The Role of the Federal Reserve

At Home on the Sound presents: The Role of the Federal Reserve, a talk by David Willey.

The Federal Reserve has been defined by controversy in its antecedents, its formation, its evolution and its actions. This talk attempts to link these conflicts and to suggest the Fed will remain both controversial and essential.

David Willey worked at the Federal Reserve Bank of New York in its research, discount window and foreign areas. During his nearly 17 years at the Bank, he played a significant role supporting official measures to limit US capital outflows, monitoring the US Government loan to Lockheed, mitigating effects of the Franklin National Bank failure, and returning Iranian gold and foreign exchange at the end of the hostage crisis.

Refreshments at 3:30, program at 4:00 pm.