May 20, 2013 presentation by William A. Strauss, Senior Economist and Economic Advisor, Federal Reserve Bank of Chicago and introduced by Michael Kennedy, CFP, Forum Financial Management, LLC.
Hosted by the Chicago University Booth School of Business Entrepreneurial Roundtable alumni group at Calamos Investments Building, Naperville, IL.
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Video by Stone Cliff Productions, Inc. - StoneCliffProductions.com
Review and discuss the Fed's latest 2013-2014 economic forecasts for key economic indices including: GDP, Growth Rates, Housing Starts, Home Prices, Industrial Output, Capacity Utilization, Employment, Inflation, Personal Savings Rates, Interest Rates, Monetary Policy, Fed's Balance Sheet, United States Forecasts for a few key sectors.
If your business or your personal investments are impacted by any of these economic trends, it may be useful to match these forecasts to your company or personal investment assumptions - or those of your financial advisor. As they say, "You may not want to bet against the Feds" - at least not without thinking about it.
William A. Strauss is a Senior Economist and Economic Advisor in the Economic Research Department at the Federal Reserve Bank of Chicago, which he joined in 1982. His chief responsibilities include analyzing the current performance of both the Midwest economy and the manufacturing sector for use in monetary policy. He produces the monthly Chicago Fed Midwest Manufacturing Index and organizes the Bank's Economic Outlook Symposium and Automotive Outlook Symposium. In addition, he conducts several economic workshops and industrial roundtables throughout the year.
Mr. Strauss earned a B.A. in economics and geography from the State University of New York at Buffalo, and an M.A. in economics from Northwestern University. He has taught as an adjunct faculty member at Loyola University Chicago and Webster University in Chicago. He currently teaches at the University of Chicago Graham School of Continuing Liberal and Professional Studies and at DePaul University Kellstadt Graduate School of Business. At the University of Chicago he was named winner of the 2010 Excellence in Teaching Award in the Business and Professional Programs. He was recognized by the University at Buffalo as one of their Distinguished Alumni in 2012.
He is a past president of the Chicago Association of Business Economists; a past board member for the National Association for Business Economics; a member of the National Business Economics Issues Council; a member of the Dean's Advisory Council for the University at Buffalo; a member of the Advisory Board for the Center of Excellence on Human Capital, Technology Transfer, & Economic Growth and Development, a member of the Advisory Council for the University of Illinois at Chicago's Center for Economic Education; a member of the Economic Advisory Committee for the Council on Competitiveness; and a board member of Global Midwest Alliance.