Christina Romer

Christina Romer, Former Chair of the President's Council of Economic Advisors, and Brian Sack, Former Executive VP of the Federal Reserve Bank of New York, discuss the Federal Reserve's upcoming 2025 review of its monetary policy framework. They explore how the challenges of the past few years, such as COVID-19 and supply chain issues, have impacted policy effectiveness. The conversation highlights the need for adaptable strategies, critiques previous inflation responses, and suggests improvements in communication and implementation for future monetary policy.

Christina Romer, a leading economist and former chair of President Obama's Council of Economic Advisors, dives deep into the lessons learned from past economic crises. She compares the COVID-19 pandemic's impacts with those of the Great Depression and the 2008 recession. Romer discusses the necessity of federal support during downturns and emphasizes the importance of historical insights for future recovery strategies. She also highlights the dynamic nature of the U.S. economy and the importance of optimism amid ongoing challenges.

In this engaging discussion, Gary Cohn, former head of Trump’s National Economic Council, and Christina Romer, economist and former CEA chair under Obama, dive into the implications of the $2 trillion aid package. They explore its effectiveness amidst the pandemic, the balance between immediate relief and long-term economic stability, and the complexity of funding allocations. Austin Goolsbee and Glenn Hubbard contribute insights on the CARES Act and its challenges. The conversation highlights the urgency for fiscal responsibility while addressing public health concerns and community impacts.