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Session 3: How the New Policy Team and Initiatives Affects Financial Markets

9:15-10:15 am Salon A/B

This Wall Street panel will offer their perspectives on the Administration's economic policies and initiatives.

Session Downloads

Michael Dicks' slideshow (PDF 2.2 MB)

Links of Interest

Lehman Brothers Global Economics

Goldman Sachs Insight

Richard Clarida Home Page

Speakers

Kathleen M. Camilli, Independent Economist, Camilli Economics, moderator

Michael Dicks
Chief Economist for Europe
Lehman Brothers, London

William C. Dudley
Director of U.S. Economic Research
Goldman Sachs & Company

William Dudley is a Partner and Chief U.S. Economist at Goldman Sachs. Dudley has served as director of the U.S. Economic Research Group at Goldman, Sachs & Co. since October 1995, and has been a managing director since 1996. His duties at Goldman include economic and interest rate forecasting for the United States and overseeing the entire Canadian research effort. Before attaining his current position, he bore responsibility for the foreign exchange outlook, analyzed U.S. financial market developments, and for eight years was Robert Rubin's senior economic adviser.

Prior to joining Goldman Sachs in 1986, Dudley was vice president in charge of regulatory management at J.P. Morgan. In addition to his duties at Goldman Sachs, Dudley is a member of the technical consultants board to the Congressional Budget Office, a member of the Brookings Council at The Brookings Institution, serves on the corporate advisory board for the Institute for International Economics, and is co-chair of the economic advisory committee of the Bond Market Association. Mr. Dudley received his Ph.D. from the University of California at Berkeley in 1982.

Richard H. Clarida
Chief Economic Strategist, The Clinton Group
Professor of Economics, Columbia University

Richard H. Clarida is the C. Lowell Harriss Professor of Economics at Columbia University. From February 2002 until May 2003, Clarida served in the Administration of President George W. Bush as the Assistant Secretary of the Treasury for Economic Policy, a position that required nomination by President Bush and confirmation by the US Senate. In that position, he served as Chief Economist for the Treasury Department, reporting directly to the Treasury Secretary, and advising him on a wide range economic policy issues, including the US and global economic prospects, international capital flows, corporate governance, and the maturity structure of US debt. On May 12, 2003 Treasury Secretary John Snow presented Clarida with The Treasury Medal in recognition for his record of outstanding service to the Treasury Department. From 1997 until he entered the Bush Administration, Clarida was the chairman of the Department of Economics at Columbia University. Earlier in his career, Clarida taught at Yale University, and served in the Administration of President Ronald Reagan as Senior Staff Economist with the President's Council of Economic Advisers.

Clarida has published numerous articles in leading academic journals on monetary policy, exchange rates, interest rates, and international capital flows. He is frequently invited to present his views and research to the world's leading central banks, including the Federal Reserve, the ECB, and the Bank of England. He has also served as a consultant to several prominent financial firms, including the Global Foreign Exchange Group at Credit Suisse First Boston and Grossman Asset Management. Since July 2003, Clarida has advised the Clinton Group, a new York investment advisor, on economic strategy. He is a member of the Council on Foreign Relations and the National Bureau of Economic Research. Clarida is director of the NBER Project on G7 Current Account Imbalances.

Clarida graduated with highest honors from the University of Illinois in 1979 and received both his Masters degree and Ph.D. in Economics from Harvard University in 1983. He is married with two children and lives in Southport CT.