2019
| Conference Agenda | ||
|---|---|---|
Tuesday, June 4 
|
||
| 8:45am | Welcome and Introduction |
Charles Evans |
| 8:55am | Opening Remarks |
Jerome Powell |
| 9:15am | Session #1: Review of the Federal Reserve’s Current Framework for Monetary Policy |
Yuriy Gorodnichenko, Janice Eberly, James Stock, Jonathan Wright, and John Taylor |
| 11:00am | Session #2: Maximum Employment |
Lisa Cook, Katharine Abraham, and Jared Bernstein |
| 1:30pm | Session #3: Global Dimension of U.S. Monetary Policy |
Susan Collins, Maurice Obstfeld, and Kristin Forbes |
| 2:45pm | Panel #1: What Does Full Employment Look Like for Your Community or Constituency? |
Lael Brainard, Patrick Dujakovich, Juan Salgado, and Andy Van Kleunen |
| 4:30pm | Session #4: Federal Reserve Communications |
Hyun Song Shin, Stephen Cecchetti, Kermit Schoenholtz, and Jón Steinsson |
| Wednesday, June 5 |
||
| 8:45am | Welcome and Introduction |
Anna Paulson |
| 8:50am | Opening Remarks |
Richard Clarida |
| 9:00am | Session #5: Monetary Policy Strategies |
Adam Posen, Lars Svensson, and Sharon Kozicki |
| 10:15am | Panel #2: Transmission of Monetary Policy to the Economy: Beyond the Headlines |
Eric Rosengren, Janie Barrera, David John, Maurice Jones, and Holly Wade |
| 12:30pm | Session #6: Monetary Policy Tools |
Kenneth Rogoff, Eric Sims, Jing Cynthia Wu, and Annette Vissing-Jørgensen |
| 1:45pm | Session #7: Financial Stability Considerations and Monetary Policy |
Nellie Liang, Anil K Kashyap, Caspar Siegert, and Mark Gertler |
WATCH LIVE TODAY: #FedListens @ChicagoFed, a conference on Monetary Policy Strategy, Tools, & Communication Practices. Sessions will include overviews by academic experts of themes that are central to the review. Learn more: https://t.co/M17Ym7eT6a Watch: https://t.co/N9rJJvo5VE pic.twitter.com/kd4be6MqMy
— Federal Reserve (@federalreserve) June 4, 2019
WATCH LIVE TODAY: #FedListens June 4, 2019 @ChicagoFed
— Philadelphia Fed (@philadelphiafed) June 4, 2019
A conference on Monetary Policy Strategy, Tools, and Communication Practices
Today's sessions will include overviews by academic experts of themes that are central to the review.
Watch Live: https://t.co/7QerF6giSx pic.twitter.com/2BazC5vjdw
Watch Governor Powell via livestream at 8:55 am CT as he offers remarks about Monetary Policy Strategy, Tools and Communications as the #FedListens at the June 4-5, 2019 event at the Chicago Fed. https://t.co/i0LteLCy6Y
— ChicagoFed (@ChicagoFed) June 4, 2019
Watch Governor Powell via livestream at 8:55 am CT as he offers remarks about Monetary Policy Strategy, Tools and Communications as the #FedListens at the June 4-5, 2019 event at the Chicago Fed. https://t.co/i0LteLCy6Y
— ChicagoFed (@ChicagoFed) June 4, 2019
Evans: "Transparent communications also reinforce the legitimacy of an independent central bank in a democratic society. We have the obligation to inform democratically elected officials, their staffs, and the public about how we expect to achieve our policy mandates."
— ChicagoFed (@ChicagoFed) June 4, 2019
Charlie Evans now welcomes @federalreserve Chair Jay Powell to #FedListens. Watch via Livestream: https://t.co/i0LteLCy6Y pic.twitter.com/5HONqFy37u
— ChicagoFed (@ChicagoFed) June 4, 2019
James Stock of @Harvard offers his perspective on monetary policy and communications. Watch via Livestream: https://t.co/i0LteLU8Yw pic.twitter.com/fJvDGIn8yS
— ChicagoFed (@ChicagoFed) June 4, 2019
Please note that Professor Stock corrected this number to -5.5%.
