CFP^®, CIMA^®, CPWA^®, CIMC^®, and RMA℠ Eligible

Duration: 1 hour and 30 minutes

Option 1: Monday, February 1^st at 12:00pm ET

Option 2: Wednesday, March 3^rd at 12:00pm ET

Option 3: Tuesday, April 6^th at 12:00pm ET

This session will be interactive with discussion and breakout rooms.

Course Description

Central banks have come to be regarded as the “only game in town” for economic policy-making: note the role of central banks in 2020, in response to the Covid-19 pandemic. But what are these curious institutions, where did they come from, and where are they going? More especially, what does it mean when we say that a central bank is or is not “independent” from the rest of government? This session analyzes these and related issues by walking through the history and policies of central banking, with a focus on the U.S. Federal Reserve System, the European Central Bank (and its predecessors), and the People’s Bank of China. It also discusses what the Fed especially has done in response to the Covid-19 pandemic and what we can expect from the central bank in light of a substantially changed political environment.