A man who has a say in when the Federal Reserve System changes interest rates will be in Columbus on Monday for two speak-ing engagements.
Charles L. Evans, president and chief executive officer of the Federal Reserve Bank of Chicago, will be the keynote speaker at the Columbus Economic Development Board’s annual meeting, which starts at 11:30 a.m. at The Commons.
The Federal Reserve is the central banking system of the United States, and it includes 12 regional Federal Reserve banks and its board of governors.
Evans oversees 1,400 employees who conduct economic research, supervise financial institutions and provide payment services to commercial banks and the U.S. government. He is a voting member of the Federal Open Market Committee, which is the Federal Reserve System’s monetary policymaking board.
The Federal Open Market Committee sets key interest rates and decides whether to increase or decrease the money supply, said Tony Gambaiani, this year’s chair of the Columbus Economic Development Board.
“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 Jason Hester, Columbus Economic Development Board’s executive director.
Attendees at the EDB’s annual meeting also will hear a report on the board’s recent activities.
Registration for EDB’s annual meeting is closed, but the public will have an earlier opportunity to hear Evans at IUPUC. Evans will speak at 10 a.m. in the Summerville Room at the Columbus Learning Center.
Evans will provide a brief overview of the Federal Reserve, what it does, what he does and the impact the Federal Reserve has on the local and world economy, said Carol Branson, director of communications and marketing for IUPUC.
His remarks will be followed by a question-and-answer session, and the entire event will last about 45 minutes, she said.
Who: Charles Evans, president Federal Reserve Bank of Chicago
What: Guest speaker Monday at IUPUC and at Columbus Economic Development Board annual meeting
When, where: 10 a.m. Monday in Summerville Room at Columbus Learning Center, 4555 Central Ave., for IUPUC event; 11:30 a.m. at The Commons, 300 Washington St., for EDB annual meeting
Why: To discuss the role of the Federal Reserve, its impact on the economy and his duties
How: IUPUC event open to the public; registration closed for EDB annual meeting