— ChicagoFed (@ChicagoFed) June 4, 2019
John Taylor of @Stanford provides his perspective on the Stock-Eberly-Wright paper just presented by James Stock of @Harvard. Watch the conference via Livestream: https://t.co/fGDpJseiJZ pic.twitter.com/pImZza3Auy
— ChicagoFed (@ChicagoFed) June 4, 2019
John Taylor provides some provides some context for the Stock-Eberly-Wright paper. Watch Live: https://t.co/i0LteLCy6Y pic.twitter.com/fSuYnXxmoR
— ChicagoFed (@ChicagoFed) June 4, 2019
Did you miss @federalreserve Chair Jay Powell's remarks this morning at #FedListens? A video is now available online: https://t.co/ixLFj3Bqrh pic.twitter.com/c5xBcNXB8v
— ChicagoFed (@ChicagoFed) June 4, 2019
Ben Bernanke of @BrookingsEcon and former Federal Reserve chair listens intently to comments by @federalreserve Chair Jay Powell during the #FedListens keynote. pic.twitter.com/HumLEWCpj5
— ChicagoFed (@ChicagoFed) June 4, 2019
Katharine Abraham of the University of Maryland discusses the role that maximum #employment in monetary policy during #FedLIstens. Download the full paper: https://t.co/cn11tUEK0p Watch Live now: https://t.co/i0LteLCy6Y pic.twitter.com/i4sMmIce9A
— ChicagoFed (@ChicagoFed) June 4, 2019
Tweetstorm starting now on #FedListens conference @ChicagoFed by me @PIIE - this one on the first paper/panel reflecting on the current monetary policy framework.
— Adam Posen (@AdamPosen) June 4, 2019
ICYMI: Some scenes from this morning's #FedListens session with James Stock and John Taylor. We're breaking now for lunch. Join us via livestream at 1:30 pm CT: https://t.co/i0LteLCy6Y pic.twitter.com/aw4hr2OcUJ
— ChicagoFed (@ChicagoFed) June 4, 2019
@econjared shares issues he considers to be central to maximum #employment discussions during #FedListens. Watch via livestream: https://t.co/uPAky8HQex pic.twitter.com/onqskGVgE7
— ChicagoFed (@ChicagoFed) June 4, 2019
"“Central Bank’s work is never done without explaining its actions to the public that we serve.” Earlier today, Charlie Evans shared his thoughts about the importance of communications in monetary policy during his #FedListens opening remarks. Watch Live: https://t.co/i0LteLCy6Y pic.twitter.com/UzEJkr5BLY
— ChicagoFed (@ChicagoFed) June 4, 2019
Maurice Obstfeld opens our afternoon session of #FedListens with his discussion about the Global Dimensions of U.S. Monetary Policy. https://t.co/i0LteLCy6Y pic.twitter.com/qilMVafubp
— ChicagoFed (@ChicagoFed) June 4, 2019
@MIT professor Kristin Forbes considers the Obstfeld approach and offers her insight. Watch Live now: https://t.co/i0LteLCy6Y pic.twitter.com/FrRAY9Mgoh
— ChicagoFed (@ChicagoFed) June 4, 2019
IN ONE HOUR: Tune in to see CEO @AndyVKNSC discuss "What Does Full Employment Look Like for Your Community or Constituency?" at the #Fedlistens conference in Chicago! Stream it live here: https://t.co/LR8zbpRO0n pic.twitter.com/uySXLCCTIA
— National Skills Coalition (@SkillsCoalition) June 4, 2019
@federalreserve Governor Lael Brainard kicks off a panel discussion about how employment affects communities. Watch Live: https://t.co/fGDpJrWHSr pic.twitter.com/T1y16MSLV8
— ChicagoFed (@ChicagoFed) June 4, 2019
Patrick Dujakovic of the Greater Kansas City AFL-CIO, @Chancellor_Juan of the Chicago City Colleges and Andy Van Kleunen of @SkillsCoalition discuss #employment challenges unique to their communities. pic.twitter.com/C6YVu0SAch
— ChicagoFed (@ChicagoFed) June 4, 2019
“There’s insecurity throughout. We’re starting to look at sustainability.” Watch our #FedListens panel on employment challenges in communities, sponsored by @federalreserve, Live Now: https://t.co/fGDpJrWHSr pic.twitter.com/FVTOppYV3A
— ChicagoFed (@ChicagoFed) June 4, 2019
