21st Century Monetary Policy | Part III: From Liftoff to the COVID-19 Pandemic

Join Jared Davis—a software engineer in Cambridge, Massachusetts who enjoys studying mathematics and reads widely—for the third of a four-part discussion of 21st Century Monetary Policy.

In this salon, we will discuss the first part of Ben Bernanke’s book, 21st Century Monetary Policy.

Bernanke is an economist, historian, and Chairperson of the US Federal Reserve Board of Governors from 2006 through 2014. During his service under Presidents G.W. Bush and Obama, Bernanke responded to the financial crisis of 2007-2009 and shaped the economic recovery, drawing both praise and criticism for the Federal Reserve’s unprecedented policies.

Bernanke’s expertise as a scholar of the Great Depression era gives him an unparalleled view on the changes, challenges, successes, and failures, of US economic policies leading up to events occurring today.

Reading:

We will discuss very recent history during Chairpersons Yellen and Powell’s tenure, starting with the return of populist politics into the Federal Reserve’s proceedings. The recovery, now flourishing, of the US economy will encounter the shock of the worldwide pandemic. Bernanke will talk of “Odyssean” guidance through the many challenges facing the economy, and the tools acquired from the previous financial crisis to deal with such challenges.

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