As the U.S. economy continues to improve and monetary policy moves toward normalization, the David Eccles School of Business is pleased to partner with the Federal Reserve Bank of San Francisco to host a simulation of the Federal Open Market Committee meeting. The event involves Eccles School students in the role of the committee members, including Reserve Bank Presidents, Federal Reserve Board Governors, and Chair Janet Yellen. Students will hear a presentation on the U.S. economy, discuss economic conditions around the country, and then vote to determine the level of the Fed’s key interest rate and the stance of monetary policy as they work to meet the Fed’s dual mandate of full employment and price stability.
The Fed University Symposium will be held Nov. 24 from 1 to 4:30 p.m. in the Bill & Pat Child Family Community Hall in the Spencer Fox Eccles Business Building on the University of Utah campus.
“The David Eccles School of Business has long-held strong ties to the Fed, with David Eccles’ son, Marriner Stoddard Eccles, hailed as the father of the Fed,” said Taylor Randall, dean of the David Eccles School of Business. “It’s fitting that we will hold the mock vote on interest rate policy in the restored First Security Bank Board Room, located in our business building, that Marriner Eccles returned to after serving in the Roosevelt administration. We are delighted to partner with the Fed on this Symposium and provide our students with this rich, close to real-life experience.”