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Session 8: The Bernanke Fed
Presentations
Links of Interest
Board of Governors of the Federal Reserve System
Speakers
Greg Ip
Reporter, Wall Street Journal
Presiding
Stuart Hoffman
Chief Economist
PNC Financial Services Group
Stuart G. Hoffman is senior vice president and chief economist for The PNC Financial Services Group and serves as the principal spokesperson on all economic issues for PNC. Recently, Hoffman was named by BusinessWeek as the most accurate economic and interest rate forecaster of 2004. In addition, he has been recognized as the second most accurate forecaster by the National Association for Business Economics and in The Wall Street Journal’s economic survey covering the 1988 to 2002 period.
Hoffman joined PNC in 1980 after a six-year tenure with the Federal Reserve Bank of Atlanta. He became vice president and senior economist for PNC in 1987 and was elected senior vice president and chief economist in 1991.
Hoffman is frequently quoted in The Wall Street Journal, The New York Times, Barron’s, BusinessWeek and USA Today. He is a regular guest on CNBC, CNN, Bloomberg TV, The Wall Street Journal Radio Report and CNN News Radio. He is regularly interviewed by the Associated Press and Reuter’s news wire services. He is often quoted in regional media such as the Pittsburgh Post-Gazette and the Philadelphia Inquirer.
In addition, Hoffman has regularly participated in the Federal Reserve Bank of Kansas City Jackson Hole Symposium, where he discusses key economic issues with Chairman Alan Greenspan and other global monetary policymakers.
Hoffman is thePresident and a member of the Board of Directors of the National Association for Business Economics (NABE). He also serves on the Board of Directors of the Pennsylvania Partnership for Economic Education and the Economic Club of Pittsburgh--the local chapter of NABE.He is the past chairman of the American Bankers Association Economic Advisory Committee that met semi-annually with Chairman Greenspan and other Federal Reserve Board Governors.
Hoffman is a 1971 graduate of Pennsylvania State University. He received a master's degree in 1973 and a doctorate degree in economics in 1975, both from the University of Cincinnati, where he was a Charles Phelps Taft Memorial Fellow. In 2004, the University of Cincinnati honored him as a Distinguished Alumni.
Laurence Meyer
former Fed Governor
Vice Chairman, Macroeconomic Advisers
Dr. Laurence H. Meyer is Vice Chairman of Macroeconomic Advisers, LLC, the company he co-founded with Joel Prakken and Chris Varvares as Laurence H. Meyer & Associates in 1982. The firm became Macroeconomic Advisers in June of 1996 when Dr. Meyer joined the Board of Governors of the Federal Reserve System. Dr. Meyer served as a member of the Board of Governors of the Federal Reserve from June 20, 1996 until January 31, 2002 and re-joined MA in June of 2002.
During his tenure at the Board, he was widely recognized as an influential member of the Federal Open Market Committee and built a reputation for independent thinking and straight talk about monetary policy. Fed Chairman Alan Greenspan said, "Larry Meyer has made an important contribution to the Board’s monetary policy. His thoughtful insights into technical issues and his technical expertise have materially enhanced the deliberations of the Board and the Federal Open Market Committee. His influence will carry on beyond his tenure as a Board member." Dr. Meyer was chairman of the Committee on Supervisory and Regulatory Affairs, overseeing the Board’s regulatory implementation of Gramm-Leach-Bliley Act and its participation in negotiations toward a new international capital accord. He also represented the Federal Reserve Board in several international forums, including the Financial Stability Forum, the Economic Policy Committee of the OECD, and APEC. He was responsible for monitoring developments in the Asia Pacific region and participated in U.S. bilateral dialogues with the central banks and finance ministries of Japan, China, and India.
Dr. Meyer is also distinguished visiting scholar at the Center for Strategic and International Studies in Washington, DC. Dr. Meyer, recognized as one of the nation’s leading economic forecasters, was born on in the Bronx, New York, in 1944. He received a B.A. (magna cum laude) from Yale University in 1965 and a Ph.D. from Massachusetts Institute of Technology in 1970. He was also a professor of economics and former chairman of the economics department at Washington University.
Nancy R. Lazar
Executive Vice President
ISI Group Inc
NANCY LAZAR is Executive Vice President and Economist for ISI. She has been an Institutional Investor's ranked Wall Street economist for the past 5 years. Prior to forming ISI, Nancy was a Senior Vice President at C.J. Lawrence. Nancy graduated from Kalamazoo College in 1979.
