Presents…
the SHADOW OPEN MARKET COMMITTEE (SOMC) Meeting:
Strategic Approaches To The Fed’s Balance Sheet And Communications
March 29, 2019 | New York City
INTRODUCTION:
Athanasios Orphanides, MIT
PANEL I: STRATEGIC APPROACHES TO THE BALANCE SHEET
Moderator: Athanasios Orphanides, MIT
Charles Plosser, Hoover Institution: Balance Sheet: Exposures, Risks, and Financial Difficulties
Peter Ireland, Boston College: Making Better and More Consistent Use of the Fed’s Balance Sheet
PANEL II: FED COMMUNICATIONS AND SUGGESTIONS FOR IMPROVEMENT
Moderator: Michael Bordo, Rutgers University Flexible Rules Versus Discretion: The Fed’s “New” Data-Dependent Approach
Charles Calomiris, Columbia University: Why Natural Language Processing Will Revolutionize Accountability in Fed Communication
Mickey Levy, Berenberg Capital Markets: Suggestions for Clearer Communications and Transparency
KEYNOTE ADDRESS
Randal K. Quarles, Vice Chairman For Supervision, Board Of Governors Of The Federal Reserve System
Introduction: Charles Calomiris