Is the Fed Behind the Curve? Determining the Trajectory of Inflation
David Laidler Lecture with Michael D. Bordo, Board of Governors Professor of Economics and Director of the Center for Monetary and Financial History, Rutgers University
There is much debate about whether or not the US Federal Reserve acted quickly enough to restrain accelerating inflation. Join the discussion with Professor Michael Bordo, the Board of Governors Professor of Economics and Director of the Center for Monetary and Financial History at Rutgers University, who will weigh in on evolving doctrine, reading inflation signals and understanding the economy, the Fed’s interpretation of the dual mandate and implications of political pressure.
To read the full presentation, please click here.
C.D. Howe Institute events and webinars are open to members and their guests.
Michael D. Bordo, Board of Governors Professor of Economics and Director of the Center for Monetary and Financial History, Rutgers University
Michael D. Bordo is a Board of Governors Professor of Economics and director of the Center for Monetary and Financial History at Rutgers University, New Brunswick, New Jersey. He has held previous academic positions at the University of South Carolina and Carleton University in Ottawa, Canada. Bordo has been a visiting professor at the University of California, Los Angeles, Carnegie Mellon University, Princeton University, Harvard University, and Cambridge University, where he was Pitt Professor of American History and Institutions. He is currently a Distinguished Visiting Fellow at the Hoover Institution, Stanford University. He has been a visiting scholar at the International Monetary Fund, the Federal Reserve Banks of St. Louis, Cleveland, and Dallas, the Federal Reserve Board of Governors, the Bank of Canada, the Bank of England, and the Bank for International Settlement. He is a research associate of the National Bureau of Economic Research, Cambridge, Massachusetts. He is also a member of the Shadow Open Market Committee. He has a BA degree from McGill University, an MSc in economics from the London School of Economics, and PhD from the University of Chicago in 1972. He has published many articles in leading journals and eighteen books on monetary economics and monetary history. His latest book is The Historical Performance of the Federal Reserve: The Importance of Rules. Stanford CA: Hoover Institution Press 2019.He is editor of a series of books for Cambridge University Press: Studies in Macroeconomic History.