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Federal Reserve
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Labor Market
Inflation
Artificial Intelligence
Interest Rates
U.S. Economy
Municipal Bonds
Housing Market
Commercial Real Estate
Federal Tax Policy
Federal Budget
Monetary Policy
China
One Big Beautiful Bill Act
Immigration
Economic Growth
Community Reinvestment Act
Infrastructure Investment
Federal Policies

A podcast from FHN Financial looking at the most important things driving fixed income markets and the macroeconomy. Every episode features experts who give unique insights on topics like the regional banking landscape, commercial real estate, or how to translate Federal Reserve policy into market strategies. Tune in to better understand what’s been moving markets lately, and what to keep an eye o... more

PublishesTwice monthlyEpisodes90Founded3 years ago
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Artwork for Simply Put

Latest Episodes

The prosperity promised by railroads in the 1800s caused unprecedented investment in the United States that eventually led to the Panic of 1873, the steepest downturn in the US up to that point. The amount of capital being spent on AI today has some ... more

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As the pandemic-era shocks of federal stimulus and domestic migration fade, some states are looking for new taxes to increase revenue while others consider tax cuts to address affordability concerns. Proposed reforms for property taxes in Florida, in... more

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The recent increase in Treasury’s buyback operations will remove long-term USTs from the market using new short-term debt or cash from the Treasury General Account. Secretary Bessent believes the buybacks will help bring long-term yields closer to wh... more

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The speed and magnitude of AI implementation at the firm level will help determine its overall impact on growth, productivity, and employment. Survey evidence shows CFOs’ approach to AI integration varies based on how they assess the risks and potent... more

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Recent Guests

Katherine Loughead
Vice President of State Tax Policy at the Tax Foundation
Tax Foundation
Episode: Katherine Loughead on the State of State Tax Policy
Brad Setser
Senior Fellow at the Council on Foreign Relations and former Deputy Assistant Secretary for International Economic Analysis
Council on Foreign Relations
Episode: SPECIAL PODCAST: Brad Setser on the Efficacy of Recent Treasury Interventions
John Graham
Professor of Finance at Duke University's Fuqua School of Business
Duke University Fuqua School of Business
Episode: John Graham on How CFOs are (and are not) Implementing AI
Narayana Kocherlakota
Former president of the Minneapolis Federal Reserve (2009-2015); Professor at University of Rochester
University of Rochester / Minneapolis Fed
Episode: Narayana Kocherlakota on Optimal Fed Communication
Ulrike Malmendier
Professor of Finance at the University of California, Berkeley
University of California, Berkeley
Episode: The Lifetime Model of Inflation Expectations according to Ulrike Malmendier and Stefan Nagel
Stefan Nagel
Professor of Finance at the University of Chicago
University of Chicago
Episode: The Lifetime Model of Inflation Expectations according to Ulrike Malmendier and Stefan Nagel
Teresa Walsh
CEO and Founder of Integrated Intelligence Solutions
Integrated Intelligence Solutions
Episode: Teresa Walsh on the Cybersecurity Risks Facing the Financial Sector
Michelle Bockmann
Senior Maritime Intelligence Analyst
Windward
Episode: Michelle Bockmann on Shipping Insurance in the Strait of Hormuz
Mike Ashton
Managing Principal, Enduring Investments
Enduring Investments
Episode: Mike Ashton on How the Market Expresses Inflation Expectations

Host

Will Compernall
Host of Simply Put; macro strategist at FHN Financial

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SPECIAL PODCAST: Brad Setser on the Efficacy of Recent Treasury Interventions
Q: How does the yen strengthening coordination with the U.S. play into the Treasury market dynamics?
Cooperation could limit near-term Treasury sales and help defend yen values, potentially supporting U.S. asset prices domestically through reduced selling pressure, but the net impact on yields depends on how the Bank of Japan implements policies and broader global financial conditions.
SPECIAL PODCAST: Brad Setser on the Efficacy of Recent Treasury Interventions
Q: What are the risks and costs of increasing these buybacks with cash from the Treasury General Account or more bill issuance?
Using the TGA or more bill issuance could bring down long-end yields in the near term but would involve higher issuance of short-term debt and a potential erosion of the buffer against liquidity stress, with the risk that the market questions credibility if policy is perceived as manipulation rather than a stable debt-management plan.
SPECIAL PODCAST: Brad Setser on the Efficacy of Recent Treasury Interventions
Q: Brad, tell us about the mechanics of these buyback operations. What exactly is going on?
The buybacks are small relative to the overall market; the plan is to reduce the stock of long-dated bonds by issuing more bills or drawing down cash, effectively taking duration out of the market and providing liquidity for off-the-run issues, with the caveat that the fiscal deficit continues to rise.
Katherine Loughead on the State of State Tax Policy
Q: Katherine, to start things off, how would you describe the overall health of state budgets at this point, now that the dust has settled from pandemic-era spending and unusual events?
State revenues have grown significantly overall since the pandemic, with post-pandemic revenues higher than pre-COVID levels; however, growth is slowing in some states, especially as federal funding changes for programs like SNAP and Medicaid, leading to more cautious budgeting and less room for additional tax relief.
The Lifetime Model of Inflation Expectations according to Ulrike Malmendier and Stefan Nagel
Q: How do you measure inflation expectations, and what are the strengths and weaknesses of these measures?
Surveys (consumer, professional forecasters, decision-makers) and market-based measures (breakevens, inflation swaps) each capture different angles and have trade-offs between representativeness and sophistication.

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Frequently Asked Questions About Simply Put

What is Simply Put about and what kind of topics does it cover?

The show consistently explores macroeconomics, monetary policy, inflation dynamics, and market structure through expert interviews and data-driven context. Episodes frequently feature prominent economists, central bank voices, and industry specialists who translate complex policy moves and market signals into actionable insights for fixed income professionals and investors. Notable strengths include a strong emphasis on real-world impact of policy on markets, practical explanations of instruments like inflation swaps and private credit, and timely discussions of geopolitical risks that drive risk premium and asset pricing. A distinctive angle is combining academic depth with market pragmatism, often tying research findings to current market... more

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1. Bloomberg Talks
2. Wall Street Breakfast
3. The Markets
4. Bloomberg Surveillance
5. Making Sense

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Simply Put launched 3 years ago and published 90 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Simply Put?

Recent guests on Simply Put include:

1. Katherine Loughead
2. Brad Setser
3. John Graham
4. Narayana Kocherlakota
5. Ulrike Malmendier
6. Stefan Nagel
7. Teresa Walsh
8. Michelle Bockmann

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