Prof. Levin Making the Media Rounds

The recent interest in the work of the Federal Reserve, especially in light of the recent bank failures, has led several media outlets to seek advice from Professor Andrew Levin who used to serve as an advisor to the Federal Reserve Board of Governors.

Some of the recent media appearences by Prof. Levin:

ABC News: https://abcnews.go.com/US/delicate-balance-banking-crisis-fight-inflation/story?id=97984223.
"It's a very delicate balance," Andrew Levin, an economics professor at Dartmouth College and a former Fed economist, told ABC News. "If we're in a situation where the Fed can't make sure prices are stable because it's too worried about the stability of the banking system, that would be a very unfortunate situation."

NY Times: https://www.nytimes.com/2023/03/17/opinion/silicon-valley-bank-federal-reserve.html
"It might seem extraordinary that a U.S. government institution could conduct any program that is likely to incur a cost of nearly $1 trillion to taxpayers. And it might seem equally extraordinary that such a program could be undertaken without congressional approval or even any forewarning about the magnitude of the risks. Yet that is the expected outcome of the Federal Reserve's securities purchase program known as QE4."

Marketplace Radio: https://www.marketplace.org/2023/03/14/want-to-know-which-way-fed-policy-is-headed-this-quarterly-report-offers-hints/
"I would describe this as a survey — it's like an opinion poll," said Andrew Levin, an economics professor at Dartmouth College who's also a former Fed economist. Levin helped design the summary and a series of questions for the panel of Fed governors and regional Fed bank presidents that sets interest rates — the Federal Open Market Committee. "The survey is usually done the previous few days before each policy meeting," Levin explained.

Reuters: https://www.reuters.com/markets/us/us-sen-scott-pushes-new-fed-inspector-general-slams-fed-over-bank-regulation-2023-03-21/
"When Congress created Inspectors General in the 1970s, the Federal Reserve was a much smaller and less complicated entity," said Andrew Levin, an economics professor at Dartmouth and a former Fed official. "The Fed was assigned an internal IG that reports directly to the Fed board, rather than a completely independent auditor, like the Pentagon or other big agencies."

Yahoo Finance TV: https://finance.yahoo.com/video/fed-probably-more-banking-deposit-183858046.html
"The Fed will probably have to do more as the banking and inflation risks play out."