2022 US Monetary Policy Forum

February 18, 2022 – New York

This annual conference brings together academics, market economists, and policy makers. The conference is sponsored by the Initiative on Global Markets at the University of Chicago Booth School of Business.

Program

The conference began with the 2022 report, Some Benefits and Risks of a Hot Economy, presented by Seth Carpenter (Morgan Stanley), Ethan Harris (Bank of America Merrill Lynch), Peter Hooper (Deutsche Bank), Anil Kashyap (University of Chicago Booth School of Business), and Kenneth West (University of Wisconsin-Madison).

The report was discussed by the following:

• Charles Evans, Federal Reserve Bank of Chicago (read his remarks here)
• Christopher Waller, Board of Governors of the Federal Reserve (read his remarks here)

Over lunch there was a conversation with Richard Clarida, Columbia University (formerly of the Board of Governors of the Federal Reserve).

The conference concluded with a panel discussion on Central Banks Digital Currencies that included:

• Lael Brainard, Board of Governors of the Federal Reserve (read her remarks here)
• Fabio Panetta, European Central Bank (read his remarks here)
• Jackie Reses, Post House Capital (view her slides here)

The panel was moderated by Eric Rosengren (MIT, visiting professor).

The second session of the day is predicated on an understanding of central bank digital currencies. As such, a background note for this subject is available here.