Prospects for future American economic growth are uncertain. While technological advances, especially in artificial intelligence, are likely to result in rapid future growth, recent economic, demographic, social and political trends will negatively impact U.S. economic expansion. As the United States recovers from the COVID-19 pandemic and historically high inflation rates, it must also deal with challenges such as unsustainable fiscal policy related to demographic changes, unwinding some of the effects of globalization, the impacts of innovation on the economy and the labor market, a faltering education system, competition from abroad, increasing inequality, and other challenges.
At this event, Robert Kaplan explored the challenges and opportunities facing the United States economy. Kaplan is a former president and CEO of the Federal Reserve Bank of Dallas.
This event was sponsored by the Baker Institute Center for Public Finance and funded by a generous gift from Brown Brothers Harriman.
About Brown Brothers Harriman: BBH is a privately held financial institution that has been a thought leader and solutions provider for over 200 years. Independent, selective, and specialized by design, the firm provides private banking, investment management, and investor services. BBH’s culture of accountability fosters deep and lasting relationships built on commitment, adaptability and trust. BBH operates its global business through 17 offices in the U.S., Europe and Asia.
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Agenda
6:00 pm — Presentation
Registration
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Participants
Welcome
John W. Diamond
Edward A. and Hermena Hancock Kelly Fellow in Public Finance and Director, Center for Public Finance
Introduction
Scott Clemons, CFA
BBH Partner and Chief Investment Strategist
Featured Speaker
Robert Steven Kaplan served as the President and CEO of the Federal Reserve Bank of Dallas from 2015 to 2021. In this role he represented the Eleventh Federal Reserve District on the Federal Open Market Committee in the formulation of U.S. monetary policy. Kaplan was previously the Martin Marshall Professor of Management Practice and a Senior Associate Dean at Harvard Business School. Prior to joining Harvard, Kaplan was Vice Chairman of the Goldman Sachs Group with global responsibility for the firm’s investment banking and investment management divisions. He serves as Chairman of Project A.L.S. and Co-Chairman of the Draper Richards Kaplan Foundation and has authored three books on leadership.
