Chicago District PMA District Meeting
A New Government and Economic Outlook
2251 W. Lake St.
Addison, IL 60101
Join the PMA Chicago District to hear William Strauss, Senior Economist and Economic Advisor of the Federal Reserve Bank of Chicago, discuss the performance of the economy with specific attention to key economic sectors and indicators for the economy over the next couple of years.
We are in the eighth year of the economic expansion following the "Great Recession" of 2008 and 2009. During the economic downturn the economy experienced outsized losses in housing, manufacturing and jobs. Yet, what would typically be a robust recovery has not occurred. Labor markets, while significantly improved, are still not quite at a normal level and wage growth remains low. Credit conditions continue to ease from what existed during the recession, but remain restrained for many borrowers and continues acting as a headwind to growth. The collapse in energy prices has added some boost to the U.S. economy, although due to greater domestic energy production, not as much as in the past. The surging value of the dollar over the past couple of years has lowered growth as net exports deteriorated. Inflation has been low and well below the Federal Reserve's target for several years, yet the Fed has begun to remove its very accommodative policy.
William A. Strauss, 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 the Midwest economy and the manufacturing sector for use in monetary policy. He also produces the monthly Chicago Fed Midwest Manufacturing Index and organizes the bank's Economic Outlook Symposium and annual Auto Outlook Symposium. He also conducts several economic workshops and industrial roundtables throughout the year.
5:00 p.m. - Cocktails and Networking
6:00 p.m. - Presentation
6:45 p.m. - Dinner
$40 - PMA member
$50 - Nonmember
Please register by February 10. Payment is expected prior to the event.
For more information, please contact Laura Profita.