The state of the economy is a concern to students about to enter the job market, but many may be confused as to how monetary and economic policy works in the U.S.
Dennis Lockhart, president and CEO of the Federal Reserve Bank of Atlanta, will address the UT student body tonight at 7:00 p.m. in the UC Auditorium. He will discuss the role of the Federal Reserve and general monetary policy in the United States.
Robin Lovett, a member of the Issues Committee, said the purpose of the lecture is to enhance the conversation about the economy among students on campus.
“The main goal of the Lockhart event is to bring a dialogue to campus about the national economy from a highly experienced individual,” said Lovett. “We hope that the event will allow students to (gain) a greater understanding of the economic atmosphere of the time.”
Lovett, a sophomore in anthropology and Spanish, hopes the lecture will encourage students to enter the discussion on national issues.
“In an effort to bring a diverse representation of opinions and topics to the student body, (the) Issues Committee decided to invite Mr. Lockhart to speak on the economy …” she said.
Hannah Bailey, a junior in political science and the vice-chair of the Issues Committee, agreed with Lovett.
“The Issues Committee has not brought anyone to speak about the monetary policy aspect of the nation's economy yet this year,” said Bailey. “I hope that students can couple this learning experience with other economic practices that they may be more familiar with so that they can see both sides of the coin, so to speak, when it comes to the economy.”
Bailey hopes that students, regardless of their majors or interests, will learn something from the event.
“Even if you aren't a business or economics major, this event will provide valuable insight into everyday matters,” she said. “We are all confused about the economy, and the only way to get a better grasp on what is going on around us is to learn to basic fundamentals of the process.”
To become the Atlanta Fed’s 14th president, Lockhart worked his way up the financial sector. After earning a B.A. in political science and economics from Stanford University and a M.A. in international economics from John Hopkins, he held various domestic and international positions with the likes of Citicorp/Citibank, Heller Financial, Zephyr Management and the advisory committee of the U.S. Export-Import Bank.
The Fed of Atlanta is one of 12 regional reserve banks in the United States that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Atlanta bank works with the other regional reserve banks to help formulate monetary policy, supervise and regulate banks and bank holding companies, and provide payment services to financial institutions and the federal government.
The event is free and open to the public. A student ID is required for entrance for UT students.