Recession Looms: Are We Up the Creek Without A Paddle?

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Presenter: Stephanie Kelton, Ph.D.

The U.S. economy is headed into its seventh year of expansion. How long can the recovery continue before the next recession comes? Have policymakers learned the lessons of the Great Recession, and what can we expect from the Federal Reserve and the new Administration? We’ll take a close look at the economic landscape and consider how a new approach to fiscal and monetary policy might extend the recovery and bring new opportunities to investors.

Learning Objectives
By the end of the session, attendees will be able to assist clients in:

  • Gain a deeper understanding of the limits to economic growth.
  • Learn the limits of central bank (Fed) policies like: zero interest rate policy (ZIRP), quantitative easing (QE) and nominal gross domestic spending (NGDP) targeting.
  • Know with greater clarity the way in which federal budget outcomes (deficits or surpluses) affect non-government balance sheets.
Dr. Stephanie Kelton - Professor of Economics, University of Missouri-Kansas City

Stephanie Kelton, Ph.D.
Professor of Economics, University of Missouri-Kansas City

Stephanie Kelton, Ph.D. is Professor of Economics at the University of Missouri-Kansas City. She served as Chief Economist on the U.S. Senate Budget Committee (minority staff) in 2015-2016 and then became the Senior Economic Advisor to the Bernie Sanders 2016 presidential campaign. She was the Founder and Editor-in-Chief of the top-ranked blog New Economic Perspectives and a member of the TopWonks network of the nation’s best thinkers. In 2016, POLITICO recognized her as one of the 50 people across the country who is most influencing the political debate. Her book, The State, The Market and The Euro (2001) predicted the debt crisis in the Eurozone, and her subsequent work correctly predicted that: (1) Quantitative Easing (QE) wouldn’t lead to high inflation; (2) government deficits wouldn’t cause a spike in U.S. interest rates; (3) the S&P downgrade wouldn’t cause investors to flee Treasuries; (4) the U.S. would not experience a European-style debt crisis.

She is a regular commentator on national radio and broadcast television.

Stephanie consults with policymakers, investment banks and portfolio managers across the globe. Her research expertise is in: Federal Reserve operations, fiscal policy, social security, international finance and employment policy.