Session 2: What Comes Next for the Economy and Monetary Policy?
Wednesday, May 5, 2021, 11 a.m. – 12:15 p.m. ET
The second webinar in “Post-Pandemic Trajectories: Politics, the Economy, and Global Markets,” the 2021 Carroll School Webinar series, welcomed Eric Rosengren, chief executive officer as well as president of the Federal Reserve Bank of Boston, on Wednesday, May 5. Rosengren, who has served as the Boston Fed’s president since 2007, presented his perspective on what comes next for the nation’s economy and monetary policy, especially in regard to the specter (or non-specter) of inflation. In his talk, the Fed president sought to tamp down fears of runaway inflation, and his remarks drew headlines in the Boston Globe, Bloomberg, and other major outlets. See the full recording below.
News Coverage
Participant Bios
Speaker: Eric Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston
Dr. Eric Rosengren is president and CEO of the Federal Reserve Bank of Boston, one of the 12 regional Reserve Banks in the Federal Reserve System.
In this role, Rosengren is a participant on the Federal Reserve’s Federal Open Market Committee, which sets the direction of U.S. monetary policy. He also oversees the Boston Fed’s regional and national economic research and analysis, as well as its banking supervision and financial stability efforts, community economic development initiatives, and work to advance the U.S. financial and payments systems.
Since his appointment in 2007, Rosengren has relied on a data-driven approach to form his views on the economy. His work as a researcher, policymaker, and community leader often focuses on financial stability issues and their impact on the “Main Street” economy. Under his leadership the Boston Fed has spearheaded initiatives to support all segments of the economy. This includes hosting foreclosure-prevention workshops for New England residents during the Great Recession and developing and expanding Working Places programs that help improve the lives of lower-income residents in five New England states. The Bank also operated the Fed’s Main Street Lending Program during the COVID-19 pandemic to provide loans for small and medium-sized businesses and nonprofit organizations throughout the country.
Moderator: Marc Seidner '88, CIO, Non-traditional Strategies, PIMCO
Marc Seidner is CIO Non-traditional Strategies, a managing director and head of portfolio management in the New York office. He is also a generalist portfolio manager and a member of the Investment Committee. He rejoined PIMCO in November 2014 after serving as head of fixed income at GMO LLC, and previously he was a PIMCO managing director, generalist portfolio manager and member of the Investment Committee until January 2014.
Prior to joining PIMCO in 2009, he was a managing director and domestic fixed income portfolio manager at Harvard Management Company. Previously, he was director of active core strategies at Standish Mellon Asset Management and a senior portfolio manager at Fidelity Management and Research.
He has 34 years of investment experience and holds an undergraduate degree in economics from Boston College.
Intro and closing music is “For Boston” in 8 parts for violin by Nova Wang CSOM '21