At the meeting, participants discussed the 2008 report on matters confronting the Federal Open Market Committee (FOMC). The report, entitled "Leveraged Losses: Lessons from the Mortgage Market Meltdown" examines the implications of the recent financial market turmoil for central banks.
Over 100 participants attended this year's conference
The conference featured, among others, several members of the Federal Reserve System who offered their thoughts on the report, as well as on other related topics. Commenting on the paper, "Leveraged Losses: Lessons from the Mortgage Market Meltdown" were:
- Eric Rosengren, Federal Reserve Bank of Boston
- Charles Evans, Federal Reserve Bank of Chicago
- William Poole, Federal Reserve Bank of St. Louis
- Stephen Cecchetti, Rosenberg Professor of Global Finance & Co-Chair of the conference
A luncheon presentation by Vincent Reinhart of The American Enterprise Institute explored the communication of U.S. Monetary Policy. The afternoon concluded with a panel discussion entitled: "Balancing Financial Stability, Price Stability, and Macroeconomic Stability: How Important is Moral Hazard?"