Fed's Bernanke at Jackson Hole: AEI economists available for comment

"Bernanke will not make a dramatic announcement at Jackson Hole or hint at a major new initiative like Quantitative Easing (QE) as he did in 2010. Rather he will aim to reiterate the message from the minutes of the last FOMC meeting that absent a substantial and sustained improvement in the pace of recovery, the Fed will take further stimulative steps, probably including holding rates lower for longer--perhaps until 2015 - - and moderate additional purchases of treasury securities and mortgages." – John Makin, AEI

In anticipation of Fed Chairman Ben Bernanke’s Jackson Hole speech, American Enterprise Institute (AEI) economist John Makin is available for comment.  He has written previously about the Fed, addressing three dangerous myths about monetary policy and writing that the central banks have run out of tricks.

John Makin is a former consultant to the US Treasury Department, the Congressional Budget Office, and the International Monetary Fund and can be reached at jmakin@aei.org or through daniel.hanson@aei.org (202.862.5883).

Also available for comment:

Economist Kevin Hassett (khassett@aei.org), director of economic policy studies at AEI and former senior economist at the Division of Research and Statistics, Board of Governors of the Federal Reserve System.

Economist Stephen D. Oliner (stepher.oliner@aei.org), resident scholar at AEI and former senior adviser at the Division of Research and Statistics, Board of Governors of the Federal Reserve System.

For additional help, other media inquiries, or to reserve AEI's in-house TV studio or ISDN facilities, please contact:

TV Jesse Blumenthal jesse.blumenthal@aei.org / 202.862.4870

Radio Michael Pratt michael.pratt@aei.org / 202.862.5823

Print or Web Jesse Blumenthal jesse@aei.org / 202.862.4870, Michael Pratt at michael.pratt@aei.org / 202.862.5823, or Veronique Rodman at vrodman@aei.org / 202.862.4871

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About the Author

 

Kevin A.
Hassett
  • Before joining AEI, Mr. Hassett was a senior economist at the Board of Governors of the Federal Reserve System and an associate professor of economics and finance at the Graduate School of Business of Columbia University, as well as a policy consultant to the Treasury Department during the George H. W. Bush and Clinton administrations. He served as an economic adviser to the George W. Bush 2004 presidential campaign, chief economic adviser to Senator John McCain during the 2000 presidential primaries, senior economic adviser to the McCain 2008 presidential campaign, and economic adviser to the Mitt Romney 2012 presidential campaign.   Mr. Hassett is a columnist for National Review.

  • Phone: 202-862-7157
    Email: khassett@aei.org
  • Assistant Info

    Name: Emma Bennett
    Phone: 202-862-5862
    Email: emma.bennett@aei.org

 

John H.
Makin
  • John H. Makin is a resident scholar at the American Enterprise Institute (AEI) where he studies the US economy, monetary policy, financial markets, corporate taxation and banking. He also studies and writes frequently about Japanese, Chinese and European economic issues.

    Makin has served as a consultant to the US Treasury Department, the Congressional Budget Office, and the International Monetary Fund. He spent twenty years on Wall Street as the chief economist, and later as a principal of Caxton Associates a trading and investment firm. Earlier, Makin taught economics at various universities including the University of Virginia. He has also been a scholar at the Bank of Japan, the Federal Reserve Bank of San Francisco, the Federal Bank of Chicago, and the National Bureau of Economic Research. A prolific writer, Makin is the author of numerous books and articles on financial, monetary, and fiscal policy. Makin also writes AEI's monthly Economic Outlook which pairs insightful research with current economic topics.

    Makin received his doctorate and master’s degree in economics from University of Chicago, and bachelor’s degree in economics from Trinity College.

  • Phone: 202-862-5828
    Email: jmakin@aei.org
  • Assistant Info

    Name: Daniel Hanson
    Phone: 202-862-5883
    Email: daniel.hanson@aei.org

 

Stephen D.
Oliner
  • An economist who joined AEI after a career at the Federal Reserve Board that spanned more than 25 years, Stephen Oliner held a number of high-level positions at the Fed, most recently serving as a senior adviser in the Division of Research and Statistics. He was actively involved in the Fed's analysis of the U.S. economy and financial markets, and his research spanned a wide range of topics, including monetary policy, business capital spending, productivity growth, commercial real estate and the measurement of capital. Concurrent to his position at AEI, Mr. Oliner is a senior fellow at the UCLA Ziman Center for Real Estate. He also maintains an economic consulting practice. 

  • Phone: 202.419.5205
    Email: stephen.oliner@aei.org
  • Assistant Info

    Name: Emily Rapp
    Phone: 202.419.5212
    Email: emily.rapp@aei.org

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Brainwashed: The use and misuse of neuroscience

Join New York Times columnist David Brooks as he engages the authors of “Brainwashed: The Seductive Appeal of Mindless Neuroscience” Sally Satel and Scott Lilienfeld, in a discussion of popular neuroscience.

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The next digital crossroads: Regulating competition in the Internet ecosystem

Please join us for a preview of the revised and updated edition of Jonathan Nuechterlein and Philip Weiser’s influential 2005 book “Digital Crossroads: Telecommunications Law and Policy in the Internet Age” (MIT Press).

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Economic liberty and human flourishing: Perspectives from political philosophy

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Neighborhood watch: A time to lead in the Americas

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Is college worth it?

At this event, Bennett and Wilezol will present their book, higher education finance experts Richard George and Richard Vedder will provide discussion, and a coffee reception and book signing will follow.

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Washington's ongoing assault on free speech: An address by Senate Minority Leader Mitch McConnell

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