Col­lege sets fo­rum on na­tional debt

The Star Democrat - - LOCAL -

CHESTERTOWN — Wash­ing­ton Col­lege will host a fo­rum Mon­day, Nov. 14, to fo­cus on the na­tional debt and its long- term ef­fects on the econ­omy.

Guest speak­ers will be Jef­frey M. Lacker, pres­i­dent and CEO of the Fed­eral Re­serve Bank of Rich­mond, and Brian Rogers, chair­man and chief in­for­ma­tion of­fi­cer of T. Rowe Price. Rick San­telli of CNBC will mod­er­ate the dis­cus­sion.

Col­lege Pres­i­dent Sheila Bair, for­mer chair­man of the Fed­eral De­posit In­sur­ance Corp., has in­vited the three to high­light the is­sue in the Ge­orge Wash­ing­ton Lead­er­ship Se­ries. The talk will start at 5 p. m. in Decker Theatre, Gib­son Cen­ter for the Arts. It will be fol­lowed by a re­cep­tion in the cen­ter’s Un­der­wood Lobby. The fo­rum is free and open to the pub­lic.

The dis­cus­sion — “Our Fis­cal Health: How Na­tional Debt Could Im­pact the Fu­ture for Amer­ica’s Youth” — will fol­low an af­ter­noon ses­sion in which stu­dents in busi­ness, po­lit­i­cal science and eco­nom­ics classes will be able to talk one- on- one with the three guests about the na­tional debt and how it will af­fect their lives.

As pres­i­dent of the Fed­eral Re­serve Bank of Rich­mond, Lacker serves on the fed­eral open mar­ket com­mit­tee, which con­ducts mon­e­tary pol­icy for the Fed­eral Re­serve. Prior to his ap­point­ment, he was a se­nior vice pres­i­dent and the di­rec­tor of re­search for the Rich­mond Fed, a po­si­tion he as­sumed in 1999. Lacker joined the bank in 1989 as an econ­o­mist. He was named a re­search of­fi­cer in 1994 and was pro­moted to vice pres­i­dent in 1996.

As chair­man of the board and CIO of T. Rowe Price Group Inc., Rogers serves on the eq­uity, fixed in­come and in­ter­na­tional steer­ing com­mit­tees, as well as the as­set al­lo­ca­tion com­mit­tee. He is the for­mer port­fo­lio man­ager for the com­pany’s eq­uity in­come strat­egy and pre­vi­ously man­aged the U. S. large­cap value strat­egy. Be­fore join­ing the firm in 1982, Rogers was em­ployed by Bankers Trust Co.

An on- air ed­i­tor at CNBC since 1999, San­telli’s fo­cus is pri­mar­ily on in­ter­est rates, for­eign ex­change and the Fed­eral Re­serve. He be­gan his ca­reer in 1979 as a trader and or­der­filler at the Chicago Mer­can­tile Ex­change in a va­ri­ety of mar­kets.

Wash­ing­ton Col­lege cre­ated the Lead­er­ship Se­ries in 2012 to honor the vi­sion and val­ues of found­ing pa­tron Ge­orge Wash­ing­ton, es­pe­cially his be­lief in a bet­ter fu­ture through ed­u­ca­tion, re­spect for schol­ar­ship and the ideals of lead­er­ship, char­ac­ter and ser­vice to oth­ers. Un­der its aus­pices, lead­ers from many pro­fes­sions and walks of life are in­vited to cam­pus to in­ter­act with stu­dents and fac­ulty and to de­liver a pub­lic ad­dress.

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