Has The Federal Reserve Gone Too Far?
What: Has The Federal Reserve Gone Too Far? A Discussion Of The Fed’s Evolution Since 1913
Where-When: AEI, Washington, DC Thursday, May 09, 2016 5:30 pm - 7:00 pm
Event Website: www.aei.org/events/has-the-federal-reserve-gone-too-far/?...
Event Video: www.youtube.com/watch?v=YwTBJIDEmIg
Event Overview: Is the Federal Reserve independent? It “attracts conspiracists better than most governmental agencies,” acknowledges Wharton School legal historian Peter Conti-Brown. In “The Power and Independence of the Federal Reserve,” he analyzes the Fed’s original charter compared to its present-day activities.

Join Mr. Conti-Brown, Carnegie Mellon Professor Allan Meltzer, R Street Institute Distinguished Senior Fellow Alex Pollock, and AEI Director of Economic Policy Studies Kevin Hassett for a conversation about the evolution of Fed activities. How much has the Fed changed since 1913? How much common wisdom is inaccurate? Is reform required to restore the Fed to firm legal footing?

Event Agenda:
5:15 PM Registration and hors d’oeuvres
5:30 PM Introduction: Kevin A. Hassett, AEI
5:35 PM Opening remarks: Peter Conti-Brown, The Wharton School of the University of Pennsylvania
5:50 PM Panel discussion
Participants:Allan Meltzer, Tepper School of Business at Carnegie Mellon University
Alex J. Pollock, R Street Institute
Moderator: Kevin A. Hassett, AEI
6:35 PM Q&A
7:00 PM Adjournment to wine and cheese reception

Speaker Biographies:
Peter Conti-Brown is an assistant professor of legal studies and business ethics at the Wharton School of the University of Pennsylvania. A financial
historian and a legal scholar, Mr. Conti-Brown studies central banking, financial regulation, and public finance, with a particular focus on the history and policies of the US Federal Reserve System. He is author of “The Power and Independence of the Federal Reserve” (Princeton University Press, 2016); the editor of two other books; and author or coauthor of a dozen articles on central banking, financial regulation, and bank corporate governance. He has been widely quoted in print and online media on central banking and has testified before the US Senate Banking Committee on reforming the
Federal Reserve. Before his appointment at Wharton, he practiced law, clerked for judges on the US Court of Appeals for the Second and DC Circuits, and held fellowships at Stanford and Harvard Law Schools. He holds degrees from Harvard College, Stanford Law School, and Princeton University’s Department of History. He is currently at work on a single-volume comprehensive history of the US Federal Reserve (under contract with Harvard University Press).

Kevin A. Hassett is the State Farm James Q. Wilson Chair in American Politics and Culture at the AEI. He is also a resident scholar and AEI’s director of economic policy studies. Before joining AEI, he was a senior economist at the board of governors of the Federal Reserve System and an associate professor of economics and finance at Columbia University Business School. He served as a policy consultant to the US Department of the Treasury
during the George H. W. Bush and Bill Clinton administrations. Dr. Hassett has also been an economic adviser to presidential candidates since 2000, when he became the chief economic adviser to Sen. John McCain during that year’s presidential primaries. He served as an economic adviser to the
George W. Bush 2004 presidential campaign, a senior economic adviser to the McCain 2008 presidential campaign, and an economic adviser to the Mitt Romney 2012 presidential campaign. He is the author or editor of many books, among them “Rethinking Competitiveness” (AEI Press, 2012), “Toward Fundamental Tax Reform” (AEI Press, 2005), “Bubbleology: The New Science of Stock Market Winners and Losers” (Crown Business, 2002), and “Inequality and Tax Policy” (AEI Press, 2001). He is also a columnist for National Review and has written for Bloomberg. Dr. Hassett frequently appears on Bloomberg radio and TV, CNBC, CNN, Fox News Channel, NPR, and “PBS NewsHour,” among other radio and television outlets. He is also often quoted by, and his opinion pieces have been published in, the Los Angeles Times, The New York Times, The Wall Street Journal, and The Washington Post. He has a Ph.D. in economics from the University of Pennsylvania and a bachelor of arts in economics from Swarthmore College.

Allan Meltzer is the Allan H. Meltzer University Professor of Political Economy at the Tepper School of Business at Carnegie Mellon University and a
visiting scholar at the Hoover Institution at Stanford University. His teaching and research interests include the history of US monetary policy, the size of government, macroeconomics, and the relation of money to inflation and unemployment in open and closed economies. Dr. Meltzer has served as a consultant on economic policy for the US Congress, US Treasury, Federal Reserve, World Bank, and the US and foreign governments and was chair of the International Financial Institution Advisory Commission. He was founder and chairman of the Shadow Open Market Committee from 1973 to 2000 and was honorary adviser to the Bank of Japan. He is the author of many books and papers in the field of economics.

Alex J. Pollock is a distinguished senior fellow at R Street and was previously a resident fellow at AEI. Before joining AEI, he was president and CEO of the Federal Home Loan Bank of Chicago from 1991 to 2004. Mr. Pollock focuses on financial policy issues, including financial cycles, government-sponsored enterprises, housing finance, banking, central banking, uncertainty and risk, retirement finance, corporate governance, and political responses to financial crises. He is the author of “Boom and Bust: Financial Cycles and Human Prosperity” (AEI Press, 2010), as well as numerous articles and congressional testimony. Mr. Pollock is a director of CME Group, Great Lakes Higher Education Corporation, and the Great Books Foundation, where he was chairman of the board from 2006 to 2014, and he is a past president of the International Union for Housing Finance.
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