• Tue. Mar 28th, 2023

Panetta Lecture Collection opens by speaking about financial system – Monterey Herald


Mar 18, 2023

The 2023 Leon Panetta Lecture Collection will return to stay, in-person boards on the Monterey Convention Middle this spring. (James Herrera/Monterey Herald)

The financial system and inflation would be the primary speaking factors because the Leon Panetta Lecture Collection, identified for bringing nationwide leaders, coverage specialists and journalists to the Monterey Peninsula, returns to a stay format from the Monterey Convention Middle on March. 27.

The visitor record for the primary of a sequence of 4 lectures this yr consists of Michael Boskin, a professor of economics and senior fellow at Stanford College’s Hoover Establishment,  Maya MacGuineas, president of the Committee for a Accountable Federal Finances; and Christina Romer, the Garff B. Wilson Professor of Economics on the College of California, Berkeley. Additionally among the many friends will likely be journalist John Harwood.

The sequence, coming into its twenty sixth season, was compelled by COVID-19 security restrictions to go to an internet video format in 2020. This season it returns to its unique format with ticket holders welcome to view the occasion stay on the convention middle. Tickets for particular person lectures will be bought for $100 by calling the Panetta Institute at 831-582-4200.

This yr’s premiere lecture is entitled “The Financial system and Inflation – Can We Keep away from a Recession?”

“Whether or not on the grocery retailer, the gasoline station, the financial institution, or on Wall Avenue,  People are frightened about financial stability, the influence of an financial slowdown and the specter of recession,” mentioned Panetta, the previous Secretary of Protection and White Home Chief of Employees in a press launch. “In an try to fight inflation, the Federal Reserve has aggressively elevated rates of interest, however larger costs persist. On the similar time, the financial system is rising, unemployment is low and shoppers are shopping for.

“Will there be a ‘smooth touchdown’ or a ‘recession?’”

Panetta will comply with the discussion board’s conventional format of asking the panelists questions, together with these generated by the viewers and a panel of native media members.

Panetta referred to as his friends “a few of at the moment’s main financial specialists.”

Boskin is acknowledged for his analysis on world financial development, tax and finances principle and coverage, saving and consumption patterns, and the implications of adjusting expertise and demography on capital, labor and product markets in keeping with the Panetta Institute. He was chairman of the President’s Council of Financial Advisers from 1989 to 1993, when he helped resolve the Third World Debt and Financial savings and Mortgage monetary crises.

MacGuineas is an professional on finances, tax and financial coverage. As a number one finances professional for the previous 20 years and a political impartial, MacGuineas works carefully with members of each events and serves as a useful resource on Capitol Hill. MacGuineas labored on the Brookings Establishment and on Wall Avenue.

Romer is likely one of the world’s main financial students in keeping with the Insititute. An professional in financial historical past and macroeconomics, Romer is greatest identified for her work on the causes of the Nice Melancholy, the following restoration, and the conduct and results of financial and monetary coverage. She has additionally researched the consequences of financial development and inflation, and the consequences of tax cuts on personal funding and authorities spending. From January 2009 till September 2010, she served as chair of President Obama’s Council of Financial Advisers. In that function, she helped formulate the response to the 2008 monetary disaster and the following recession.

Harwood is a Pulitzer Prize-winning journalist and broadly revered professional in presidential politics. He has served as a White Home correspondent for CNN and chief Washington correspondent for CNBC.

Among the many questions Panetta says he’ll pose are: will help for banks stabilize? Can Republicans and Democrats come collectively to handle the debt ceiling with out inflicting a default that may put the financial system at higher threat? How can we deal with spending priorities like the scholar debt reduction, infrastructure and the conflict in Ukraine whereas being aware of the influence on the nationwide debt and the deficit?

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