Speaker: Victoria Guida, Financial Services Reporter, Politico
Speaker Bio: https://www.politico.com/staff/victoria-guida
In response to the COVID-19 pandemic, Congress has empowered the Federal Reserve, as this country’s central bank, to inject unprecedented amounts of money into the financial system in the hopes of saving the temporarily paralyzed U.S. economy. In pursuit of this goal, the Federal Reserve established several emergency credit facilities, including a few not seen in any prior crisis, to keep plentiful credit flowing to American companies. This, however, proved to be a highly controversial process with potentially far-reaching economic, social, and political consequences. The Clarke Program on the Law and Regulation of Financial Institutions and Markets brings prominent scholars, policy experts, and financial journalists to weigh in on what these consequences may be.
We invite you to join the conversation with Victoria Guida, one of the most prominent and respected journalists specializing in extensive in-depth analysis of the Federal Reserve’s COVID rescue campaign. She will share with us her unique insights into the design, operation, and ultimate economic impact of these unprecedented emergency-support programs. What is the Federal Reserve doing to save the economy? How successful has it been so far? What could it have done differently? And, more generally, what should be the goals and limits of central bank’s interventions in today’s complex markets?
These are some of the questions this discussion will address. We hope you enjoy it!