Events | Economic Growth

Transparency in the Federal Reserve

Date: July 15, 2009

The second in a series of forums presented by the EPI Bailout Analysis Project

This forum examined the Federal Reserve’s role in addressing the financial crisis, its exploding balance sheet, and its penchant for secrecy — which is now coming under increasing fire.  Our special guest was Sen. Bernie Sanders of Vermont, a longtime advocate for greater transparency in the central banking body. Sen. Sanders opened the event at 9:30 a.m. with a look at efforts in the Senate to open the Fed’s books.
[Watch videos below.]

Keynote speaker:
Bernie Sanders, U.S. Senator from Vermont

Jon Faust, director of the Center for Financial Economics at Johns Hopkins University and a high-level Fed economist for nearly two decades

George Goehl, executive director of National People’s Action, a grassroots organization that convinced the Fed Chairman to hold field hearings across the country this summer

William Greider, veteran journalist and author whose 1987 book on the Federal Reserve, Secrets of the Temple, is still in print and more relevant than ever

Dean Baker, co-director of the Center for Economic and Policy Research, who has written extensively about the housing bubble and the Federal Reserve’s failure to take action to prevent it

Moderated by:
Nancy Cleeland, Director, EPI Bailout Analysis Project

Watch highlights from this event

[Click here to play video]

Click here to watch video (Flash Video)
[34 minutes]

Watch Sen. Bernie Sanders’ keynote address

[Click here to play video]

Click here to watch video (Flash Video)

Download high-resolution version
[20 min. 44 sec.; 477 MB; Apple QuickTime MOV format]

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See related work on Financial markets | Economic Growth

See more work by Nancy Cleeland