The Fed At A Crossroads: Where To Go Next?
Event: The Fed At A Crossroads: Where To Go Next?
Event Host: The Brookings Institution Hutchins Center On Fiscal and Monetary Policy
When/Where: 10:30am - 12:00pm EDST, Thursday October 15, 2015, The Brookings Institution, Washington, D.C.
Event Web link: www.brookings.edu/events/2015/10/15-fed-at-a-crossroads-w...
Event Video (1:33:31) www.youtube.com/watch?feature=player_embedded&v=hZqDo...
Event Agenda:
Welcome by David Wessel, Director, The Hutchins Center on Fiscal and Monetary Policy
Senior Fellow, Economic Studies, The Brookings Institution
Panel Discussion
--David Wessel (Moderator), Director, The Hutchins Center on Fiscal and Monetary Policy
Senior Fellow, Economic Studies, The Brookings Institution
--William C. Dudley, President, The Federal Reserve Bank of New York
--John Taylor, Mary and Robert Raymond Professor of Economics, Stanford University
Event Overview:
In the wake of the financial crisis, which brought us unconventional monetary policy such as interest rates at zero for the past seven years and

quantitative easing, how should the Federal Reserve decide on the appropriate level of interest rates? Should it devise and stick to a rule that ties

interest-rate targets to the inflation rate and slack in the economy? Should it pay more attention to overall financial conditions -- or less?
On October 15, the Hutchins Center on Fiscal and Monetary Policy at Brookings hosted a discussion on what criteria the Fed should use to set interest

rates, featuring William Dudley, president of the Federal Reserve Bank of New York, and Stanford economist John Taylor, who crafted the widely cited

Taylor Rule for the Fed to use in setting interest rates.
David Wessel moderated and took questions from the audience.
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