Eric Rosengren: Explaining the Federal Reserve

While the US has managed to stave off a recession–at least for the time being–the global economy has nonetheless experienced a rocky couple of years: the collapse of Silicon Valley Bank in the U.S. this spring; the growing impact of artificial intelligence on virtually all industries; inflation in the West and deflation in China, and the subsequent interest rate hikes.  Fortunately, today’s guest on Deciding Factors is a veteran expert who can take us behind the curtain of the Federal Reserve to make sense of these factors and help us assess the state of the US economy. Eric Rosengren is the former president and CEO of the Federal Reserve Bank of Boston, where he also served as a member of the Federal Open Market Committee—the FOMC—which sets policies for the Fed. Listen along as Eric helps explain the processes that the FMOC uses to guide their decision-making, offers a nuanced take on how artificial intelligence will impact the economy and shares why he’s surprised that markets have stayed resilient this year.