Please join us for a meeting of the Shadow Open Market Committee (SOMC), hosted by the Manhattan Institute. This meeting will feature keynote remarks from Michelle Bowman, Governor, Federal Reserve Board.

AGENDA:

Welcoming Remarks

• Charles Plosser, Former President Federal Reserve Bank of Philadelphia

Panel I: Regulatory and Capital Framework

• Deborah Lucas, MIT, "Basel III Endgame and Bank Capital Requirements” [PAPER] [PPT]
• Charles Calomiris, Professor Emeritus, Columbia University, "What is a Bank? What is a Government?”
• Gregory Hess, IES Abroad (Moderator)

Panel II: The Monetary Policy Framework

• Athanasios Orphanides, MIT, "Enhancing Resilience With Natural Growth Targeting"
• Peter Ireland, Boston College, "Update on Monetary Conditions: Spring 2024" [PAPER] [PPT]
• Jeffrey Lacker, Former President, Federal Reserve Bank of Richmond and Andrew Levin, Dartmouth University, "Diversity of Views at the Federal Reserve"
• Mickey D. Levy, Hoover Institution (Moderator)

Luncheon and Keynote Remarks

• Michelle Bowman, Governor, Federal Reserve Board
• Athanasios Orphanides, MIT (Moderator)

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