Sometimes when you are a conference and panel, it is like bringing friends together, and this is one case like that. Onhave real friends of nabe the dais today. Pleased to have Doug Elmendorf with us, dean of the kennedy school, professor of Public Policy and as all of you the cbo. T director of he has been in front of us many times and we always find his views and positions extremely and lightning. It is wonderful to have doug with us. It is also good to have Clint Humbert with us, glenn of financeh us, dean and economics at Columbia Business School and the past chair of the cba under george w. Bush. Finally, our moderate moderator who is ceo and president of the peterson ambition. Michael oversees stratus he strategy for the foundation and looking at the key fiscal policy challenges that we all face. Michael and the foundation are longtime supporters and back backers and we are delighted to have you. Over to you, michael. Michael thank you. The peer found Peterson Foundation is very
His work on consumers very when i was a grad student in 1980. He told us with work on price indices. Welfare,elong on wellbeing, and health have been major contributions to the thismic literature area decade, as the rest of us became attuned to any quality the world, these contributions has guided Public Policy descriptions and debates. Rising morbidity and mortality in midlife alone white americans in the First Century resonates strongly in the political environment. A warm greeting to sir angus deaton [applause] deaton good afternoon. Its a real preserve to be here. For that wonderful introduction. I think of myself as someone who is gotten on with what i am working on. Delighted that so many people are interested in this. Ive been thinking about inequality since i was a graduate student in the 1960s. One of the things i appreciate about the current environment is hasextent to which it become a serious manner of debate across the political spectrum. Lets we start with a few facts and
Sometimes when you are a conference and panel, it is like bringing friends together, and this is one case like that. Onhave real friends of nabe the dais today. Pleased to have Doug Elmendorf with us, dean of the kennedy school, professor of Public Policy and as all of you the cbo. T director of he has been in front of us many times and we always find his views and positions extremely and lightning. It is wonderful to have doug with us. It is also good to have Clint Humbert with us, glenn of financeh us, dean and economics at Columbia Business School and the past chair of the cba under george w. Bush. Finally, our moderate moderator who is ceo and president of the peterson ambition. Michael oversees stratus he strategy for the foundation and looking at the key fiscal policy challenges that we all face. Michael and the foundation are longtime supporters and back backers and we are delighted to have you. Over to you, michael. Michael thank you. The peer found Peterson Foundation is very
[inaudible conversations] well, were going to move straight on. Im very, very pleased to introduce our panel on discalling [inaudible] you know, sometimes when youre organizing a nabe conference and panel, its like bringing friends together. And this is one case like that. We have real friends of nawe on the dais today. I wont belabor their introductions, but were very pleased to have Doug Elmendorf with us today, isas all of you know, past director of the cbo. Hes been in front of us many times, we always find his views and positions extremely enlightening. Its wonderful to have doug is us. And its also good to have Glenn Hubbard with us who is dean of, dean of the russell sorry, dean and Russell Carlson professor of finance and economics at the Columbia Business School and is the past, past chair of the cea under george w. Bush. And finally, we have our moderator, michael peterson, president and coo of peterson foundation. Michael oversees strategy for the foundation and looking at t
Im going to be interested in the contrast between Monetary Policy and the skinny budget. The first budget from the Trump Administration, it will be fascinating to see. Alix and dynamic scoring. Here is where we are stacked up. 2. 5 hours before the open in the u. S. Equities softer, s p futures off. 10year yield on the margin, the basis point down. 1 ascatching a bid, up 1. The pound recovers. Europound was down for a while and is now reversing. Im taking a look at where volatility is nowhere, up by just. 5 . Goldman sachs says buy copper and oil, market not listening. A 60 losing streak, the longest since november. Kicking off this big week for Central Banks, our guests. To me, the big question is 2018. It shows the possible rate hikes the markets are expecting. For 2018, we are just over to michael. What is it going to take for the fed to move that line . Its going to take more clarity on the fiscal front. An interesting disconnect is it being pulled up on fiscal but not expecting th