“When I hear we are at full employment, that is not my reality, not my community’s reality.” @Chancellor_Juan of @ChiCityColleges pic.twitter.com/HOMoYyHIJB
— ChicagoFed (@ChicagoFed) June 4, 2019
“We don’t prioritize incumbent worker training in this country.” Andy Van Kleunen of @SkillsCoalition pic.twitter.com/y7smpycMeL
— ChicagoFed (@ChicagoFed) June 4, 2019
“One thing to keep in mind as citizens of this great country…we have to grow in an inclusive manner if we are going to have a sustainable society,” notes @Chancellor_Juan of @ChiCityColleges during #FedListens panel discussion on employment challenges. @federalreserve pic.twitter.com/WBS4kYg9AZ
— ChicagoFed (@ChicagoFed) June 4, 2019
“There are a lot more folks are walking into jobs now… but we will have to do a lot more to keep them in those jobs years from now.” Andy Van Kleunen, CEO of @SkillsCoalition during today's #FedListens panel during conference hosted with @federalreserve
— ChicagoFed (@ChicagoFed) June 4, 2019
“It’s been very, very difficult to get wage increases. We’re just now recently seeing increases…” according to the Kansas City AFL-CIO President Patrick Dujakovich during a panel discussion on #employment challenges during #FedListens. Watch Live Now: https://t.co/fGDpJrWHSr
— ChicagoFed (@ChicagoFed) June 4, 2019
In the final session of today's #FedListens conference, Stephen Cecchetti of Brandeis International Business School discusses Fed Communications, hosted with @federalreserve. Watch Live Now: https://t.co/i0LteLCy6Y pic.twitter.com/JE09RDyuna
— ChicagoFed (@ChicagoFed) June 4, 2019
Thank you so much for being a part of our #FedListens panel, @Chancellor_Juan. Such an important discussion about #employment challenges in communities. https://t.co/RrSyJxD5FF
— ChicagoFed (@ChicagoFed) June 4, 2019
Stephen Cecchetti of Brandeis discusses communications in an effective lower bound #economic environtment during his #FedListens presentation. https://t.co/i0LteLCy6Y pic.twitter.com/RI3kbwqKnw
— ChicagoFed (@ChicagoFed) June 4, 2019
Jón Steinsson professor at University of California, Berkeley discusses Stephen Cecchetti's research and offers his thoughts on communications and forward guidance at the Federal Reserve. This discussion will close day 1 of the #FedListens conference, hosted with @federalreserve pic.twitter.com/T6RvvmAaZT
— ChicagoFed (@ChicagoFed) June 4, 2019
Join us on Wednesday morning when Charlie Evans is interviewed by @mckonomy for @BloombergTV at 7:30 am CT. https://t.co/YShT5MXUPb pic.twitter.com/lXRiMcbN0E
— ChicagoFed (@ChicagoFed) June 4, 2019
University of California, Berkeley's @JonSteinsson observes “I think one of the advantageous elements of the current format of the SEP is that the Chair’s forecast is one of the many.” #FedListens @federalreserve pic.twitter.com/rS8AFuN1xC
— ChicagoFed (@ChicagoFed) June 4, 2019
His keynote responsibilities complete, @federalreserve Chair Jay Powell joins the audience follow the #FedListens conversations and research. pic.twitter.com/yKHibfdQjW
— ChicagoFed (@ChicagoFed) June 4, 2019
Chicago Fed EVP and Director of Research Anna Paulson chats with a #FedListens guest. pic.twitter.com/Uz6lLz4kCc
— ChicagoFed (@ChicagoFed) June 4, 2019
Join us tomorrow, June 5, at 8:30 am CT for day 2 of #FedListens. Don't miss our opening keynote with @federalreserve Vice Chair Richard Clarida via livestream: https://t.co/i0LteLCy6Y pic.twitter.com/z6HNnmQdmo
— ChicagoFed (@ChicagoFed) June 4, 2019
Thank you @schaundah Employment plays an important role in our policy discussions https://t.co/DERFzRtqd3
— ChicagoFed (@ChicagoFed) June 4, 2019
Thank you for sharing your experiences @BeckySharif and telling us your situation in Florida. Best of luck in your search. https://t.co/awJm5dBn4J
