News

September 30, 2009

Philadelphia Federal Reserve President Charles Plosser Discusses National Economy at Policy Studies Forum

Speech has been featured in hundreds of national and international news outlets; read the transcript and view photos from the event

Charles I. Plosser, president and CEO of the Federal Reserve Bank of Philadelphia, presented the speech “Demystifying the Federal Reserve” during an economic summit hosted by the College’s policy studies program Sept. 29. Plosser’s speech was picked up by hundreds of national and international news outlets including ABC News, CNBC, Forbes, MSN Money, The New York Times, and The Wall Street Journal.

Hundreds of students, faculty, and local business professionals attended the forum, which focused on business conditions and government policies in the wake of the recession. It was presented in partnership with the Greater Lehigh Valley Chamber of Commerce, the Lehigh Valley Economic Development Corporation, and the Lehigh Valley Workforce Investment Board Inc.

Amy M. Gill, director of the Bureau of Research in the Pennsylvania Department of Revenue, presented the talk “2009-10 and Beyond: Outlook for Pennsylvania and State Government.”

Other speakers included Gregg Feinberg, of Feinberg Law Office & GMF Development and vice chair of the Greater Lehigh Valley Chamber of Commerce, and Phil Mitman, president and CEO of the Lehigh Valley Economic Development Corporation. Moderators for Gill and Plosser’s segments were Mark Crain, William E. Simon Professor of Political Economy and chair of policy studies, and Ed Gamber, professor and head of economics.

Plosser became the 10th president of the Federal Reserve Bank of Philadelphia in August 2006. Previously, he was the John M. Olin Distinguished Professor of Economics and Public Policy and director of the Bradley Policy Research Center at the William E. Simon Graduate School of Business, where he also served as dean from 1993 to 2003. He was also a professor of economics at the University of Rochester, a senior research associate at the Rochester Center for Economic Research, and a research associate at the National Bureau of Economic Research in Cambridge, Mass.

Plosser has lectured worldwide on topics ranging from management education to economic and public policy issues. The author of numerous academic articles and a participant in scores of professional seminars and conferences, Plosser also has served as co-editor or associate editor of three prestigious economics journals and referee for over a dozen others.

Gill has served as director of Pennsylvania’s Bureau of Research since 2006.  The bureau is responsible for forecasting revenues and performing fiscal analyses of proposed legislative tax changes, as well as collecting and reporting revenue data.  As director, Gill oversees a staff of analysts responsible for the creation of tax models to forecast approximately $25 billion of general fund tax revenue.  The bureau is also responsible for the mark-up and scoring of bills that affect tax revenues and tax policy.

Previously, Gill was an economist for the Internal Revenue Service in Washington, D.C.  She published several papers on tax statistics and trends and has presented and contributed to panels on tax topics for the American Statistical Association, the Federation of Tax Administrators, the National Tax Association, and the North Eastern States Tax Officials Association.

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