December 14, 2022 Reading Time: < 1 minute

In this video, Kate Wand sat down with AIER Senior Research Faculty Thomas Hogan to discuss the Federal Reserve’s expanding objectives and how they affect its ability to conduct monetary policy.

Dr. Hogan details the Fed’s recent drift into diversity, equity, inclusion, climate policy, a CBDC, and more. He explains how the Federal Reserve harms those it is trying to help by implementing overly politicized missions.

See the full video here.

Thomas L. Hogan

Thomas L. Hogan, Ph.D., is senior research faculty at AIER. He was formerly the chief economist for the U.S. Senate Committee on Banking, Housing and Urban Affairs. He has also worked at Rice University’s Baker Institute for Public Policy, Troy University, West Texas A&M University, the Cato Institute, the World Bank, Merrill Lynch’s commodity trading group and for investment firms in the U.S. and Europe. Dr. Hogan’s research has been published in academic journals such as the Journal of Macroeconomics and the Journal of Money, Credit and Banking. He has appeared on programs such as BBC World News, Stossel TV, and Bloomberg Radio and has been quoted by news outlets including CNN Business, American Banker, and the National Review.

Selected Publications

Bank Lending and Interest on Excess Reserves: An Empirical Investigation,Journal of Macroeconomics, Forthcoming.

The Calculus of Dissent: Bias and Diversity in FOMC Projections,Public Choice 19: 105-135 (2022).

Hayek, Cassel, and the Origins of the Great Depression,” (with Lawrence H. White) Journal of Economic Behavior & Organization, 181: 241-251 (2021).

Has Dodd-Frank Affected Bank Expenses?” (with Scott Burns) Journal of Regulatory Economics, 55(2): 214–236 (2019).

Ben Bernanke and Bagehot’s Rules” (with Linh Le and Alexander William Salter) Journal of Money, Credit & Banking 47(2-3): 333-348 (2015).

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Kate Wand

Kate Wand is a content creator. Her focus is social commentary and filmmaking. She is the host of AIER’s Liberty Curious podcast.

You can follow her on Twitter @katewand.

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