Understanding the Federal Reserve, with Louise Sheiner

06/19/23 • 42 min

Sandra Day O'Connor Institute for American Democracy

Episode two of the three-part series "The Economy: Inflation, the Fed, and You."
Inflation in America is happening for the first time in forty years, and the Federal Reserve has committed to fighting it. What tools can and does the Fed use to battle inflation, and what are its other economic duties beyond keeping prices stable? Who at the Federal Reserve makes decisions, and how do they make them? Brookings Institution economist Louise Sheiner joins Liam Julian, director of Public Policy at the Sandra Day O'Connor Institute, for a discussion. Sheiner is the Robert S. Kerr Senior Fellow in Economic Studies and policy director for the Hutchins Center on Fiscal and Monetary Policy. She previously served as a senior economist in the Fiscal Analysis Section for the Research and Statistics Division with the Board of Governors of the Federal Reserve System.

You can find us at: https://oconnorinstitute.org/

You can find us at: https://oconnorinstitute.org/

Previous Episode

Why Inflation Happens, with John Cochrane

Episode one of the three-part series "The Economy: Inflation, the Fed, and You."
Inflation in America is happening for the first time in forty years. Why have prices gone up and when might they come down? What role do monetary policy, the Federal Reserve, and legislators play? And what is the fiscal theory of inflation? Hoover Institution economist John H. Cochrane joins Liam Julian, director of Public Policy at the Sandra Day O'Connor Institute, for a discussion. The Economist magazine wrote that Cochrane's new book, The Fiscal Theory of the Price Level, "builds a theory of inflation as ambitious as that proposed by John Maynard Keynes’s The General Theory or Milton Friedman’s and Anna Schwartz’s A Monetary History." Cochrane is the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution and a research associate of the National Bureau of Economic Research.

You can find us at: https://oconnorinstitute.org/

Next Episode

Inflation at Home: The Regional Perspective, with George W. Hammond

Episode three of the three-part series "The Economy: Inflation, the Fed, and You."
Inflation in America is happening for the first time in forty years, but different parts of the country are experiencing inflation differently. How do the ways in which we measure price increases, such as the Consumer Price Index (CPI), contribute to regional variances in inflation? What role do rising housing costs play? And do certain types of inflation cause more pain than others? University of Arizona economist George W. Hammond joins Liam Julian, director of Public Policy at the Sandra Day O'Connor Institute, for a discussion. Hammond directs the Economic and Business Research Center in the Eller College of Management. A specialist in econometric forecasting for more than two decades, he has designed, built, and used economic models to produce more than 100 forecasts for state and local economies and completed more than 50 regional economic studies on topics including economic and workforce development, energy forecasting, and the impact of higher education on human capital accumulation.

You can find us at: https://oconnorinstitute.org/

Sandra Day O'Connor Institute for American Democracy - Understanding the Federal Reserve, with Louise Sheiner

Transcript

Liam Julian:

Welcome to an O'Connor Institute issues and answers discussion with Dr. Louise Sheiner. Dr. Louise Sheiner is the Robert S. Kerr Senior Fellow in Economic Studies and Policy Director for the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution. She previously served as Senior Economist in the Fiscal Analysis Section for the Research and Statistics Division with the Board of Governors of the Federal Reserve System.

In her time at