The Powell Fed: Looking back and looking ahead
Past Event
Jay Powell’s first four-year term as Federal Reserve chair was largely focused on cushioning the economy from the effects of the COVID-19 pandemic, although it also saw changes in the Fed’s monetary policy strategy. His second term begins with inflation well above the Fed’s 2% target and the labor market at or near maximum employment.
The Hutchins Center reviewed Powell’s first term with The Wall Street Journal’s Nick Timiraos, author of a new book, “Trillion Dollar Triage: How Jay Powell and the Fed Battled a President – and Prevented Economic Disaster.” Then several experts discussed the challenges Powell and his Fed colleagues face in the next four years—both on the monetary policy front and on financial regulation, climate change, and central bank digital currencies.
During the live event, the audience submitted questions at https://www.sli.do/ using the code #PowellFed or joined the conversation on Twitter using the hashtag #PowellFed.
Timiraos’ book may be ordered here: https://www.friendlycitybooks.com/fed
To read a blog summarizing panelist comments on the monetary policy challenges faced by the Powell Fed, visit this page.
To read a blog summarizing panelist comments on the challenge of climate change and the Fed, visit this page.
Agenda
Welcome
David Wessel
Director - The Hutchins Center on Fiscal and Monetary Policy
Senior Fellow - Economic Studies
Looking back: Powell and the pandemic
Looking ahead: Monetary policy challenges
Jón Steinsson
Nonresident Senior Fellow - Economic Studies
Louise Sheiner
The Robert S. Kerr Senior Fellow - Economic Studies
Policy Director - The Hutchins Center on Fiscal and Monetary Policy
Looking ahead: Regulatory challenges
Isabelle Mateos y Lago
Managing Director - BlackRock
Hyun Song Shin
Economic Adviser & Head of Research - Bank for International Settlements
David Wessel
Director - The Hutchins Center on Fiscal and Monetary Policy
Senior Fellow - Economic Studies
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