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SOMC: Fed Governance, Accountability, and Transparency
September 30, 2020
AGENDA:
Welcoming Remarks: Allison Schrager, Manhattan Institute
PANEL I: ISSUES IN FED GOVERNANCE: BROADER PERSPECTIVES
Moderator: Greg Hess, President, IES Abroad
Kathryn Judge, Columbia University School of Law: “Why the Fed Needs a Credit Policy Framework”
Athanasios Orphanides, MIT: "Interpreting the Federal Reserve's Mandate: A Legitimacy Challenge”
Andy Levin, Dartmouth College: “Strengthening the Role of the Regional Federal Reserve Banks in the Fed’s Policymaking Decisions”
INTERVIEW WITH PAUL TUCKER,
Senior Scholar at Harvard University, Former Deputy Governor, Bank of England, and author of Unelected Power
Moderators: Debbie Lucas, MIT
Charles Plosser, Former President, Federal Reserve Bank of Philadelphia
PANEL II: THE ROLE AND SCOPE OF MONETARY POLICY, ACCOUNTABILITY AND TRANSPARENCY
Moderator: Charles Plosser
Panelists: Mike Bordo, Rutgers University and Hoover Institution: “The Economic Effects of the Fed’s New Corporate Bond Purchase Program”
Peter Ireland, Boston College: “End Interest on Bank Reserves”
Mickey Levy, Berenberg Capital Markets LLC: “Issues Posed by the Fed’s New Strategic Framework”
Concluding Remarks
Position Papers - September 30, 2020 – New York, NY
The Economic Impact of the Fed’s Corporate Bond Programs in Mitigating the Covid-19 Pandemic by Michael Bordo, Rutgers University and Hoover Institution
Strengthening the Federal Reserve’s Governance by Andrew Levin, Dartmouth College
End Interest on Bank Reserves by Peter Ireland, Boston College
The Murky Future of Monetary Policy by Mickey D. Levy, Berenberg Capital Markets and Charles Plosser, Hoover Institution, Stanford University; former President and CEO of the Federal Reserve Bank of Philadelphia
Why the Fed Should Issue a Policy Framework for Credit Policy by Kathryn Judge, Harvey J. Goldschmid Professor of Law, Columbia Law School
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