central_bank_governanceepub.jpg

The Hoover Institution hosted "Central Bank Governance & Oversight Reform: A Panel Discussion" on Tuesday, December 6, 2016 from 10:00am - 12:00pm EST. 

A discussion of Central Bank Governance & Oversight Reform was held with economists and former Fed officials Michael Bordo, John Cochrane, Charles Plosser, John Taylor, and Kevin Warsh

Central bank governance and oversight is contentious with conflicting public attitudes and heated debates in Congress about proposed legislation to constrain the Fed's actions and interventions. Successful monetary policy and financial regulation require a careful balance between Fed independence, guidance by statutes limiting and governing the Fed's behavior, and oversight by elected officials.  How should we balance the central bank's authority and independence with needed accountability and constraints?  How can statistical analysis, history and practical experience be used to evaluate proposed legislation, including that which would require the Fed to describe its monetary policy rule or strategy? 

Hoover Institution fellows Bordo, Cochrane, Plosser, Taylor, and Warsh lead off the discussion with presentations which were followed by questions, debate and audience discussion. The presentations were drawn from new book Central Bank Governance & Oversight Reform published Hoover Institution published by Hoover Institution and other writing by Hoover Fellows. 

Upcoming Events

Monday, April 28, 2025
Digital Authoritarianism and Strategies to Promote a Democratic Digital Future
The Hoover Institution Program on the US, China, and the World invites you to Digital Authoritarianism and Strategies to Promote a Democratic Digital… Shultz Auditorium, George P. Shultz Building
Wednesday, April 30, 2025 10:00 AM PT
opinion
How Foreign Speech Restrictions Affect American Free Expression
The sixth session will discuss How Foreign Speech Restrictions Affect American Free Expression with Jacob Mchangama and Eugene Volokh on Wednesday, …
Wednesday, May 7, 2025 10:00 AM PT
military_radar_istock-536058563.jpg
Building Strategic Competence: An Urgent Priority For Government And The Academy
The seventh session will discuss Building Strategic Competence: An Urgent Priority for Government and the Academy with H.R. McMaster and Stephen…
overlay image