NTC: Financial Crises, Monetary Policy and the Federal Reserve System

Wednesday, October 24, 2012

9:30 am- 12:30 pm

Marc Hayford, Loyola University
Wait list only
Newberry Teachers' Consortium

This seminar will focus on the role that the Fed plays in “normal times,” in setting monetary policy to obtain the dual congressionally mandated goals of price stability and maximum sustainable growth, as well as the Fed’s role as lender of last resort in times of financial crisis. The topics covered include: a brief discussion of 19th century financial crises prior to the founding of the Fed, the behavior of the Fed during the Great Depression and the response of the Fed to the financial crisis of 2008. The seminar will end with a discussion of the Fed’s role in current economic recovery from the recession of 2007-2009 with particular focus on the Fed’s balance sheet and the potential limits of monetary policy’s expansionary effects.

Cost and Registration Information 

For registration information please contact Charlotte Wolfe at wolfec@newberry.org