What Really Happens at a Fed Research Conference
Every year, regional Federal Reserve banks host some of the most substantive — and under-the-radar — events in the central banking world: research conferences. Behind the formal papers and dense macro models, this is where much of the Fed’s intellectual groundwork for monetary policy first starts to take shape. On this episode, we take you inside the Boston Fed's 69th annual Economic Conference to hear what the economists are actually debating, how they choose the questions that matter most, and what happens when the evidence — or egos — clash. Along the way, we talk to Fed researchers, outside academics, and Boston Fed President Susan Collins about how this kind of work influences policy in the real world.
Watch all the presentations at the Boston Fed's website
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What Susan Collins Wants to See Before Supporting Another Rate Cut
In early November, it looked like almost a sure thing that the Federal Reserve would cut rates. Since then, the odds have come in dramatically, as a number of FOMC members have been talking about persistent inflationary pressures. One such voice has been Susan Collins, the president of the Boston Fed. On this episode, she explains her thinking as to why, right now, she's more concerned about inflation than she is about the labor market, and she tells us what she'd like to see before supporting another rate cut. Today's episode coincides with the first day of the Boston Fed's annual economic research conference, which will be streaming live on the bank's website.
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Central Bank Digital Currencies: How Should Privacy Be Built In? - Ep.206
This panel, from a panel for the fifth anniversary of Hyperledger, features Rob Palatnick, managing director of global head of technology research and innovation at the DTCC and chairman of the Hyperledger board, Matthieu Saint Olive, Codefi payments product manager and CBDC advisor at ConsenSys, and Robert Bench, assistant vice president at the Federal Reserve Bank of Boston. In this discussion on the current outlook on central bank digital currencies (CBDCs), they cover:
what main problems CBDCs can solve
whether CBDCs should be open sourced
why building a new technology for CBDCs is preferred over using existing tech
how concerns over CBDCs and their privacy implications differ across countries
what possible pain points or opportunities CBDCs pose for central banks
whether CBDCs should be blockchain-based
to what extent CBDCs will be distributed and open networks, and whether fees would be charged for transactions
how central banks are thinking about methods of adoption, like whether they will bank directly with retail customers or still use commercial banks
how developers balance the drawbacks and benefits of blockchain-based CBDCs with different stakeholders
whether stable coins will be replaced by or coexist with CBDCs
and what the future holds for the continued development of CBDCs
Thank you to our sponsors!
Crypto.com: http://crypto.com
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Episode links:
Rob Palatnick: https://www.dtcc.com/our-experts/robert-palatnick
Brian Behlendorf: https://twitter.com/brianbehlendorf?lang=en
Matthieu Saint Olive: https://twitter.com/msaintolive?lang=en
Robert Bench: https://www.bostonfed.org/home/people/bank/robert-bench.aspx
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