcker 00:08:22 - Working with Alan Greenspan 00:22:53 - The Kevin Warsh Fed 00:31:36 - Fighting Inflation 00:45:41 - Balance Sheet Task Force Episode Credits Host: David Beckworth Lead Producer: Melody Hansen Video Editor: Melody Hansen Audio Editor: Alex Bennett Transcript Editor: Mary Horan Head of Production: Dallas Floer