• Tue. Mar 21st, 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-individual forums at the Monterey Conference Center this spring. (James Herrera/Monterey Herald)

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

The guest list for the 1st of a series of 4 lectures this year consists of 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 Price range 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, getting into its 26th season, was forced by COVID-19 security restrictions to go to an on the net 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 person lectures can be bought for $one hundred by calling the Panetta Institute at 831-582-4200.

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

“Whether at the grocery retailer, the gas station, the bank, or on Wall Street,  Americans are worried about financial stability, the effect of an financial slowdown and the threat of recession,” stated Panetta, the former Secretary of Defense and White Property Chief of Employees in a press release. “In an try to combat inflation, the Federal Reserve has aggressively improved interest prices, but greater costs persist. At the exact same time, the economy is increasing, unemployment is low and buyers are obtaining.

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

Panetta will stick to the forum’s classic format of asking the panelists inquiries, like these generated by the audience and a panel of nearby media members.

Panetta named his guests “some of today’s major financial professionals.”

Boskin is recognized for his study on planet financial development, tax and 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 Financial Advisers from 1989 to 1993, when he helped resolve the Third Globe Debt and Savings and Loan economic crises.

MacGuineas is an professional on price range, tax and financial policy. As a major price range professional for the previous 20 years and a political independent, MacGuineas operates closely with members of each parties and serves as a resource on Capitol Hill. MacGuineas worked at the Brookings Institution and on Wall Street.

Romer is a single of the world’s major financial scholars according to the Insititute. An professional in financial history and macroeconomics, Romer is most effective identified for her function on the causes of the Excellent Depression, the subsequent recovery, and the conduct and effects of monetary and fiscal policy. She has also researched the effects of financial development 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 Financial Advisers. In that part, she helped formulate the response to the 2008 economic crisis and the subsequent recession.

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

Amongst the inquiries Panetta says he will pose are: will assistance for banks stabilize? Can Republicans and Democrats come with each other to address the debt ceiling with no causing a default that will place the economy at higher threat? How can we address spending priorities like the student debt relief, infrastructure and the war in Ukraine although becoming mindful of the effect on the national debt and the deficit?