21st Century Monetary Policy | Part IV: What Lies Ahead

Join Jared Davis—a software engineer in Cambridge, Massachusetts who enjoys studying mathematics and reads widely—for the finale 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.

What lies ahead?

In essence, nobody knows for certain. At the time of Bernanke’s writing and as this Salon Series occurs, history is happening in real time. Headline inflation in the US has been measured at the same level as when Volcker was appointed Chairperson to the Fed. Gasoline prices are at an all time high, new variants of the COVID-19 virus continue to threaten public health worldwide, war in Europe has broken out since this book went to press, and upcoming elections may swing political control in Congress.

What impartial tools can the Fed use to prevent economic troubles? What tools does the Fed need for ongoing or unseen challenges? How can the central bank maintain its independence and neutrality in the midst of partisan politics? The series conclusion truly is history in the making.

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