New Books In Economics

More than any single institution, the US Federal Reserve drives global financial markets with its decisions and communications. While its interest rates are set by the 12-member Federal Open Market Committee (FOMC), for almost a century, the Fed’s underlying philosophy and operations approach have been moulded by one person: the Chair of the Board of Governors. Over The Chair’s eight episodes, Tim Jones talked to authors of books about the Fed's most consequential chiefs – Marriner Eccles, Bill Martin, Arthur Burns, Paul Volcker, Alan Greenspan, Ben Bernanke, Janet Yellen and Jerome Powell. The Powell podcast was meant to be the last. But, after Kevin Warsh took over from Powell on 22 May 2026 and started preparing for his first FOMC meeting as chairman in mid-June, a ninth episode became irresistible. Who is this Republican hawk-turned-dove? As one policymaker among 12, has he over-promised to a volatile president? To discuss Warsh, Tim is joined by three "Fed watchers" – Claire Jones, Michael Redmond and