the federal reserve s role in promoting u.s. economic growth and jobs was the focus of a panel discussion today at the new america foundation. panelists included a former associate director in the federal reserve s monetary affairs division who worked on the feds bond purchasing program. the new america foundation and the roosevelt institute cohosted this conference of the future of the federal reserve. to help us explore these issues we will have dean baker of the center for economic and policy research, tim chatman of tim conova of chapman university. we will begin with a presentation by joe gagnon and i will introduce the other panelists after the presentation. joe gagnon senior fellow is an associate director of the division of monetary affairs of the u.s. federal reserve board. prior to that he was associate rector of the division of international finance and senior economist. he is taught has taught at the university of california s school of business. joe if he c