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Events • September 8, 2022 

# Panel 2: The Fed’s Operating System and New Monetary Framework: An Appraisal — Cato Institute 40th Annual Monetary Conference 

With massive U.S. debt and deficits, inflation at a 40‐​year high, and popular/​political pressure for expanding the Fed’s mandate, it’s time to assess the Fed’s performance and future. Please join leading scholars and policymakers to discuss **“The State of Monetary Policy after 40 Years.”**

[![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) 
This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

![Patricia Zobel](/sites/cato.org/files/styles/author_picture/public/2022-08/patricia-zobel-crop.jpg?itok=oB9Wubwd) 

##### Patricia Zobel 

System Open Market Account Manager pro tem, Federal Reserve Bank of New York

![Kevin Warsh cropped](/sites/cato.org/files/styles/author_picture/public/2022-07/kevin-warsh.jpeg?itok=aQPkFXl-) 

##### Kevin Warsh 

Shepard Family Distinguished Visiting Fellow in Economics, Hoover Institution

![Vincent Reinhart pic](/sites/cato.org/files/styles/author_picture/public/2022-07/reinhart-vincent.jpg?itok=xi5Hn6sT) 

##### Vincent R. Reinhart 

Chief Economist and Macro Strategist at Dreyfus-Mellon

[![George Selgin](/sites/cato.org/files/styles/author_picture/public/2021-01/George%20Selgin.jpg?itok=daUqyD5g)](/people/george-selgin) 

##### [George Selgin](/people/george-selgin)

Former Senior Fellow and Director Emeritus, Center for Monetary and Financial Alternatives, Cato Institute

[ 

](https://x.com/GeorgeSelgin) [ 

](mailto:gselgin@cato.org) 

![Neil Irwin cropped](/sites/cato.org/files/styles/author_picture/public/2022-07/neil-irwin.jpg?itok=9_1xzP1H) 

##### Neil Irwin 

Chief Economic Correspondent, *Axios*