David Malpass

speaker

289 appearances 4 recordings 1 series first heard Nov 2025 last heard 22 Jun

David Malpass’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 4 in all, peaking in Dec 2025 with 2.

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Hi, Steve.

Well, I was there in 87 when the transition came from Volcker.

So one thing that strikes me is just how much change has come at the Fed level.

And a lot of it is just plain growth.

The Fed extended itself into regulatory policy.

Now it has a huge balance sheet.

It changed over the years the way it sets interest rates.

So one lesson I think from where we are today

is that there was a huge amount of judgment that Greenspan put into setting the interest rates.

He also had really good timing.

For example, The Maestro, that book you just mentioned, came out just before the crash of the dot-com.

So they were calling him The Maestro.

And then the whole Nasdaq bubble really crashed deeply just after that.

So good timing.

He left before the 08 financial crisis.

He left in 07, but maybe allowed some of the groundwork to set up.

So my bottom line on this is he's renowned and should be for good judgment through five terms, long terms of but.

didn't leave us with a foundation for the Fed of sound money.

That's a great question.

You know, the president carries or his staff carries the football, which has the nuclear codes in.

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