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 in our summary of the SF Fed event (pdf, 199 kb).

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 Watch the presentation
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 Watch the presentation
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 Watch the presentation 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 Watch the presentation 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 Watch the presentation
4:00 p.m.	Q & A
4:15 p.m.	Closing Keynote
	Atif Mian, Professor of Economics, Princeton University Watch the presentation View the presentation slides (pdf, 318kb)