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Monetary Policy and the Markets

This conference, jointly sponsored by the American Enterprise Institute and the National Association for Business Economics and held May 21, 2001, addressed monetary policy and its effects on financial markets.

11:30 Lunch

Welcome: Christopher C. DeMuth, AEI, and Richard B. Berner, NABE® and Morgan Stanley

Accountability and Independence: How Does the Fed Balance the Two?

Presider: Diane C. Swonk, NABE® and Bank One Corporation
Speaker: HON. LAURENCE MEYER, Board of Governors, Federal Reserve System Speech

1:00 p.m.

Policy Formulation: The Process in the United States and Abroad

Facilitator: MICHAEL MOSKOW, Federal Reserve Bank of Chicago Remarks

Discussants: HON. CHARLES FREEDMAN, Bank of Canada Speech
HON. EDWARD GRAMLICH, Board of Governors, Federal Reserve System
HON. CHRISTIAN NOYER, European Central Bank Speech
SUSHIL WADHWANI, Monetary Policy Committee, United Kingdom Speech Slides

2:30 Break

2:45
Financial Market Reactions to Central Bank Communiqués

Facilitator: JOHN M. BERRY, Washington Post

Discussants: GERALD CORRIGAN, Goldman Sachs (invited)
ROBERT V. DICLEMENTE, Salomon Smith Barney and the Money Marketeers Speech
JOHN MAKIN, AEI and Caxton Corporation
MICHAEL MCKEE, Bloomberg News Speech
WILLIAM POOLE, Federal Reserve Bank of St. Louis

William Poole, President of the St. Louis Fed, and Sushil Wadhwani, of the Monetary Policy Committee of the UK

 

 

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