Fed's Bernanke at Jackson Hole: AEI economists available for comment
Kevin A. Hassett, John H. Makin, Stephen D. Oliner
August 30, 2012

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"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
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John H.
Makin
  • John H. Makin is a former consultant to the U.S. Treasury Department, the Congressional Budget Office, and the International Monetary Fund. He specializes in international finance and financial markets (stock, bonds, and currencies including the Euro and the U.S. dollar). He also researches the U.S. economy (including monetary policy and tax and budget issues), the Japanese economy, and European economies. He is the author of numerous books and articles on financial, monetary, and fiscal policy. Dr. Makin writes AEI's monthly Economic Outlook.
  • Phone: 202-862-5828
    Email: jmakin@aei.org

  • Assistant Info

    Name: Daniel Hanson
    Phone: 202-862-5883
    Email: daniel.hanson@aei.org
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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
Show More | See Full Profile

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