Uploaded June 2026 | Updated September 2026, 3 weeks ago
In this episode of The Spillover, host Rebecca Patterson and former Federal Reserve Vice Chair Roger W. Ferguson Jr. reflect on the legacy of recently deceased former Fed Chair Alan Greenspan, and examine what may lie ahead for the Fed under its new chair Kevin Warsh.
Hosts:
Rebecca Patterson, Senior Fellow, Council on Foreign Relations (CFR) - cfr.org/experts/rebecca-patterson
Guest:
Roger W. Ferguson Jr., Steven A. Tananbaum Distinguished Fellow for International Economics, Council on Foreign Relations (CFR); Former Federal Reserve Vice Chairman (1999–2006) - cfr.org/experts/roger-w-ferguson-jr
00:00 - Introduction to The Spillover
01:31 - Today’s Topics: Greenspan, Fed Policy, & Markets
03:44 - Alan Greenspan's Leadership Legacy
06:48 - Fed Management During Crisis
08:44 - The Fed Under Chair Kevin Warsh
09:27 - Fed Task Forces and Institutional Change
13:14 - Evolution of Fed Communication Policy
15:47 - Transparency and Market Noise
17:31 - Dot Plots and Forward Guidance
24:12 - Quantitative Easing Frameworks
26:14 - Analyzing the Current US Economy
28:09 - Interest Rate Hikes and Inflation
29:56 - AI Productivity and Capital Trends
35:20 - Fed Collaboration and Global Stability
Mentioned on the Episode:
Sebastian Mallaby, “Alan Greenspan Understood Power and Was Not Afraid to Wield It,” The Washington Post - washingtonpost.com/opinions/2026/06/22/alan-greenspan-paved-way-fed-independence
“Federal Reserve Issues FOMC Statement,” Board of Governors of the Federal Reserve - federalreserve.gov/newsevents/pressreleases/monetary20260617a.htm
Want to keep up with The Spillover? Sign up to receive an email alert when new episodes are released at cfr.org/newsletters/#podcasts
The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy.
In this episode of The Spillover, host Rebecca Patterson and former Federal Reserve Vice Chair Roger W. Ferguson Jr. reflect on the legacy of recently deceased former Fed Chair Alan Greenspan, and examine what may lie ahead for the Fed under its new chair Kevin Warsh.
Hosts:
Rebecca Patterson, Senior Fellow, Council on Foreign Relations (CFR) - cfr.org/experts/rebecca-patterson
Guest:
Roger W. Ferguson Jr., Steven A. Tananbaum Distinguished Fellow for International Economics, Council on Foreign Relations (CFR); Former Federal Reserve Vice Chairman (1999–2006) - cfr.org/experts/roger-w-ferguson-jr
00:00 - Introduction to The Spillover
01:31 - Today’s Topics: Greenspan, Fed Policy, & Markets
03:44 - Alan Greenspan's Leadership Legacy
06:48 - Fed Management During Crisis
08:44 - The Fed Under Chair Kevin Warsh
09:27 - Fed Task Forces and Institutional Change
13:14 - Evolution of Fed Communication Policy
15:47 - Transparency and Market Noise
17:31 - Dot Plots and Forward Guidance
24:12 - Quantitative Easing Frameworks
26:14 - Analyzing the Current US Economy
28:09 - Interest Rate Hikes and Inflation
29:56 - AI Productivity and Capital Trends
35:20 - Fed Collaboration and Global Stability
Mentioned on the Episode:
Sebastian Mallaby, “Alan Greenspan Understood Power and Was Not Afraid to Wield It,” The Washington Post - washingtonpost.com/opinions/2026/06/22/alan-greenspan-paved-way-fed-independence
“Federal Reserve Issues FOMC Statement,” Board of Governors of the Federal Reserve - federalreserve.gov/newsevents/pressreleases/monetary20260617a.htm
Want to keep up with The Spillover? Sign up to receive an email alert when new episodes are released at cfr.org/newsletters/#podcasts
The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy.
