CSUB and Federal Reserve to host Symposium

October 29, 2007
Kathy Miller, 661/654-2456, kmiller26@csub.edu or
Michele Newel, 661/654-2720, mnewell1@csub.edu

California State University, Bakersfield's School of Business and Public Administration in partnership with the Federal Reserve Bank of San Francisco will host a symposium on the Federal Reserve System on Thursday, Nov. 8, from 6 to 9:45 p.m. at the Business Development Center, room B153.

The symposium is a partnership between the Federal Reserve Bank of San Francisco and selected universities in the 12th Federal Reserve District. Its purpose is to enrich the economics curriculum of undergraduate students through presentations and dynamic simulations relating to the Fed.

During the first half of the program, professional staff from the Federal Reserve Bank of San Francisco will make presentations on the Fed, current banking conditions and trends, and the Federal Open Market Committee's role in conducting monetary policy.

In addition, there will be a simulated meeting of the Committee. And as in actual meetings, a Federal Reserve economist will provide an economic briefing.

The briefing will be followed by a simulated meeting with CSUB economics students taking on the role of Committee members and voting on monetary policy and the target federal funds interest rate. The program will conclude with the Fed participants debriefing the simulation and opening the floor to the audience for questions.

Mark Evans, interim dean for the School of Business and Public Administration, said: "This will~be an especially interesting symposium for students interested in economics and finance and for professionals who have a vital interest in monitoring credit conditions and the current economic outlook.

"The School of Business and Public Administration is very excited about this opportunity to directly involve professionals from the Federal Reserve Bank of San Francisco in the education of our economics majors," Evans added.

"This truly is higher education at its best. We look forward to opening up our macroeconomics classroom on this evening to other students and the community."

The symposium is free and open to the public.

For more information, please contact Evans at (661) 654- 2157 or at mevans@csub.edu.