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Interview with Bob McTeer
Dr. McTeer joins Jim for the first time, and begins this visit by talking about what the Federal Reserve Board is and what it does. Bob also explains why we have regional Fed banks, how they work, and how they make the Fed a decentralized central bank. Bob explains what happens in an FOMC meeting where the decisions are make to adjust interest rates which ultimately affect the rates banks charge customers. This is information that you may only find on The Small Business Advocate show.
Category:
Economy: Nation, Global
More interviews with Bob McTeer »See all
Bob McTeer joins Jim Blasingame to report on a little-known part of the Federal Reserve Act – Section 13.3 – which allows the Fed to help small businesses directly as a “lender of last resort” during emergency periods.
Bob McTeer joins Jim Blasingame to reveal the long list of emergencies the Fed has dealt with in the past 20+ years to maintain economic and monetary stability as it deals with the coronavirus pandemic.
Bob McTeer joins Jim Blasingame to discuss the job that Chairman Yellen has done leading the Fed, and to predict that she will likely be replaced when her term is up.
Bob McTeer joins Jim Blasingame to discuss the unprecedented size of the Fed balance sheet and whether it’s time to begin liquidating it.
Bob McTeer joins Jim Blasingame to agree that the FOMC will likely raise rates a quarter point during the June meeting, and why the current conditions justify this step.
