|Date:||Friday, May 24, 2019|
|Time:||7:30‑9 a.m. CT
|Location:||Hilton Memphis Hotel
939 Ridge Lake Blvd.
Memphis, Tenn. 38120 (map it)
The Sustainability of the National Debt
The federal debt of the United States stands at $22 trillion. This is a number that has more than doubled since the Great Recession, and it is projected to go much higher. But just how high can it go? What are the economic consequences of a growing national debt?
Economist David Andolfatto will discuss some of the conventional views about national debt and suggest that a high level of government debt in the U.S. is not likely to be a problem. Andolfatto, a senior vice president at the Federal Reserve Bank of St. Louis, will also address the critical role that the supply of government debt plays in the functioning of financial markets.
Douglas Scarboro, senior vice president and regional executive of the Memphis Branch, will give an overview of the Federal Reserve, introduce Andolfatto and facilitate a Q&A following his presentation.
A complimentary breakfast and free onsite parking are available.
There is no cost to attend, but registration is required by May 20.
Questions? Contact Joann Harris of the Memphis Branch at Joann.Harris@stls.frb.org or 901-531-5101.