Inside a Federal Reserve Dominated Monetary Policy Conference

On Friday, I attended the by invitation only "Strategies For Monetary Policy: A Policy Conference"  held at the Hoover Institution on the campus of Stanford University.

This conference is fast becoming a more important conference for those concerned about the U.S. economy and monetary policy than Davos.

Everyone was there:

* Richard Clarida, Vice Chair, Federal Reserve Board
* John Williams, President, Federal Reserve Bank of New York
* Michelle Bowman, Governor, Federal Reserve Board
* James Bullard, President, Federal Reserve Bank of St. Louis
* Mary Daly, President, Federal Reserve Bank of San Francisco
* Robert Kaplan, President, Federal Reserve Bank of Dallas
* Loretta Mester, President, Federal Reserve Bank of Cleveland
* Former Treasury Secretary George Shultz (98), Hoover Institution
*  Kenneth Rogoff, Harvard University
*  John Taylor (of the Taylor Rule)

I will be reporting what I learned at the conference all day Monday here at EPJ and I will take a deep dive analysis of what I learned and what it means for the economy in Monday's EPJ Daily Alert.

Here at EPJ, my coverage will include video of my exclusive interview with the still sharp as a tack, at 98-years-old, former Treasury Secretary George Shultz.

And a report on when one conference participant expects the U.S. to become cashless.

Also, a report on the whispers that a George Mason University economist may be under consideration by the Trump Administration for a Fed post.

In the ALERT, I will report on the direction that Fed monetary policy is heading, why it could lead to disaster and the "Freudian slip" one Fed president made at the conference that provides a clue as to what actions the Fed might take next.

-RW