Leading economic thinkers, including President Obama’s senior economic advisor Paul Volcker, and vice chairman of the Federal Reserve Donald Kohn, came together to talk about the current financial crisis at the Vanderbilt Owen Graduate School of Management on April 18 for the 22nd annual Financial Markets Research Center Conference.
In his remarks, Volcker said that the U.S. economic recovery will be a “long slog” but that the rate of decline should slow. He added that the U.S. is not in another depression, but, “in a great recession for sure.” He also talked about the outlook for the Federal Reserve’s role as a regulator of financial markets and accounting standards.
Volcker was chairman of the US Federal Reserve from 1979 to1987.
Dozens of current and former members of the Federal Reserve, along with other economic and political heavyweights came to Owen to honor Owen professor and former governor of the Federal Reserve Board Dewey Daane for his 90th birthday. Many of the economic leaders have lectured in Daane’s seminar on monetary and fiscal policy. The Seminar has been in continuous operation since Daane joined the Owen faculty in 1974, after retiring as governor of the Federal Reserve Board.
News stories on the comments Volcker made at Vanderbilt can be seen in the Wall Street Journal, Reuters, Bloomberg, Forbes, the Tennessean and other publications.
Contact: Amy Wolf (615) 322-NEWS
amy.wolf@vanderbilt.edu