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Shadow Open Market Committee (SOMC) Event
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November 7, 2025
The Fed in The Crosshairs: Independence, Systematic Monetary Policy, GSE Reform And Financial Stability
Friday, November 7, 2025, 8:15 am ET – 3:00 pm ET
New York, NY
| 8:45 am - 9:00 am WELCOME AND INTRODUCTORY REMARKS
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9:00 am - 10:15 am
Panel I. HOW SHOULD WE THINK ABOUT FED INDEPENDENCE AND GOVERNANCE?
- Michael Bordo, Rutgers University and the Hoover Institution (Moderator)
- Jim Bullard, Purdue University and former President, Federal Reserve Bank of St. Louis
- Jeffrey Lacker, Mercatus Center and former President, Federal Reserve Bank of Richmond
- Andrew Levin, Dartmouth College
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10:30 am - 11:30 am
Panel II. HOW SHOULD THE FED SYSTEMATICALLY RESPOND TO UNFOLDING DEVELOPMENTS IN TRADE AND FISCAL POLICY?
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11:30 am - 12:45 pm
Panel III. HOW SHOULD WE RESPOND TO LOOMING ISSUES IN THE FINANCIAL SYSTEM?
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12:45 pm – 2:15 pm
LUNCHEON AND SPEAKER
- Mickey Levy (Moderator)
- Michael Faulkender,
former Deputy Secretary of the Treasury
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2:15 pm - 3:15 pm
Panel IV: HOW SHOULD WE THINK ABOUT PROPOSALS TO CHANGE THE STATUS OF THE HOUSING GSEs?
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