— ChicagoFed (@ChicagoFed) June 4, 2019
Join us tomorrow at 8:30 am CT for day 2 of #FedListens. @federalreserve Vice Chair Richard Clarida offers the opening keynote. Watch in real time on livestream: https://t.co/i0LteLCy6Y pic.twitter.com/UveprfsK9x
— ChicagoFed (@ChicagoFed) June 5, 2019
We're thrilled to celebrate #PrideMonth by raising the #prideflag at the top of the SF HQ! #PrideMonth2019 #LoveIsLove pic.twitter.com/hWBoi7ZJJy
— San Francisco Fed (@sffed) June 4, 2019
Get a front row seat on day 2 of the #FedListens conference. Watch the live stream starting at 8:30 am CT at https://t.co/oJi0Uutmxx. pic.twitter.com/GXFWAm41nb
— ChicagoFed (@ChicagoFed) June 5, 2019
Tune in at 7:30 am CT when Charlie Evans is interviewed by @mckonomy for @BloombergTV. https://t.co/YShT5MXUPb pic.twitter.com/qbCvbBqHzG
— ChicagoFed (@ChicagoFed) June 5, 2019
Charlie Evans being interviewed live now on @BloombergTV by @mckonomy
— ChicagoFed (@ChicagoFed) June 5, 2019
We hope you'll be able to join us. Today's sessions run from 8:30 am CT to approximately 3:00 pm CT. https://t.co/VC1ZIOkKp8
— ChicagoFed (@ChicagoFed) June 5, 2019
Check out the convo with Katherine Abraham (gr8 new paper!), Lisa Cook, and the peeps at the @ChicagoFed #FedListens conference. "Re accelerating inflation, high pressure labor markets are innocent until proven guilty!" https://t.co/POS9As6uzA
— Jared Bernstein (@econjared) June 5, 2019
@MinneapolisFed President Neel Kashkari chats with @RichmondFed President Tom Barkin and @philadelphiafed President Patrick Harper during a break during today‘s #FedListens conference, co-sponsored with the @federalreserve pic.twitter.com/S3EwXAqxof
— ChicagoFed (@ChicagoFed) June 4, 2019
@federalreserve Governor Lael Brainard at the #FedListens Conference on Monetary Policy Strategy, Tools, and Communication Practices. pic.twitter.com/p7RGdwIges
— ChicagoFed (@ChicagoFed) June 5, 2019
Join us at 8:30 am CT when Chicago Fed Executive Vice President and Director of Research Anna Paulson opens day 2 of #FedListens. @federalreserve Watch in real time on livestream: https://t.co/i0LteLCy6Y pic.twitter.com/5xGtSr09IO
— ChicagoFed (@ChicagoFed) June 5, 2019
Dallas Fed President @RobSKaplan discussed interest rates, monetary policy and trade tensions with @Bloomberg's @mckonomy live from the #FedListens Conference @ChicagoFed. https://t.co/dYEwqQFF2z
— Dallas Fed (@DallasFed) June 5, 2019
Join us for this morning's #FedListens keynote by @federalreserve Vice Chair Richard Clarida as he discusses monetary policy strategy, tools and communication practices. https://t.co/X366r0Atdm pic.twitter.com/c2bAupZc1d
— ChicagoFed (@ChicagoFed) June 5, 2019
The National #Financial Conditions Index ticked up to -0.83 as of May 31, up from -0.84 on May 24. This suggests that overall conditions have tightened. Risk levels were also up, while credit and leverage levels remained steady. #NFCI https://t.co/nSi1ECIr9P pic.twitter.com/odO6Qrjboo
— ChicagoFed (@ChicagoFed) June 5, 2019
@adamposen president of the @PIIE launches our first session of today's #FedListens event and provides some context to the conversation on monetary policy strategies. Live Now: https://t.co/X366r0Atdm pic.twitter.com/nVukB87lmA
— ChicagoFed (@ChicagoFed) June 5, 2019
Our next session at #FedListens features professor @leosven of the Stockholm School of Economics. He offers his perspectives on monetary policy strategies at this conference on monetary policy strategy & communication co-hosted by @federalreserve. Live Now https://t.co/X366r0Atdm pic.twitter.com/8hwGJQEPSA
— ChicagoFed (@ChicagoFed) June 5, 2019
