The Fed: Lessons learned from the past three years

Hutchins Center on Fiscal & Monetary Policy at Brookings will discuss lessons that the Fed should draw from the past three years, and what issues it should consider when it revisits the framework, as it has promised to do every five years.
Brookings’ Ben Bernanke and Olivier Blanchard of the Peterson Institute for International Economics will present a paper on what drove the inflation that was much greater and persistent than Fed forecasters anticipated. Don Kohn of Brookings and Gauti Eggertsson of Brown University will present a paper on how the Fed’s approach to using its monetary policy tools over the past few years may have contributed to the inflation overshoot. Then, we’ll convene a panel to discuss issues that the Fed should consider in its next framework review. Viewers may submit questions by emailing [e-mail], on Twitter using the hashtag #FedFramework, or at sli.do using the code #FedFramework.