37th Annual Monetary Conference: Fed Policy: A Shadow Review
mentioning Charles Calomiris, Charles I. Plosser, Andrew J. Filardo via Cato Institute
Criticism of the Federal Reserve is mounting, whether it’s President Trump tweeting that Chairman Powell is not following his advice or progressives calling for the Fed to use its monetary powers to fuel government spending. Amid public scrutiny and at a time of growing uncertainty for the business of central banking, Powell asked the Fed “to take stock of how we formulate, conduct, and communicate monetary policy.” Shadowing the Fed’s strategic review, Cato’s 37th Annual Monetary Conference will explore a broad array of recommendations for improving the monetary framework — and go beyond the narrow scope of the Fed’s agenda to share a vision for a monetary system best suited for a free society.
mentioning Charles Calomiris, Charles I. Plosser, Andrew J. Filardo via Cato Institute
Criticism of the Federal Reserve is mounting, whether it’s President Trump tweeting that Chairman Powell is not following his advice or progressives calling for the Fed to use its monetary powers to fuel government spending. Amid public scrutiny and at a time of growing uncertainty for the business of central banking, Powell asked the Fed “to take stock of how we formulate, conduct, and communicate monetary policy.” Shadowing the Fed’s strategic review, Cato’s 37th Annual Monetary Conference will explore a broad array of recommendations for improving the monetary framework — and go beyond the narrow scope of the Fed’s agenda to share a vision for a monetary system best suited for a free society.
Powell’s Testimony Challenges Both the Fed and Congress
Peter Ireland, E21
In last week’s testimony before the Joint Economic Committee of Congress, Federal Reserve Chairman Jerome Powell applauded the U.S. economy’s continued strength. He also suggested that, after easing monetary policy three times this year, the Fed will hold interest rates at their present levels so long as the favorable outlook remains intact. While the recent data that Chairman Powell reviewed confirm that recent rate cuts represent an appropriate policy response to surprises that have unfolded since the beginning of the year, the details of his testimony point to additional challenges that will confront the Fed as national elections approach in 2020. Read more here....
Peter Ireland, E21
In last week’s testimony before the Joint Economic Committee of Congress, Federal Reserve Chairman Jerome Powell applauded the U.S. economy’s continued strength. He also suggested that, after easing monetary policy three times this year, the Fed will hold interest rates at their present levels so long as the favorable outlook remains intact. While the recent data that Chairman Powell reviewed confirm that recent rate cuts represent an appropriate policy response to surprises that have unfolded since the beginning of the year, the details of his testimony point to additional challenges that will confront the Fed as national elections approach in 2020. Read more here....
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