COLUMBUS, INDIANA (Mar. 27, 2015) – Chicago Fed President Evans to Keynote Columbus EDB Annual Meeting
The President of the Federal Reserve Bank of Chicago, Charles Evans, will deliver the keynote address at this year’s Annual Meeting of the Columbus Economic Development Board. The event will be held on Monday, May 4, at The Commons in downtown Columbus. Attendees will also hear a report on the recent activities of the Economic Development Board, with remarks delivered by executive director Jason Hester and 2015 Chair Tony Gambaiani.
“It’s a privilege to have Dr. Evans serve as this year’s keynote speaker, and we look forward to hearing his thoughts about the economy, future interest rates, and how Columbus stacks up against other communities in the Chicago region,” said Hester.
Charles L. Evans is the ninth president and chief executive officer of the Federal Reserve Bank of Chicago. In that capacity, he serves on the Federal Open Market Committee (FOMC), the Federal Reserve System’s monetary policymaking body.
“Since the FOMC is the group that sets key interest rates and decides whether to increase or decrease the money supply, Wall Street is always trying to anticipate what the Fed will do next,” said Gambaiani. “This is a rare treat for the Columbus EDB and our guests to hear firsthand from someone who has tremendous influence on the U.S. economy.”
The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks across the country. These 12 banks along with the Board of Governors in Washington, DC, make up the nation’s central bank. As head of the Chicago Fed, Evans oversees the work of roughly 1,400 employees in Chicago and Detroit who conduct economic research, supervise financial institutions and provide payment services to commercial banks and the U.S. government.
Before becoming president in September of 2007, Evans served as director of research and senior vice president, supervising the Bank’s research on monetary policy, banking, financial markets and regional economic conditions. Prior to that, Evans was a vice president and senior economist with responsibility for the macroeconomics research group.
Evans research has been published in a number of publications, and he has taught at the University of Chicago, the University of Michigan and the University of South Carolina. He received a bachelor’s degree in economics from the University of Virginia and a doctorate in economics from Carnegie-Mellon University in Pittsburgh.
The May 4th 11:30 a.m. luncheon is open to the public, but advance registration is required as space is limited. Individual tickets are $45, with reserved corporate tables of 8 available for $360. Registration can be done online atwww.ColumbusIN.org or by calling 812-378-7300 by April 24th.
About the Columbus Economic Development Board
The Columbus Economic Development Board (EDB) is an independent, non-profit organization that serves as the economic development office for Columbus and all of Bartholomew County, Indiana. The organization’s strategic goal is to grow & attract well-paying, high value-added, community-minded base/primary businesses by influencing and leveraging the area’s distinct capabilities in advanced manufacturing, design, and Science Technology Engineering & Math (STEM) education resources. The EDB’s approach is three-fold: (1) Work with existing primary employers to help them grow in Columbus and Bartholomew County, (2) Attract and recruit new companies to locate here, and (3) Work with fellow community leaders to build upon and continuously improve the area’s desirability to businesses and residents.
Since the EDB’s founding in 1976, recruited companies today employ more than 6,700 persons locally and those jobs locally generate on average $229.4 million in annual household spending. More than 400 local expansions have also been supported, with $2.8 billion in recorded direct investment. For more information on the Columbus EDB and the services it offers, please visit www.ColumbusIN.org.