Alan Greenspan to Headline Third Bipartisan Financial Regulatory Roundtable on Role of the Federal Reserve

Wednesday, May 20, 2009

Washington, D.C. – Chairman Paul Kanjorski (D-PA) and Ranking Member Scott Garrett (R-NJ) of the U.S. House of Representatives Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, announced today that they will host an educational roundtable on Wednesday, May 20, 2009, with guest speakers Dr. Alan Greenspan, President of Greenspan Associates, LLC and former Chairman of the Federal Reserve, and Dr. Alan Blinder, Professor of Economics and Public Affairs at Princeton University.

This is the third in a series of roundtables presented by the Bipartisan Policy Center (BPC) intended as interactive, bipartisan forums for members of the Subcommittee to examine topics related to the current U.S. financial crisis and discuss possible solutions. This particular forum will cover the role of the Federal Reserve System. Previous forums have focused on the cause of the recent economic downturn, as well as systemic risk.

“Dr. Greenspan and Dr. Blinder will be able to provide valuable insight on their thoughts on the economic crisis and the role of the Federal Reserve. Today’s guest speakers have an incredible amount of experience and knowledge on financial issues that they can pass on to Members,” said Chairman Kanjorski. “As the third in a series of roundtable discussions that I am holding with Congressman Garrett and the Bipartisan Policy Center, I hope that Members on both sides of the aisle will participate in an open and constructive discussion about how we can work together to address the financial crisis.”

“I look forward to hearing from Chairman Greenspan and Dr. Blinder,” said Ranking Member Garrett. “I know their thoughts on the role of the Federal Reserve will be enlightening for the Members of our subcommittee, especially as we go about considering the future of the Federal Reserve in the regulatory reform process. I would like to commend Chairman Kanjorski on his leadership in helping bring this bipartisan coalition of Members together, and I look forward to a rigorous and thorough debate among my colleagues.”

Dr. Greenspan is the President of Greenspan Associates, LLC. He was Chairman of the Federal Reserve from 1987 to 2006, serving the second-longest tenure in history. He was first appointed Chairman by President Ronald Reagan in August 1987 and reappointed for five terms until his retirement in January 2006. Previously, from 1974 to 1977, he was Chairman of the Council of Economic Advisers under President Gerald Ford.

Dr. Blinder is the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs at Princeton University. He is the founder and co-director of Princeton’s Center for Economic Policy Studies, as well as Vice Chairman of the Promontory Interfinancial Network. Previously, from June 1994 until January 1996, Dr. Blinder served as Vice Chairman of the Board of Governors of the Federal Reserve and earlier was a Member of President Clinton’s Council of Economic Advisors from January 1993 to June 1994.

Future roundtables will continue to examine topics under the subcommittee’s jurisdiction and will include presentations from prominent financial experts in the public and private sectors. All roundtables are closed to the public and the press.

Eileen McMenamin, Director of Communications

(202) 379-1633

emcmenamin@bipartisanpolicy.org
2009-05-20 00:00:00
Congressmen Paul Kanjorski and Scott Garrett host forum with discussion from Greenspan and Princeton University’s Alan Blinder