• Mon. Mar 20th, 2023

Panetta Lecture Series opens by speaking about economy – Monterey Herald


Mar 18, 2023

The 2023 Leon Panetta Lecture Series will return to reside, in-specific particular person forums at the Monterey Conference Center this spring. (James Herrera/Monterey Herald)

The economy and inflation will be the main speaking points as the Leon Panetta Lecture Series, identified for bringing national leaders, policy authorities and journalists to the Monterey Peninsula, returns to a reside format from the Monterey Conference Center on March. 27.

The guest list for the really very first of a series of four lectures this year incorporates Michael Boskin, a professor of economics and senior fellow at Stanford University’s Hoover Institution,  Maya MacGuineas, president of the Committee for a Accountable Federal Value variety and Christina Romer, the Garff B. Wilson Professor of Economics at the University of California, Berkeley. Also amongst the guests will be journalist John Harwood.

The series, acquiring into its 26th season, was forced by COVID-19 safety restrictions to go to an on the internet video format in 2020. This season it returns to its original format with ticket holders welcome to view the occasion reside at the conference center. Tickets for particular person lectures can be purchased for $a single hundred by calling the Panetta Institute at 831-582-4200.

This year’s premiere lecture is entitled “The Economy and Inflation – Can We Avert a Recession?”

“Whether at the grocery shop, the gas station, the bank, or on Wall Street,  Americans are worried about monetary stability, the impact of an monetary slowdown and the threat of recession,” stated Panetta, the former Secretary of Defense and White Home Chief of Personnel in a press release. “In an attempt to combat inflation, the Federal Reserve has aggressively enhanced interest rates, but bigger prices persist. At the related time, the economy is expanding, unemployment is low and shoppers are acquiring.

“Will there be a ‘soft landing’ or a ‘recession?’”

Panetta will stick to the forum’s typical format of asking the panelists issues, which contains these generated by the audience and a panel of regional media members.

Panetta recognized as his guests “some of today’s main monetary authorities.”

Boskin is recognized for his investigation on planet monetary improvement, tax and spending price range theory and policy, saving and consumption patterns, and the implications of altering technologies and demography on capital, labor and item markets according to the Panetta Institute. He was chairman of the President’s Council of Economic Advisers from 1989 to 1993, when he helped resolve the Third Planet Debt and Savings and Loan monetary crises.

MacGuineas is an specialist on spending price range, tax and monetary policy. As a main spending price range specialist for the prior 20 years and a political independent, MacGuineas functions closely with members of every single parties and serves as a resource on Capitol Hill. MacGuineas worked at the Brookings Institution and on Wall Street.

Romer is a single specific of the world’s main monetary scholars according to the Insititute. An specialist in monetary history and macroeconomics, Romer is most successful identified for her execute on the causes of the Fantastic Depression, the subsequent recovery, and the conduct and effects of monetary and fiscal policy. She has also researched the effects of monetary improvement and inflation, and the effects of tax cuts on private investment and government spending. From January 2009 till September 2010, she served as chair of President Obama’s Council of Economic Advisers. In that function, she helped formulate the response to the 2008 monetary crisis and the subsequent recession.

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

Amongst the issues Panetta says he will pose are: will help for banks stabilize? Can Republicans and Democrats come with every single other to address the debt ceiling without having the want of causing a default that will spot the economy at larger threat? How can we address spending priorities like the student debt relief, infrastructure and the war in Ukraine when acquiring mindful of the impact on the national debt and the deficit?

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