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Financial Leaders Talk National Debt
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As part of the George Washington Leadership Series, on Nov. 14, CNBC’s Rick Santelli will moderate a discussion with Jeffrey M. Lacker, president and CEO of the Federal Reserve Bank of Richmond, and Brian Rogers, chairman and CIO of T. Rowe Price.
Turning the spotlight on the national debt and its long-term effects on the economy, Washington College will host a forum on Nov. 14 featuring Jeffrey M. Lacker, president and CEO of the Federal Reserve Bank of Richmond, and Brian Rogers, chairman and CIO of T. Rowe Price. Rick Santelli, the fearlessly opinionated on-air editor of CNBC, who reports live from the floor of the Chicago Mercantile Exchange, will moderate what is sure to be a lively discussion.
College President Sheila Bair, former chairman of the FDIC, has invited the three to highlight this event in the George Washington Leadership Series. The talk, free and open to the public, begins with Bair’s introduction 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 at 6:10 p.m.
The moderated discussion—“Our Fiscal Health: How National Debt Could Impact the Future for America’s Youth”—will follow an afternoon session at which business, political science, and economics students will have the opportunity 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, was named a research officer in 1994 and was promoted to vice president in 1996. Before joining the Fed, Lacker was an assistant professor of economics at the Krannert School of Management at Purdue University and previously worked at Wharton Econometrics in Philadelphia. He earned a doctorate in economics from the University of Wisconsin and received a bachelor’s degree in economics from Franklin & Marshall College.
As chairman of the board and chief investment officer 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 Equity Income Strategy and previously managed the US Large-Cap Value Strategy. Before joining the firm in 1982, Rogers was employed by Bankers Trust Company. He earned an A.B. from Harvard College and an M.B.A. from Harvard Business School.
An on-air editor at CNBC since June 1999, Santelli’s focus is primarily on interest rates, foreign exchange, and the Federal Reserve, and he’s a regular contributor to the show “Squawk on the Street.” A veteran trader and financial executive, Santelli joined CNBC from the Institutional Financial Futures and Options at Sanwa Futures, L.L.C. There, he was a vice president handling institutional trading and hedge accounts for a variety of futures related products. A graduate of the University of Illinois Champaign/Urbana with a bachelor of science, he began his career in 1979 as a trader and order-filler at the Chicago Mercantile Exchange in a variety of markets, including gold, lumber, CDs, T-bills, foreign currencies and livestock.
About the Series
Washington College in 2012 created the Leadership Series to honor the vision and values of founding patron George Washington, especially his belief in a better future achieved through education, respect for scholarship, and the ideals of leadership, character, and service to others. Under its auspices, leaders from a variety of professions and walks of life are invited to campus to interact with students and faculty and to deliver a public address. Previous speakers include: Raghavan Seetharaman, group CEO of Doha Bank; Richard D. Wood III ’91, director of government relations and sustainability for Wawa, Inc., and Howard B. Stoeckel, vice chairman of the board; Rebecca W. Rimel, president and CEO of The Pew Charitable Trusts; Lance Weaver, former vice chairman and chief administrative officer of MBNA; Ellen J. Kullman, chair of the board and CEO of DuPont; Paul Reed Smith, founder and owner of PRS Guitars; Bert W. Rein, founding partner of Wiley Rein LLP; H. Lawrence Culp, Jr. ’85, former CEO of Danaher Corporation; and David Williams, chairman and CEO of Merkle, Inc.