Donald Kohn on the Fed's Past, Present, and Future

Aug 31, 2026 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. Watch the full length video on our new YouTube Channel! Check out the transcript for this week’s episode, now with links. Recorded on July 22nd, 2026 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Timestamps 00:00:00 - Intro 00:01:25 - Working with Paul Volcker 00:08:22 - Working with Alan Greenspan 00:22:11 - The Kevin Warsh Fed 00:31:21 - Fighting Inflation 00:43:26 - Balance Sheet Task Force 01:08:21 - Outro