Economics21 Presents the Shadow Open Market Committee Symposium

Economics21 Presents the Shadow Open Market Committee Symposium:

Maintaining Central Bank Independence
in Conducting Monetary Policy

FEATURING: Federal Reserve Board Governor Kevin Warsh

NEW YORK, NY: This Friday, March 26^th, Economics 21 presents the Shadow Open Market Committee (SOMC) Symposium at the The Harvard Club in New York.  Opening remarks begin at 9:00 AM, followed by SOMC Paper Presentations on “Aspects of Central Bank Independence and Financial Stability.” At 10:30 AM there will be a panel discussion with SOMC members on “Issues Critical to the Fed’s Successful Exit Policy.”

At 11:30 AM Federal Reserve Board Governor Kevin Warsh will deliver the Keynote address titled “Central Bank Independence.”  Following his address there will be a discussion with him moderated by SOMC members, Dr. Marvin Goodfriend and Dr. Mickey Levy.

About the SOMC: Founded in 1973, the Shadow Open Market Committee (SOMC) is an independent organization whose members are drawn from academic institutions and private organizations to evaluate the policy choices and actions of the Federal Reserve’s Open Market Committee (FOMC), and macroeconomic policy issues including monetary and fiscal policy.  The Committee’s deliberations are intended to improve policy discussions among policy makers, journalists and the general public with the hope that wiser policy decisions will result. Visit www.ShadowFed.org for more information.

About Economics21: A new nonprofit, nonpartisan organization dedicated to economic research and innovative public policies for the 21st century. We aim to advance free enterprise, fiscal discipline, economic growth, and the rule of law.  Drawing on the expertise of practitioners, policymakers, and academics, we will encourage a spirited debate about the way forward for democratic capitalism. Visit www.economics21.org for more information.

WHAT: Shadow Open Market Committee Symposium   

WHEN: Friday, March 26^th, 2010
9:00 AM EDT: Welcome Remarks & SOMC Paper Presentations: Aspects of Central Bank Independence and Financial Stability
10:30 AM EDT: Panel Discussion: Issues Critical to the Fed’s Successful Exit Policy
11:30 AM EDT: Keynote Address by Federal Reserve Board Governor, Kevin Warsh: Central Bank Independence. Discussion moderated by Dr. Goodfriend and Dr. Levy.

WHERE:
The Harvard Club
35 West 44th Street
New York, NY 10036-6613

Media Access: 8:00 AM to 8:45 AM
Throw: 40 ft.
Media entrance: Main Entrance
Media Coverage: OPEN PRESS (NOTE: No live TV coverage).
RSVP & Media Inquiries: Stuart Siciliano (ssiciliano@hamiltonps.com) or 202-822-1205.