Fed Independence and the Divided U.S. Congress
Date: Thursday, March 24, 2022
Virtual Event
Complimentary video replay is available!
Event Detail
Fed Independence and the Divided U.S. Congress
The 50-50 split in the U.S. Congress has generated a 12-12 split on the Senate Banking Committee – and a stalemate in advancing 5 Board nominations, including Chair Powell. Join the Global Interdependence Center’s College of Central Bankers on March 24, 2022 as they discuss the realities and risks of political influence in selecting Federal Reserve Governors and others. Does this selection process influence Fed independence? What possible impacts on the scale and timing of future policy? Are there longer term consequences for US and global influence on monetary policy? Fiscal policy? Dollar supremacy? Market movements?
We’ll explore these questions and more with speakers, Jeff Lacker, Ph.D., Former President of the Federal Reserve Bank of Richmond and Distinguished Professor of Economics at VCU School of Business, and College of Central Bankers Fellows, Charles Plosser, Ph.D., Former President & CEO of the Federal Reserve Bank of Philadelphia, and Dennis Lockhart, Former President & CEO of the Federal Reserve Bank of Atlanta. The program will be moderated by CCB Advisory Board Member, Michael McKee, International Economics and Politics Correspondent, Bloomberg Radio/TV, and will include remarks from CCB Chair, Peter Gold, Esq., Principal, TheGoldGroup LLC.
In advance of the webinar, we invite you to read Dr. Plosser’s recent paper, “Federal Reserve Independence: Is it Time for a New Treasury-Fed Accord?” which was published as a part of the Hoover Institution Economics Working Paper Series.
Click here for the video replay.
About the College of Central Bankers: The Global Interdependence Center’s College of Central Bankers provides a platform for former leaders of the world’s central banks and similar institutions to share their unique combination of hands on experience and continued thought leadership on important global issues facing economies and effecting the quality of life. We invite you to please click here for more information on the College and its Fellows. The College and its membership operates within the GIC umbrella and with GIC’s administrative support.
Event Location
Speakers
Peter A. Gold, Esq.
Principal, TheGoldGroup LLCPeter A. Gold, Esquire is the founder and president of TheGoldGroup, LLC ( www.thegoldgrp.com). The consultancy brings businesses, colleges and universities, governments and not-for-profits together to create value, seize new opportunities, leverage assets, and reduce exposure to the risks created by today’s global economy principally through identifying “high value” initiatives and stakeholders in new institutes, centers of excellence and other initiatives. TheGoldGroup, LLC assists its clients to obtain their individual objectives better, quicker and in a more cost effective and efficient manner.
Jeffrey Lacker, Ph.D.
Former President and CEO of the Federal Reserve Bank of RichmondJeffrey M. Lacker served over 12 years as President and CEO of the Federal Reserve Bank of Richmond, from August 2004 to April 2017. Currently, he is a member of the Shadow Open Market Committee and a Fellow of the Global Interdependence Center College of Central Bankers.
Dennis P. Lockhart
Former President and CEO of the Federal Reserve Bank of AtlantaDennis Lockhart’s career includes time in the private sector, government, and academia. In 2017, he stepped down from the position of president and CEO of the Federal Reserve Bank of Atlanta, a position he held for ten years. In this role, Lockhart served on the Federal Reserve’s chief monetary policy body, the Federal Open Market Committee (FOMC). His tenure spanned the financial crisis, the Great Recession, and several years of recovery.
Michael McKee
International Economics and Politics Correspondent, Bloomberg Radio/TVMichael McKee is the International Economics and Policy Correspondent for Bloomberg TV and Radio, covering market and political developments, economic trends and central banks in the United States and around the globe.
Charles I. Plosser, Ph.D.
Board Member, FINRA and Former President and CEO, Federal Reserve Bank of PhiladelphiaDr. Charles Plosser was president and chief executive officer of the Federal Reserve Bank of Philadelphia. In this role, he participated on the Federal Reserve System's Federal Open Market Committee, which is responsible for conducting our nation's monetary policy. He currently serves on the FINRA Board of Governors.
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