News

Public and community leaders are invited to attend free Jan. 21st event

Paul Traub, Business Economist, Detroit Branch of the Federal Reserve Bank of Chicago, will present an economic forecast for 2013 on Monday, Jan. 21, from 6 p.m. to 8 p.m. at the Baker College of Flint Auditorium, 1050 W. Bristol Road, Flint.

The presentation will include a discussion about the state of the U.S. economy, as well as the outlook for Michigan.

Public and community leaders, including those in business, automotive, education, government and health care industries, are invited to this free event. Preregistration is not necessary.

“This is a great opportunity for the public and area leaders to hear the analysis from the perspective of the Federal Reserve Bank,” said John Cote, Ph.D., Baker College of Flint Dean of Business Administration. “With so much uncertainty, it will be helpful to hear what the data may indicate for 2013 at both the state and national levels.”

Prior to joining the economic research department of the Chicago Federal Reserve, Traub was the President of Scenario Economics LLC and Senior Economist for Americas Commercial Transportation Research Company, LLC (ACT Research). 

Traub retired in 2008 from the position of Corporate Economist with 25 years of service at Chrysler LLC. He worked in Chrysler’s corporate economist’s office for more than 17 of those years where his responsibilities included tracking the economy and forecasting its impact on North American auto sales, supporting new product development, and speaking to auto dealers and numerous professional organizations. Traub currently serves on the Detroit Association of Business Economists board of directors, is presently a member of the National Association of Business Economists and the Society of Automotive Analysts, and has served as an adjunct faculty member and is on the economics department advisory board for the School of Business Administration at Oakland University. He holds a B.B.A. from the University of Michigan-Dearborn and an M.B.A. from Oakland University.

The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks across the country that, together with the board of governors in Washington, D.C., serve as the central bank for the United States. The Chicago Fed serves the Seventh Federal Reserve District, which includes all of Iowa and most of Illinois, Indiana, Michigan and Wisconsin.

Congress created the Federal Reserve System in 1913, charging it with the responsibility to foster a sound banking system and a healthy economy. This remains the broad mission of the Fed and its components.