Fed Listens San Francisco

A Hot Economy: Sustainability and Trade-offs

Thursday, September 26, 2019
Federal Reserve Bank of San Francisco
101 Market Street
San Francisco, CA 94105

In 2019, the Federal Reserve has launched a listening tour, reaching out to a broad range of people across the country. Through it, the Fed wants to hear views on how best to pursue its mandated goals of maximum employment and stable prices.

The San Francisco Fed hosted one of the Fed Listens tour stops on September 26. At the all-day meeting, invited researchers, policymakers, and public officials, as well as business practitioners and community representatives, discussed the costs, benefits, and sustainability of running a hot economy.

You can learn more about the Fed Listens initiative and events at the Board of Governors information site and on the SF Fed Blog.

A key goal of the Fed Listens initiative is public accessibility. With that in mind, here are videos and presentations from our sessions.

8:45 a.m. Welcoming Remarks

Mary Daly, President, Federal Reserve Bank of San Francisco
Richard Clarida, Vice Chair, Federal Reserve Board of Governors

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9:15 a.m. Policy trade-offs of running a hot economy

Douglas (Doug) Elmendorf, Dean and Don K. Price Professor of Public Policy, Harvard Kennedy School

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9:45 a.m. Q & A
10:00 a.m. Break
10:30 a.m. Panel discussion: Research perspectives on the costs and benefits of a hot economy

Moderator: Sylvain Leduc, Executive VP and Director of Research, FRBSF

Panelists:

Sarah Bohn, Director of Research and Senior Fellow, Public Policy Institute of California
Heather Boushey, Executive Director and Chief Economist, Washington Center for Equitable Growth
Jason Furman, Professor of the Practice of Economic Policy, Harvard Kennedy School
Douglas Holtz-Eakin, President, American Action Forum

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View the presentation slides (pdf, 2mb)

11:30 a.m. Q & A
1:30 p.m. Panel discussion: A community development and labor perspective

Moderator: Rob Valletta, Group Vice President, Research Communications, FRBSF

Panelists:

Carrie Cihak, Chief of Policy, King County
Isela Gracian, President, East Los Angeles Community Corporation
Carolina Reid, Assistant Professor of City & Regional Planning, UC Berkeley
Carmen Rojas, President, Workers Lab

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View the presentation slides (pdf, 620kb)

2:30 p.m. Q & A
2:45 p.m. Break
3:00 p.m. Panel discussion: Business opportunities and challenges

Moderator: Mark Gould, First Vice President, FRBSF

Panelists:

Russell A. (Chip) Childs, President and CEO, SkyWest, Inc.
Patricia (Pat) R. Richards, President and CEO, SelectHealth
Rosemary Turner, president (retired) of UPS Northern California and Deputy Chair, FRBSF head office Board of Directors
David White, National Executive Director, SAG-AFTRA

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4:00 p.m. Q & A
4:15 p.m. Closing Keynote

Atif Mian, Professor of Economics, Princeton University

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View the presentation slides (pdf, 318kb)

Questions about the San Francisco Fed Listens Event? Contact us.