By Matthew Kredell
USC Price School of Public Policy Professor Raphael Bostic returned to campus for the first time since taking leave to assume the role of president and CEO of the Federal Reserve Bank of Atlanta, joining Dean Jack H. Knott for a discussion on the state and direction of the U.S. economy, issues of opportunity and inequality, and good governance.
Knott began the Feb. 5 conversation by asking Bostic – the first African-American to serve as president of a Fed regional bank – to explain what the Fed does. In response, Bostic admitted that perhaps few people understand.
Just when you thought the economy was the only good news you could count on, the stock market took a dive on the heels of Janet Yellen’s exit from the Federal Reserve. Suddenly, Americans everywhere wondered whether the volatility and uncertainty in Washington had finally caught up with the long, steady recovery stretching from those dark days in 2009. Should we be worried? Who’s looking out for the economy? And do they have a plan for the risks that await us in 2018 and beyond?
In this episode, USC Price School Dean Jack H. Knott interviews Atlanta Fed President Raphael W. Bostic on the state of the economy and the forces that keep it humming along.
To listen to this episode of Our American Discourse, click the arrow in the player here. Or download it and subscribe through ApplePodcasts, Soundcloud, Google Play, Stitcher, or your favorite podcasting app – click the links or search “usc bedrosian.”
Read Raphael Bostic’s last post in our partnership with Home Matters.
We have a long history of mobility. It’s one of the advances that set the New World apartfrom the Old. Our founders wanted us to move. They didn’t want us confined to the class we were born into or the name we were given or the land our parents could bestow on us. They wanted us to set out across this vast continent, and they didn’t want us to settle until we found a home we could call our own.
We are pleased to congratulate Professor Raphael Bostic on his appointment as president of the Federal Reserve Bank of Atlanta. This appointment is felt by our community as both as a significant gain for the Federal Reserve and the southeastern region (given Raphael’s combination of policy experience, government service, and his distinguished academic record) and…