Chicago Fed President Charlie Evans speaks with @federalreserve Governor Randal Quarles at the #FedListens conference. Watch day 2 on Facebook Live https://t.co/Cn7U8MocJ1. pic.twitter.com/Pp5z7vwkVS
— ChicagoFed (@ChicagoFed) June 5, 2019
Learn more about monetary policy strategies from professor @leosven of the Stockholm School of Economics. Live Now: https://t.co/X366r0Atdm pic.twitter.com/ltCjasLl6i
— ChicagoFed (@ChicagoFed) June 5, 2019
Behind the scenes with media at the #FedListens Conference on Monetary Policy Strategy, Tools, and Communication Practices at the Chicago Fed. https://t.co/oJi0Uutmxx pic.twitter.com/d8AMAGQRMa
— ChicagoFed (@ChicagoFed) June 5, 2019
Professor @leosven of the Stockholm School of Economics discusses some of the issues the #FOMC has to consider when evaluating #inflation during his presentation at #FedListens. @federalreserve Live Now: https://t.co/X366r0Atdm pic.twitter.com/LKhDyAKb36
— ChicagoFed (@ChicagoFed) June 5, 2019
Sharon Kozicki, advisor to the governor of the @bankofcanada, discusses Lars Svensson's paper and provides an international perspective at #FedListens. @federalreserve Live Now: https://t.co/X366r0Atdm pic.twitter.com/UKEDVf07Pc
— ChicagoFed (@ChicagoFed) June 5, 2019
"There are more people, in any given month, who take a job… came from being out of the labor force than came from being unemployed.” @UofMaryland Professor Katharine Abraham at #FedListens. https://t.co/EnDupNXJc4 pic.twitter.com/SDC8OoeUt3
— ChicagoFed (@ChicagoFed) June 5, 2019
Day 2 of the #FedListens Conference is streaming live on https://t.co/oJi0Uutmxx. pic.twitter.com/V0v40g6f7t
— ChicagoFed (@ChicagoFed) June 5, 2019
@BostonFed President Eric Rosengren takes the stage to lead the next #FedListens panel discussion on Transmission of Monetary Policy to the Economy: Beyond the Headlines. @federalreserve Live Now: https://t.co/X366r0Atdm pic.twitter.com/C2faOoYjLZ
— ChicagoFed (@ChicagoFed) June 5, 2019
Jamie Barrera of @LiftFundUS shares her Beyond the Headlines perspective on the effects of monetary policy during #FedListens. @federalreserve Live Now: https://t.co/X366r0Atdm pic.twitter.com/ck2y1N1zdG
— ChicagoFed (@ChicagoFed) June 5, 2019
David John of the @AARPpolicy talks about issues facing retirees and those soon to retire during this #FedListens session. @federalreserve Live Now: https://t.co/X366r0Atdm pic.twitter.com/UNoj2vqyoH
— ChicagoFed (@ChicagoFed) June 5, 2019
Maurice Jones of the Local Initiatives Support Corporation will be sharing the effects of low and moderate income households in regard to housing during #FedListens @federalreserve Live Now: https://t.co/X366r0Atdm pic.twitter.com/lzYkmnBnXf
— ChicagoFed (@ChicagoFed) June 5, 2019
Learn about the effects of policy on #smallbiz from Holly Wade of the National Federation of Independent Business during #FedListens. @federalreserve Live Now: https://t.co/X366r0Atdm pic.twitter.com/1UKhovMaUF
— ChicagoFed (@ChicagoFed) June 5, 2019
More thoughts on how monetary #policy may affect retirees from David John of @AARPpolicy in this Beyond the Headlines panel at #FedListens. @federalreserve Live Now: https://t.co/X366r0Atdm pic.twitter.com/AqTbT0AgJ7
— ChicagoFed (@ChicagoFed) June 5, 2019
Maurice Jones of the Local Initiatives Support Corporation expresses concerns about challenges his constituency faces in the housing and construction sector. #FedListens @federalreserve https://t.co/X366r0Atdm pic.twitter.com/d1IME7ybJv
— ChicagoFed (@ChicagoFed) June 5, 2019
Janie Barrera of @LiftFundUS discusses the most effective way to reach out to the community and understand issues at the individual level during #FedListens @federalreserve https://t.co/X366r0Atdm pic.twitter.com/1v0QZJa97c
