Derek Tang is the CEO and co-founder of LH Meyer, and is part of the research team based in Washington, D.C. where he forecasts Fed policy developments, provides bespoke policy analysis to institutional investors, and also closely monitors and forecasts the Fed's balance sheet. Derek joins David on Macro Musings to talk about Fed policy, Fed politics, and what to expect in 2023 and 2024. Specifically, David and Derek discuss numerous personnel changes at the Fed, the future of the central bank's balance sheet, the upcoming Congressional agenda for the Fed, what the next framework review has in store, and more. Transcript for the episode can be found here. Derek's Twitter: @macroderek Derek's LH Meyer bio David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox! Check out our new Macro Musings merch here! Related Links: *The Federal Reserve's Current Framework for Monetary Policy: A Review and Assessment* by Janice Eberly, James Stock, and Jonathan Wright *The Federal Reserve's Balance Sheet: Costs to Taxpayers of Quantitative Easing* by Andy Levin and Bill Nelson

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