What does it mean for the Federal Reserve to be a democratically accountable institution? What actions can Congress take to make the Fed more transparent and accountable to the public interest? Through the work of its Good Life Residents program, the Roosevelt Institute will explore these questions in a forthcoming essay collection.
While still relatively new, the Warsh-led Fed has indicated a desire to communicate less often and share less information publicly, eschewing forward guidance and traditions of transparency like the “dot plot.” This collection calls into question how the Fed operates and for whom, urging policy changes at both the central bank and through congressional action to benefit the public, who must live with monetary policy decisions.
Join us to discuss how Congress can make the Federal Reserve more credible and accountable—moderated by economist Claudia Sahm and featuring the Roosevelt Institute’s Good Life Residents on the Federal Reserve: Christian Flores, Erin Lockwood, and Ethan Struby.