● Finishing the Inflation Job and New Challenges for Monetary Policy
Michael D. Bordo (editor), et al.
Summary via publisher (Hoover Institution Press)
How should the Fed finish the inflation-reduction job and prepare for the changing world ahead? And exactly how did one of Hoover’s most influential living economists assist scholars in thinking about where we go from here? Finishing the Inflation Job and New Challenges for Monetary Policy collects essays and discussions from the annual Hoover Institution Monetary Policy Conference, held on May 9, 2025, exploring these themes and considering other big-picture issues that affect monetary policy in this volatile international environment. Each year, the conference brings together academics, policymakers, media members, and others to consider the issues affecting monetary policy, both in the United States and worldwide. In the chapter sharing her welcoming remarks to the conference, Hoover Director Condoleezza Rice sets the tone, stating that the United States is “experiencing an avalanche of uncertainty,” with everything about the international order in question, including the United States’ role in it.