Pavlina Tcherneva Participates in Press Briefing on Federal Reserve Policy on C-SPAN

Pavlina Tcherneva, president of the Levy Economics Institute at Bard College, contributed to a press briefing aired on C-SPAN ahead of the upcoming 2025 Federal Reserve Annual Jackson Hole Economic Symposium, one of the longest-standing central banking conferences in the world. As the Federal Reserve prepares to convene for the annual Wyoming conference on August 21–23 to discuss the future of monetary policy, Tcherneva examines the need to rethink the policy framework of the Federal Reserve and the necessity of incorporating climate risks to labor markets into their macro modeling. Climate risks are now a “structural force that will impact labor markets,” Tcherneva says. “This is not a one-off event, this is going to be a perennial risk for labor markets, for firms, for business conditions, and the way the macroeconomy functions.” The briefing was organized by Public Citizen, a nonprofit consumer advocacy organization, with the participation of former Federal Reserve governor Sarah Bloom Raskin and US Congressman Sean Casten, Democrat of Illinois. 

The Levy Economics Institute of Bard College is a nonprofit, nonpartisan, public policy research organization that encourages diversity of opinion in the examination of economic policy issues while striving to transform ideological arguments into informed debate.

Post Date: 08-19-2025