Lev Menand
speaker
1,295 appearances
6 recordings
1 series
first heard Jan 2025
last heard 17 Jul
Lev Menand’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.
Appearances
And the real reason could be that he didn't like what J Pow was doing on interest rates, but how would we know?
Because he doesn't need to give a reason except to say that it's bank regulation.
So th there's like already a problem.
But the deeper problem is
Monetary policy implementation is bank regulation.
Like
In January.
When the Fed met in the aftermath of that meeting.
The board of governors amended
Regulation D
through a rulemaking published in the federal register.
Lowering the interest paid on reserve balances to banks with reserve accounts at the Federal Reserve Banks.
It is a straight exercise of regulatory power, just like when the SEC writes a rule for what type of disclosure a company has to do if it's a publicly traded company.
And they just don't seem to realize this.
think that it's like FOMC just meets and they talk and then they announce a decision and that's monetary policy.
It's not regulatory, it's not adjudicatory.
But actually no monetary policy implementation is all exercise of government power over the banking system.
That's a great question.
The narrow sort of answer, you know, just a law professor's concern is that.
Creating illogical exceptions to doctrine is bad for law.
Showing 781–800 of 1,295 · page 40 of 65
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