2016 US Monetary Policy Forum

February 26, 2016 – New York

This annual conference brings together academics, market economists, and policy makers. The conference is sponsored by the Initiative on Global Markets at the University of Chicago Booth School of Business.

Program

The conference began with the 2016 report titled "Language after Liftoff: Fed Communication Away from the Zero Lower Bound," presented by David Greenlaw (Morgan Stanley), Peter Hooper (Deutsche Bank), Michael Feroli (JP Morgan Chase), Frederic Mishkin (Columbia), and Amir Sufi (University of Chicago).

The report was discussed by the following:

• Jerome Powell, Board of Governors of the Federal Reserve System
  View Presentation (PDF)
• John Williams, President, Federal Reserve Bank of San Francisco
  View Presentation (PDF)

Moderated by Randall S. Kroszner, Chicago Booth.

The conference keynote speech was given by Jeremy Stein, Harvard University and was focused broadly on his paper "The Fed, the Bond Market, and Gradualism in Monetary Policy."

The conference concluded with a panel discussion on international monetary policy synchronization and included:

• Lael Brainard, Board of Governors of the Federal Reserve System
  View Presentation (PDF)
• Maurice Obstfeld, Economic Counsellor and Director of Research, International Monetary Fund
• Peter Praet, Executive Board Member, European Central Bank

The panel was moderated by Steve Liesman, CNBC Senior Economics Reporter.

The full participant list is available here.

The conference paper is available here.