Following a year of unparalleled disruption, loose monetary and fiscal policies have become the new normal and many long-term economic and societal changes remain uncertain. As vaccination programmes pick up pace amid talk of policy normalisation, OMFIF and the Federal Reserve Bank of Philadelphia are hosting a series of seminars to discuss the Federal Reserve’s priorities. Over five days, Fed Week will cover topics from the economics of artificial intelligence, a green recovery, central bank digital currency, financial stability, macroeconomic developments and how all of this is feeding into the decisions the Fed is making.
In session four of the series, the panel will cover:
• How three crises – health, economic and social – are converging into one difficult moment in American history
• What our current economic challenges are and what bold action could look like
• Managing the physical risk climate change poses to the US financial infrastructure and the role of policy and regulation
• Protecting the economically vulnerable communities that are least equipped to cope
• How longer-term shifts in temperature and other climate hazards are impacting productivity and performance across the economy and the role of US financial regulators in managing the risks
• How can we build a society that delivers on the promise of equal opportunity and inclusive success and the Federal Reserve’s ability to change this landscape
• Focusing on investments that leverage the talent of everyone and contribute to the economy’s long-term growth prospects
• ‘Opportunity infrastructure’ and the building blocks that help individuals maximise their potential
Federal Reserve Bank of Philadelphia
Federal Reserve Bank of Atlanta
09:30-10:45 (New York)
This meeting will be recorded and will be available on OMFIF On Demand.
In partnership with:
This virtual discussion is part of the OMFIF Sustainable Policy Institute. The SPI is a high level community which brings together central banks, sovereign funds, public pension funds, and their counterparts in asset management, banking and professional services to explore policy, regulatory and investment challenges posed by environmental, social and governance themes. See more information on OMFIF’s SPI here.