Jeffrey Lacker on What a New Fed Treasury Accord Might Look Like

Jeffrey Lacker is the former president of the Richmond Federal Reserve Bank and is a senior affiliated scholar at the Mercatus Center. Jeff returns to the show to discuss the history of the Fed Treasury Accord, the state of fiscal dominance, his five proposals for a new Fed Treasury Accord, his calls for reform around the discount window, a memorial to his friend and colleague Charlie Plosser, and much more.

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Recorded on May 20th, 2026

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Timestamps

00:00:00 - Intro

00:00:56 - Fed Treasury Accord

00:18:26 - Fiscal Dominance

00:22:05 - Jeff's Five Proposals

00:49:05 - Charlie Plosser

00:55:49 - Outro