Failed Mandate: Biden's 40 Year High Inflation Focus of ASU Presentation

SAN ANGELO – Thomas L. Hogan, a senior fellow at the American Institute for Economic Research, will give a special guest presentation at Angelo State University on Tuesday, March 28, at 5:30 p.m. in Room 100 of the Cavness Science Building, 2460 Dena Drive.

Price inflation is now at a 40-year high in the U.S. and has become the main economic concern for the average American. In his presentation titled "How the Fed Failed to Achieve its Mandate," Hogan will examine the root causes of inflation and how political considerations, such as climate change and income inequality, have distracted the Federal Reserve from carrying out its legally mandated goals of maximum employment and stable prices.

Sponsored by the Texas Tech University Free Market Institute at Angelo State University, Hogan's presentation is free and open to the public.

Prior to joining the American Institute for Economic Research, Hogan served as the chief economist for the U.S. Senate Committee on Banking, Housing and Urban Affairs. His primary research interests include banking regulation and monetary policy. He has also worked for Merrill Lynch's commodity trading group and for investment firms in the U.S. and Europe. He was a consultant to the World Bank and a research fellow at the Cato Institute.

Hogan has also held a variety of academic positions, including a fellow at Rice University's Baker Institute for Public Policy, assistant professor of finance at Troy University, and assistant professor of economics at West Texas A&M University.

An avid researcher, Hogan's work has been published in academic journals such as Economic Inquiry, the Journal of Regulatory Economics, and the Journal of Money, Credit & Banking. He earned his Ph.D. in economics from George Mason University and holds bachelor's and master's degrees in business administration from the University of Texas.

The Texas Tech University Free Market Institute at Angelo State University aims to advance research and teaching related to the free enterprise system and the institutional environment necessary for it to function well, and to support the missions of the ASU Norris-Vincent College of Business. The institute also develops and operates student and public programming for the benefit of ASU students and the San Angelo community.