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NY Event: A Federal Reserve for the 21st Century

Maximizing Employment, Stability, and Sustainable Growth

Day One of a Two-Day Program

Despite recent job growth numbers, uncertainty continues to pervade the economy. This will challenge the Federal Reserve Board of Governors to manage a complex balance sheet. Further complicating the landscape is the subsequent role of a new Financial Stability Oversight Board and the work-in-progress of implementing Dodd-Frank financial reform. Much responsibility for overseeing the functioning of a dynamic, stable, and sustainable economy will remain with the Federal Reserve. Many questions persist as to whether the Fed is up for the task and what that task should be in the years to come. How should the institution be reformed in the wake of the Great Recession to prevent the next crisis from occurring? Can it manage its dual objectives of full employment and inflation fighting?  Can it normalize its balance sheet post-crisis?

We invite you to a unique two-day, two-city event on the future of the Federal Reserve, held in the country's financial and political capitals. Join us for a discussion of the Federal Reserve featuring a set of engaged economists, historians, reporters, and policy makers. Participants include Robert Johnson, Thomas Palley, Joseph Gagnon, Mike Konczal, Michael Lind, Jane D'Arista, and Perry Mehrling.

The first day of the program will take place in New York on April 27 and will focus on monetary policy and global capital flows. The second day of the program will take place in Washington on May 9 and will feature a discussion of accountability, consumer protection, and the future of financial regulation.

A separate invitation to the May 9 Washington event will follow.

Sponsored by the Roosevelt Institute and the New America Foundation


8:15am to 8:30am - Introduction

Andy Rich

CEO, Roosevelt Institute


Joe Stiglitz

Columbia University, Roosevelt Institute

8:30am to 9:30am - Panel One: The Federal Reserve Now

Matthew Yglesias

Center for American Progress


Joe Gagnon

Peterson Institute for International Economics


Dennis Kelleher

Better Markets


Joerg Bibow

Skidmore College, Levy Institute



Mike Konczal

Roosevelt Institute

9:30am to 10:30am - Panel Two: The Federal Reserve Throughout History

Perry Mehlring

Columbia University


Tim Canova

Chapman University


Jeff Madrick

Roosevelt Institute


Elizabeth Renuart

Albany School of Law



Matt Stoller

Roosevelt Institute

10:30am to 11:00am - Break

11:00am to 12:00pm - Panel Three: The Future of Federal Reserve

Jane D'Arista

PERI, University of Massachusetts, Amherst


Gerald Epstein

PERI, University of Massachusetts, Amherst


Thomas Palley

New America Foundation



Rob Johnson

Roosevelt Institute, INET


Event Time and Location

Wednesday, April 27, 2011 - 8:00am - 12:00pm
Harvard Club
35 West 44th Street
New York City, NY 10036

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