After the Bailout: The Rise of Inflation?

Governments from around the world have responded to the global financial meltdown with bank bailouts, lower interest rates and unprecedented financial stimulus packages - but what are the long-term consequences of these interventions?

The Fed has lowered interest rates to virtually 0%, and leaders from Washington to Beijing have already committed trillions in bailouts and stimulus packages, with a final price tag that could exceed $10 trillion. Few have ventured to predict what the longer term economic consequences may be from such an unprecedented rescue effort. Some commentators suggest that these monetary and fiscal policies will ignite runaway inflation once the economy turns around, while others discount this possibility, focusing instead on the possibility of deflation, placing their faith in the inflation-fighting discipline of the Federal Reserve.

Come join the World Affairs Council for an engaging discussion from a panel of leading economic and financial experts, as they assess what the global economic and monetary landscape will look like following the global recession.

Speakers:

Michael Hasenstab, Senior Vice President, Co-Director & Portfolio Manager, Franklin Templeton Fixed Income Group

Lenny Mendonca, Director, McKinsey & Company; Chairman, McKinsey Global Institute