July 21, 2014 presentation and open discussion with Scott A. Brave, Senior Business Economist, Federal Reserve Bank of Chicago.
Hosted by the Chicago University Booth School of Business Entrepreneurial Roundtable alumni group at Calamos Investments Building, City Gate Grille Plaza Level, Naperville, Illinois.
Future events and videos at – GSBER.ClubExpress.com
When you're hungry for great food, great wine and nothing stuffy- CityGateGrille.com
Video by Stone Cliff Productions, Inc. – StoneCliffProductions.com
The February national economic leadership transition to Chairman Janet Yellen has been described by Fed watchers as smooth with her early initiatives fairly well matched to expectations. Tapering of the financial crisis induced policy of quantitative easing continues and references to a specific unemployment rate target have been eliminated, the latter explicitness considered a shortcoming of the Bernanke era.
Yet as the perennial byword about much coming out of Washington, DC. “what have you done for me lately?” applies to pending macroeconomic choices. To set the stage for interpreting present conditions and projecting the future course of factors such as interest rates, inflation, and business investment so important to our financial decisions, we will be guided by a senior business economist at the Chicago Fed who closely tracks regional developments in the Midwest. As a member of our July audience, you will ideally come away with useful insights on topics like:
· Timing/extent of a future rise of short term rates
· Financial system oversight and effects on bank lending
· Policy incentives for business formation and innovation
· Outlook for various economic sectors
Scott Brave, Senior Business Economist, Federal Reserve Bank of Chicago enjoys major responsibilities that include the Chicago Fed’s contribution to the Beige Book that guides the Fed’s Board of Governors in their policy making. He also produces public releases on the Chicago Fed’s National Activity, Midwest Economy and Financial Conditions Indexes. His professional research has addressed topics such as employment and economic growth trend analysis and modeling for economic forecasts and financial instability. He earned both his bachelor’s degree in economics and his MBA in economics, statistics and finance from the University of Chicago.