How serious is the present turmoil in emerging market economies? Could it become a crisis and lead to a renewed global recession? And how responsible is the Federal Reserve’s unorthodox monetary policy for creating the situation? With the hindsight we have, at least so far, how are we to judge the Fed’s quantitative easing?
In search of answers to these questions and more, R Street’s Alex J. Pollock moderated a March 17 panel, hosted by the American Enterprise Institute, that featuring Olivier Blanchard of the Peterson Institute, former Fed Governor Larry Meyer, Brad Setser of the Council on Foreign Relations and Desmond Lachman of the American Enterprise Institute. Watch the full panel below.