Richmond Federal Reserve President Speaks at Shenandoah

Richmond Federal Reserve President Speaks at Shenandoah

President of the Federal Reserve Bank of Richmond Jeffrey Lacker, Ph.D., will address Shenandoah University students, faculty and staff as well as special guests and attendees at an event slated for Tuesday, Feb. 4, in Halpin-Harrison Hall, Stimpson Auditorium on the campus of Shenandoah University.

Dr. Lacker, who took office as president on August 1, 2004, as the seventh chief executive of the Fifth District Federal Reserve Bank, will discuss economic outlook. An 8 a.m. continental breakfast reception precedes Lacker’s 8:30 a.m. talk. A question and answer session will follow.

“It is quite an honor to have Jeffrey Lacker as a featured speaker at Shenandoah University,” said Harry F. Byrd, Jr. School of Business Dean and Professor of Management Miles Davis, Ph.D. “Dr. Lacker plays an integral role in monitoring and advancing our nation’s financial health. His scholarly work on monetary, financial and payment economics and his wealth of knowledge on economics and finance are inspirational to our students and to our valued local business partners.”

The Richmond Fed is part of the nation’s central bank, the Federal Reserve, which sets monetary policy, supervises and regulates member financial institutions and provides an array of financial services.

Headquartered in Richmond, Va., with offices in Charlotte, N.C., and Baltimore, Md., the Richmond Fed oversees the Fifth Federal Reserve District, which consists of the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. It employs more than 2,200 individuals and supervises nearly 400 financial institutions across the District.

The Federal Reserve works to ensure a stable and sound economy and manages the nation’s money supply to keep inflation low and help the economy grow. It also supervises financial institutions to safeguard the nation’s financial system and protects the integrity and efficiency of the nation’s payments systems.

Lacker began his career at Wharton Econometrics in Philadelphia, Pa., and served as an assistant professor of economics at the Krannert School of Management at Purdue University from 1984 to 1989 before joining the Richmond Fed in 1989 as an economist in the banking area of the Research department. He was named research officer in 1994, vice president in 1996 and senior vice president and director of research in May 1999. He was a voting member of the Federal Open Market Committee in 2006, 2009 and 2012.

Lacker is the author of numerous articles in professional journals on monetary, financial and payment economics, and he has presented his work at universities and central banks worldwide. From 1992 through 1993, he taught at The College of William and Mary, and in 1997, was a visiting scholar at the Swiss National Bank.

Lacker is a member of the executive committee of Venture Richmond and serves as director for the boards of the Council for Economic Education, the World Affairs Council of Greater Richmond and Richmond’s Future. He is also a member of the advisory board of ROSMY and serves on the University of Richmond board of trustees.

He holds a bachelor’s degree in economics from Franklin & Marshall College (Lancaster, Pa.) and a doctorate in economics from the University of Wisconsin.

For tickets to this event, call the Shenandoah University Box Office (540/665-4569) no later than 5 p.m. on Monday, Feb. 3. Ticket prices are $30 for the general public and $15 with student I.D. Tickets will not be sold at the door.