Timely Topics

Sungki Hong, an economist at the Federal Reserve Bank of St. Louis, talks about which occupations may be more affected by automation than others; what motivates firms to automate jobs; and the many forms automation may take, including machines, programs and self-driving cars.

“In order to understand the portraits that we’re providing to the American people, we need to understand the viewpoints of the American people. And that means a diverse view of the American people,” says Lucia Foster, chief economist at the U.S. Census Bureau and chief of the Center for Economic Studies.

The Federal Reserve is currently undertaking a review of its monetary policy framework. Why is the Fed doing this review? What does it entail? What will policymakers do with the information gathered? St. Louis Fed President James Bullard addresses these and related questions.

Ray Boshara—senior adviser and the director of the Center for Household Financial Stability at the St. Louis Fed—talks about the Center's first five years, its purpose and its future. He discusses lessons learned when looking from a balance sheet perspective at the recovery following the Great Recession.

“I think we're on the precipice of change partly because there's increasing awareness of this issue within economics,” says Martha Olney, University of California Berkeley professor. She talks about why she mentors and how former Berkeley undergrad Alice Wu’s thesis took the profession by storm.

B. Ravikumar, senior vice president at the St. Louis Fed, talks about the role international trade plays in cross-country income differences. He discusses the study of economic development, who wins and who loses in trade, barriers to trade and more.

“I was born in a different country, and that colored my life experience,” says Carmen Reinhart, Harvard professor, about her decision to study international economics. She discusses the male-dominated field of finance and explains how she approaches economics with a detective’s frame of mind.

“You can't work for the central bank without understanding how the principles of economics come to bear on everything we do,” says Esther George, president of the Federal Reserve Bank of Kansas City. George discusses her background in banking, growing up in rural Missouri and how she expanded the role of women at the Jackson Hole Symposium.

“I’ve really enjoyed feeling like I’m making an impact at an historical time in the Federal Reserve System,” says Jane Ihrig, associate director of the monetary affairs division at the Federal Reserve Board of Governors. Ihrig discusses her education, her work in the economics field and her monetary policy work on the Council of Economic Advisers during the 2008 financial crisis.

“What I'm trying to do is add value … really try to get to understand what someone's thinking, why they're doing what they're doing, where they're heading next,” says Kathleen Hays, the global, economics and policy editor for Bloomberg Television and Radio, about her economics education and its role in her prestigious business reporting career. She also discusses business and journalism changes over her three decades in the reporting field—and whom she’d like to interview next.