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Virtual – The Fed Gambit: Playing Chicken with the Labor Market and Inflation
Wed, September 21 12:00 am - 1:15 pm
Two months ago fears of a recession abounded, with many wondering if that was going to slow or stop the Fed rate hiking cycle. Those fears have abated as the job market shows no signs of slowing and demand for housing and autos continue to outstrip supply. While inflation looks like it has peaked, it is still well above the Fed’s 2% target. This means the Fed is going to have to keep tightening with a high risk that they have to overdo it to maintain their inflation fighting credibility. Our speaker Gerald Cohen, Chief Economist of the Kenan Institute of Private Enterprise, will discuss these challenges and what this means for businesses and investors.
Gerald Cohen, Chief Economist, Kenan Institue of Private Enterprise
Gerald provides strategic vision and leadership of the translational economic research and policy initiatives at the Institute.
He has worked in both the public and private sectors focusing on the intersection between financial markets and economic fundamentals. During the Obama Administration Gerald was Deputy Assistant Secretary for Macroeconomic Analysis at the U.S. Department of Treasury where he helped formulate and evaluate the impact of policy proposals on the U.S. economy. Prior to Treasury, he co-managed a global macro fund at Ziff Brothers Investments.
Gerald holds a B.S. from the Massachusetts Institute of Technology and a Ph.D. in Economics from Harvard University and is a contributing author to 30-Second Money as well as a co-author of Political Cycles and the Macroeconomy.