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For immediate release
Contact: Marilyn Wimp, manager of media relations, (215) 574-4197
Philadelphia, Pa. - Philadelphia Fed President Plosser will highlight the lessons central bankers have learned from the financial crisis in his remarks to the World Affairs Council (WAC) of Philadelphia.
In anticipation of inclement weather on Wednesday, Feb. 10, the event has been rescheduled for 12:00 noon on Wednesday, February 17, 2010.
This event will take place at the Union League of Philadelphia, 140 S. Broad Street, Philadelphia, and is part of WAC's Great Decisions series, featuring discussions and lectures focused on global issues developed by the Foreign Policy Association (FPA). As part of the Great Decisions series, audience participants may complete opinion ballots that will be collected and tabulated for the FPA's report, which is presented to the White House, the departments of State and Defense, members of Congress, and the media.
Policymakers, legislators, and regulators are working to define the Fed's role in the aftermath of the financial crisis. President Plosser will give his perspective on the Federal Reserve's challenges and discuss the importance of preserving the central bank's independence to help ensure that economic and financial stability prevail.
President Plosser will also look at the challenges other central banks around the world are now facing as a result of the financial meltdown and explore approaches that could be implemented to help prevent sowing the seeds of a new crisis.
To hear President Plosser's remarks, "Learning Lessons from the Worldwide Financial Crisis," register online by visiting WAC's website.
The WAC of Philadelphia is a nonprofit, nonpartisan organization dedicated to informing and engaging people of all ages on matters of national and international significance. Established in 1949, it provides education, discourse, and information to audiences throughout Greater Philadelphia. The council currently serves over 100 corporate members and more than 2,500 individual members, as well as presenting a nationally acclaimed education program that reaches over 2,600 students in 200 schools each year.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.