Presents…
the SHADOW OPEN MARKET COMMITTEE (SOMC) Eventcast:
Fed Governance, Accountability, and Transparency
September 30, 2020
3:00 PM
Welcoming Remarks: Allison Schrager, Manhattan Institute
PANEL I: ISSUES IN FED GOVERNANCE: BROADER PERSPECTIVES
Moderator: Greg Hess, President, IES Abroad
Kathryn Judge, Columbia University School of Law: “Why the Fed Needs a Credit Policy Framework”
Athanasios Orphanides, MIT: “Interpreting the Federal Reserve’s Mandate: A Legitimacy Challenge”
Andy Levin, Dartmouth College: “Strengthening the Role of the Regional Federal Reserve Banks in the Fed’s Policymaking Decisions”
3:45 PM
INTERVIEW WITH PAUL TUCKER, Senior Scholar at Harvard University, Former Deputy Governor, Bank of England, and author of Unelected Power
Moderators: Debbie Lucas, MIT
Charles Plosser, Former President, Federal Reserve Bank of Philadelphia
4:15 PM
PANEL II: THE ROLE AND SCOPE OF MONETARY POLICY, ACCOUNTABILITY AND TRANSPARENCY
Moderator: Charles Plosser
Panelists: Mike Bordo, Rutgers University and Hoover Institution: “The Economic Effects of the Fed’s New Corporate Bond Purchase Program”
Peter Ireland, Boston College: “End Interest on Bank Reserves”
Mickey Levy, Berenberg Capital Markets LLC: “Issues Posed by the Fed’s New Strategic Framework”