[FMC 2024] Policy Session 2: Evolving Monetary Policy Transmission Mechanisms

Federal Reserve monetary policy works through financial markets that have evolved in recent decades in response to changes in government policy and technology. Expansion of the Fed's balance sheet and an increase in banks' capital and liquidity requirements are among the policy changes since the global financial crisis that could change the transmission mechanism. This session will consider these and other changes that may have affected the transmission mechanism.
Moderator: Frederic Mishkin, Alfred Lerner Professor of Banking and Financial Institutions, Graduate School of Business, Columbia University
Panelist: John Y. Campbell, Morton L. and Carole S. Olshan Professor of Economics, Harvard University
Panelist: Lucrezia Reichlin, Professor of Economics, London Business School
Panelist: David Zervos, Chief Market Strategist, Jefferies LLC
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The Financial Markets Conference, the Atlanta Fed's signature policy and research event, convenes leading experts to discuss emerging financial market issues and their monetary policy implications. Learn more here: atlfed.org/3TqhTJh