— ChicagoFed (@ChicagoFed) June 5, 2019
Holly Wade: "From what we have seen in our surveys on small business financing, access is the most crucial element. The price component is certainly a concern… but it is all based on access to sources of credit." #FedListens Live: https://t.co/X366r0Atdm pic.twitter.com/AHu7v7uXsz
— ChicagoFed (@ChicagoFed) June 5, 2019
@stlouisfed President James Bullard engages panelists at the #FedListens Conference on Monetary Policy Strategy, Tools, and Communication Practices at the Chicago Fed. pic.twitter.com/mFcPixJ0Kj
— ChicagoFed (@ChicagoFed) June 5, 2019
ICYMI: David John of @AARPpolicy reflects upon effective communication strategy during #FedListens. We return to Livestreaming at 1:30 pm CT. https://t.co/X366r0Atdm pic.twitter.com/dosASGdImr
— ChicagoFed (@ChicagoFed) June 5, 2019
ICYMI @DallasFed Robert Kaplan joins other @federalreserve leaders at the #FedListens conference. Join us for the last 2 sessions of a conference on monetary policy strategy and communication practices; Live at 1:30 pm CT: https://t.co/X366r0Atdm pic.twitter.com/0Ti0hpjrY4
— ChicagoFed (@ChicagoFed) June 5, 2019
The afternoon session of #FedListens is now Live: https://t.co/X366r0Atdm pic.twitter.com/8RzdQURELk
— ChicagoFed (@ChicagoFed) June 5, 2019
ICYMI Day 2 of #FedListens opening remarks by @federalreserve Vice Chair Richard Clarida recording now available. https://t.co/EdZXiTprsf pic.twitter.com/IompsBCKG3
— ChicagoFed (@ChicagoFed) June 5, 2019
Jing Cynthia Wu of @NotreDame begins our afternoon #FedListens session with a discussion about the types of tools available to monetary policymakers. Live Now: https://t.co/X366r0Atdm pic.twitter.com/GBngfR6ddA
— ChicagoFed (@ChicagoFed) June 5, 2019
@Federalreserve Chair Jerome Powell is visiting the Chicago Fed to attend the #FedListens Conference on Monetary Policy Strategy, Tools, and Communication Practices. pic.twitter.com/sVk7OSfGYY
— ChicagoFed (@ChicagoFed) June 5, 2019
Watch this afternoon's #FedListens session Live Now: https://t.co/X366r0Atdm
— ChicagoFed (@ChicagoFed) June 5, 2019
Jing Cynthia Wu of @NotreDame shares her research with Eric Sims, also with the University of Notre Dame, during #FedListens. pic.twitter.com/Y0DrZCK4w0
— ChicagoFed (@ChicagoFed) June 5, 2019
Annette Vissing-Jørgensen of University of California, Berkeley, provides some context for the Wu-Sims research during this #FedListens. @federalreserve co-hosts this conference on monetary policy strategy, tools and communication practices. Live Now: https://t.co/X366r0Atdm pic.twitter.com/3k7gH3e6MH
— ChicagoFed (@ChicagoFed) June 5, 2019
All systems are GO in our webcast control center, where Chicago Fed web and IT teams monitor live stream delivery of day 2 of the #FedListens conference. Watch our final session live on https://t.co/oJi0Uutmxx at 1:45 pm CT. pic.twitter.com/gQbQoGm2hk
— ChicagoFed (@ChicagoFed) June 5, 2019
All papers from #FedListens are available online. Videos from session are posted as they become available. Learn more: https://t.co/i0LteLCy6Y pic.twitter.com/TkQ8JAR3nf
— ChicagoFed (@ChicagoFed) June 5, 2019
Anil K Kashyap of @ChicagoBooth discusses the relationship between financial stability and monetary policy during the final #FedListens session. https://t.co/i0LteLCy6Y pic.twitter.com/CgVEQLSHJr
— ChicagoFed (@ChicagoFed) June 5, 2019
Mark Gertler of @nyuniversity wraps up #FedListens with comments on the big picture when considering financial stability. @federalreserve pic.twitter.com/Ba65Za5xPH
— ChicagoFed (@ChicagoFed) June 5, 2019
Fed Listens is a Federal Reserve System initiative that began in 2019 as a way to hear about how monetary policy affects peoples’ daily lives and livelihoods.
