# David Wessel on the Fed's Current Inflection Point

Page: https://stenobird.com/podcast/macro-musings-with-david-beckworth-574582/david-wessel-on-the-fed-s-current-inflection-point
Text version: https://stenobird.com/podcast/macro-musings-with-david-beckworth-574582/david-wessel-on-the-fed-s-current-inflection-point.md
Podcast: [Macro Musings with David Beckworth](https://stenobird.com/podcast/macro-musings-with-david-beckworth-574582)
Published: 2026-07-27T09:00:00+00:00
Episode link: https://macromusings.libsyn.com/david-wessel-on-the-feds-current-inflection-point
Audio file: https://traffic.libsyn.com/secure/macromusings/MM-553-DavidWessel-Podcast-Final.mp3?dest-id=865793
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JSON: https://stenobird.com/v1/public/podcasts/macro-musings-with-david-beckworth-574582/episodes/david-wessel-on-the-fed-s-current-inflection-point
Duration seconds: 3354

## Resource

David Wessel is a senior fellow in economic studies at Brookings and is the director of the Hutchins Center on Fiscal and Monetary Policy. In David's first appearance on the show, he discusses stories of the Greenspan Fed, what is was like in Europe when the euro was adopted, the legacy of the Powell Fed, his thoughts on the great man theory, the outlook for the Kevin Warsh Fed, the ongoing challenge of Fed independence, and much more. Watch the full length video on our new YouTube Channel! Check out the transcript for this week's episode, now with links. Recorded on June 15th, 2026 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow David Wessel on X: @DavidMWessel Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Timestamps 00:00:00 - Intro 00:01:48 - David's Career 00:19:30 - Legacies of Fed Chairmans 00:31:51 - Kevin Warsh Fed 00:43:34 - Fed Independence 00:55:13 - Outro

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## Transcript

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