Roger Ferguson

Roger Ferguson is a distinguished economist and investor who serves as partner, Chief Investment Officer, and board member at Red Cell Partners. He previously served as Vice Chairman of the Federal Reserve Board, president and CEO of TIAA, and is a fellow at the Council on Foreign Relations focused on monetary policy, fiscal policy, regulation, retirement policy, and international economics.

America’s Economic Edge Requires Hard Choices on Deficits, Housing, and Allies

Former Federal Reserve vice-chair Roger W. Ferguson Jr., in conversation with Piper Sandler chief global economist Nancy Lazar for the Hurst Lecture Series, argues that the US economy remains fundamentally strong but increasingly dependent on difficult political choices. Ferguson points to AI investment, deep capital markets, Fed credibility and the dollar as enduring advantages, while warning that deficits, housing shortages, immigration policy, inflation’s aftereffects and fraying alliances threaten the system that supports them. His confidence is conditional: the US can correct course, but only if policymakers accept costs voters have largely resisted.

The Aspen InstituteJul 10, 202622 min read