Ricochet is the best place on the internet to discuss the issues of the day, either through commenting on posts or writing your own for our active and dynamic community in a fully moderated environment. In addition, the Ricochet Audio Network offers over 50 original podcasts with new episodes released every day.
On this episode of the AEI Events Podcast, Rep. Andy Barr (R-KY) joins AEI’s Paul H. Kupiec to discuss the competency and governance of the Federal Reserve System. They discuss whether an informed citizen has the capacity to understand the Fed’s conduct of monetary policy. Rep. Barr explains a bill he proposed that would require the Fed to better articulate and communicate a monetary policy, which he believes would help community members understand the Fed’s thinking and the future path of monetary policy.
Following their conversation, an expert panel further discusses the problems facing the Fed. Peter Conti-Brown of the Wharton School of the University of Pennsylvania discussed where and how to insert politics into the Fed’s institutional space. He believes the goal should be to maximize economic performance. The Cato Institute’s George Selgin believes that the floor operating system running the Fed must be discussed. Brookings Institution’s Aaron Klein addresses the problem of groupthink within the regional banking system. He discusses trends in the selection of regional banking presidents and showed that the majority have been previously affiliated with the Fed. Alex Pollock of the R Street Institute speaks about the Fed’s inevitable knowledge problem, 2 percent inflation, the expropriation of savers, and the Fed and Congress.
This event took place on June 27, 2018.
Subscribe to AEI Events Podcast in Apple Podcasts (and leave a 5-star review, please!), or by RSS feed. For all our podcasts in one place, subscribe to the Ricochet Audio Network Superfeed in Apple Podcasts or by RSS feed.
I feel super dorky for listening to this, but I like using the Fed as a piñata.