We are embedded in the past and the past is embedded in us. If you dont believe it, stay tuned. Welcome to another standing room. Only meeting. The initiative for the science of the human passed at harvard periodically. We hold Public Events and were just beginning to come back to life, really. After the pandemic that share the results of the Different Research groups and laboratories and seminars that participate in this network. At harvard and farther afield. To present to you the learned and general public cultivated public what our findings are and to open them for discussion with all of you. Today we have a really special treat for all of us about a subject that is filled with pain and joy and wrecking mission of the challenges of the human past and of assuming our responsibility as historians, as archeologists and as archaeal scientists to understand the past. However unpleasant it may be, this event is close, sponsored by various departments and programs at harvard, the departme
We are embedded in the past and the past is embedded in us. If you dont believe it, stay tuned. Welcome to another standing room. Only meeting. The initiative for the science of the human passed at harvard periodically. We hold Public Events and were just beginning to come back to life, really. After the pandemic that share the results of the Different Research groups and laboratories and seminars that participate in this network. At harvard and farther afield. To present to you the learned and general public cultivated public what our findings are and to open them for discussion with all of you. Today we have a really special treat for all of us about a subject that is filled with pain and joy and wrecking mission of the challenges of the human past and of assuming our responsibility as historians, as archeologists and as archaeal scientists to understand the past. However unpleasant it may be, this event is close, sponsored by various departments and programs at harvard, the departme
The past couple of months weve seen a lot of efforts with regard to Immigration Reform, in particular to address the situation about the socalled daca kids, the dreamers who were brought here through no fault of their own and are now protected, many of them, through the daca program. But those protections will run out on the 5th of march. In fact, some have lost their protections already. So there is a great impetus and urgency to deal with this program. Ive said from the beginning that in order to establish a longterm resolution and to provide regulatory certainty that a true daca fix must be a bipartisan solution. Over the past year the two big items that this chamber and the congress has dealt with Health Care Reform and tax policy have been done under rules of reconciliation, meaning that if we could get a bare majority of republican votes that would be enough, if we could keep all the republicans together. That is no longer the case with our approach to daca. Were not under rules
From the Hutchins Center somewhere it was canceled he cannot be with us today but he is probably watching on his phone or weighing in on everything i did wrong. But we think the question that the backward looking question our thinking about is how did that policy work . And could be considered conventional policy but one of the questions is given everything that we know that is the right one. Nobody anticipated we would have so many years or no did we think the long one longrun equilibrium the members said they expect to be at 3 that means theres not a lot of room below zero. So when we first conceived of this event may felt this was a discussion that was important because if you Start Talking about this you froze the market so you dont talk about it in public. So we were wrong that fomc members are afraid to talk about it and the number regional on Regional Fed Bank president s including janet yellen herself but it cannot be left to the policymakers are those who make Monetary Policy
Monetary policy. This is part of a conference on inflation hosted by the Brookings Institution center on fiscal and Monetary Policy. Its about an hour. And then were going to move to the next segment, which is really important, because it seems to me that theres a question not only about what we should do, but how we should get there. And it may that be we have something to learn from the canadian experience. So i want to introduce john david murray, who was, for 32 years at bank of canada, 32 or 34, john . 4 years at the bank of canada. Last four as deputy governor. He retired three years ago and is now an academic and a board member. Hes going to talk a little bit about how the bank of canada has come to have a much more organized process about reviewing the framework. And then the president of the Federal Reserve bank of boston, who has been thinking about just that question, is going to respond. So, john . Is this mic on . Thank you. There should be a power point that accompanies t