37th Annual Monetary Conference — Fed Policy: A Shadow Review

Conference
November 14, 2019 8:30 AM to 5:30 PM EST

Hayek Auditorium, 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.

About | Resources | Registration

Schedule

8:30 - 9:00AM REGISTRATION
9:00 - 9:10AM WELCOMING REMARKS

James A. Dorn
Vice President for Monetary Studies, Cato Institute

9:10 - 9:45AM KEYNOTE ADDRESS

Richard H. Clarida
Vice Chairman, Federal Reserve Board



9:45 - 11:00AM PANEL I: TARGETS AND MANDATES

Moderator: Chris Condon
Federal Reserve Reporter, Bloomberg News

Peter Ireland
Murray and Monti Professor of Economics, Boston College

Jeffrey M. Lacker
Distinguished Professor of Economics, Virginia Commonwealth University, and former President, Federal Reserve Bank of Richmond

Carola Conces Binder
Assistant Professor of Economics, Haverford College

Eric R. Sims
Michael P. Grace II Collegiate Chair and Professor of Economics, University of Notre Dame



11:00 - 11:30AM BREAK
11:30AM - 12:45PM PANEL II: THE OPERATING FRAMEWORK

Moderator: Heather Long
Economics Correspondent, The Washington Post

Charles I. Plosser
Former President and CEO, Federal Reserve Bank of Philadelphia

Manmohan Singh
Senior Financial Economist, International Monetary Fund

Andrew Filardo
Bank for International Settlements and Visiting Fellow of the Hoover Institution

David Beckworth
Director, Monetary Policy Program, Mercatus Center, George Mason University



12:45 - 1:45PM LUNCH

1:45 - 2:30PM LUNCHEON ADDRESS: CENTRAL BANKS AND THE RULE OF LAW

Sir Paul Tucker
Former Deputy Governor, Bank of England



2:30 - 3:45PM PANEL III: COMMUNICATION PRACTICES: TRANSPARENCY AND FORWARD GUIDANCE

Moderator: Victoria Guida
Financial Services Reporter, Politico

Charles W. Calomiris
Henry Kaufman Professor of Financial Institutions, Columbia Business School

Sarah A. Binder
Professor of Political Science, George Washington University, and Senior Fellow at the Brookings Institution

Mark Spindel
Founder and Chief Investment Officer, Potomac River Capital, LLC

Andrew T. Levin
Professor of Economics, Dartmouth College



3:45 - 4:15PM BREAK
4:15 - 5:30PM PANEL IV: CREATING AN OPTIMAL MONETARY SYSTEM FOR A FREE SOCIETY

Moderator: Peter Coy
Economics Editor, Bloomberg Businessweek

George Selgin
Director, Center for Monetary and Financial Alternatives, Cato Institute

William Nelson
Executive Vice President and Chief Economist, Bank Policy Institute

William J. Luther
Assistant Professor of Economics, Florida Atlantic University, and Director, Sound Money Project, American Institute for Economic Research

Steve H. Hanke
Professor of Applied Economics, The Johns Hopkins University



5:30 - 6:15PM RECEPTION

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