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Philadelphia, Pa. — Philadelphia Fed Executive Vice President and Director of Research Loretta J. Mester will discuss financial market regulation at the Princeton Colloquium on Public and International Affairs, "The 'New Normal?' American Policy Making After the Great Recession." This event will be held on Friday, April 16, and Saturday, April 17, 2010, at Dodds Auditorium in Robertson Hall on the Princeton campus.
The recent economic recession has sparked several questions about the short- and long-term consequences of deficit spending, the role of regulation in the financial sector, and U.S. foreign policy priorities. These questions will be addressed through panel sessions, keynote addresses, and presentations. Mester will participate in the panel discussion on "U.S. Financial Market Regulation: Stemming Risk or Stifling Growth?" from 1:45 p.m. to 3:00 p.m. on April 17, 2010. All keynote addresses and panel sessions are free and open to the public. This event is being sponsored by the Woodrow Wilson School of Public and International Affairs.
In addition to serving as executive vice president and director of research at the Federal Reserve Bank of Philadelphia, Mester oversees the Bank's Financial Statistics Department and its Payment Cards Center. Mester is also an adjunct professor of finance at the Wharton School, University of Pennsylvania, and a Fellow of the Wharton Financial Institutions Center. She earned a B.A. in mathematics and economics summa cum laude from Barnard College of Columbia University and an M.A. and a Ph.D. in economics from Princeton University.
Press credentials are required; media must register before arrival by contacting Rebecca Anderson at (609) 258-2663.
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.