Adam Posen

speaker
1,220 appearances 2 recordings 1 series first heard Aug 2025 last heard 1 Sep

Adam Posen’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Sep 2026 with 1.

Appearances

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Um
But also just in a broader central banking context, everybody tries to situate themselves between what's called rules versus discretion.
Is it like I'm gonna raise rates every time monetary growth goes up or something like that, which generally is a bad idea if you're too strict.
Or pure discretion.
I'm gonna you know, I don't have to justify, I'm just gonna make the right call every time.
And that's basically Greenspan Circuit nineteen ninety nine.
And Greenspan could get away with it, partly 'cause he was very good, and partly because by that point he had such dominance over the committee and partly it had ca it caused trouble for later.
Um because then you had the weekend at Bernie's problem, which is if if Greenspan, God forbid, drops dead, and then we obviously just lost him recently, but in nineteen ninety nine I have
no.
Um i in nineteen ninety nine, you know, you were worried if if then already somewhat old Alan Greenspan had a heart attack on the fit.
Tennis court, all the credibility went away because it was all about him.
And and this is why Ben Bernanke, Rick Mishkin, Thomas Laubach and I pushed the inflation targeting.
idea.
And Ben very
Consciously when he was chair.
Push.
accountability.
because he wanted it to be not just all about one person.
And I think this to me is not talked about enough and is the wor most worrying thing about where Chair Walsh has gone.
That's a really good question, Tracy.
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