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11_10 Forum Financial Stability Factors and the Severity of the Current Recession

On Tuesday, November 10th at 4:00pm ET, join the Institute of Politics and Mossavar-Rahmani Center for Business and Government for the annual Robert Glauber Lecture delivered by Eric Rosengren, President of the Federal Reserve Bank of Boston, with Professor Roger Porter, IBM Professor of Business and Government at Harvard Kennedy School, moderating.

The recent Federal Open Market Committee statement indicates the Committee’s intention to keep interest rates at the current low level, until the Federal Reserve Board 2 percent inflation target has been achieved. This reflects concerns with the low, below-target inflation rate over the previous decade. A potential cost of this policy would be the incentives that low interest rates create for households and firms to take on more leverage and more risk. In the United States, the corporate sector was more leveraged in early 2020, at least by some measures, than at the beginning of previous recessions. Rosengren will discuss the ramifications of low interest rate policies, the impact on leverage, and the resulting consequences in economic downturns – based on the U.S. experience in the current recession.

This lecture is made possible with the generous support of Financial Industry Regulatory Authority (FINRA), formerly known as the National Association of Securities Dealers (NASD).

Nov 10, 2020 04:00 PM in Eastern Time (US and Canada)