In this special bonus episode of Macro Musings, David Beckworth joins Employ America and several other monetary policy enthusiasts on the day of the July FOMC meeting to discuss what would be an historic event – the first interest rate cut executed by the Fed since December 2008, and the market reactions to this event. In addition to their discussion of this eventual rate cut, David and the other Fed watchers also get a chance to talk about Judy Shelton's nomination to the Fed Board of Governors, the significance and aftermath of the recent Humphrey Hawkins hearing, how the Fed's decision to cut parallels the European Central Bank, and more. Transcript for the episode: https://www.mercatus.org/bridge/podcasts/08072019/bonus-episode-watch-party-fed%E2%80%99s-historic-interest-rate-cut Related Links: Employ America's home page: https://employamerica.org/ Sam Bell's Twitter: @sam_a_bell Skanda Amarnath's Twitter: @IrvingSwisher Sam & Skanda's bios: https://employamerica.org/about/ Soumaya Keynes' Twitter: @SoumayaKeynes Soumaya's website: https://soumayakeynes.com/ Soumaya's Economist profile: http://mediadirectory.economist.com/people/soumaya-keynes/ Ryan Avent's Twitter: @ryanavent Ryan's Economist profile: https://mediadirectory.economist.com/people/ryan-avent/ Nick Bunker's Twitter: @nick_bunker Nick's Indeed profile: https://www.hiringlab.org/author/nbunker/ David's blog: macromarketmusings.blogspot.com David's Twitter: @DavidBeckworth

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“What did the council decide on item 42?” — answered with the speaker and the moment.