ESCANABA, MI-- The President of the Federal Reserve Bank of Minneapolis is visiting Escanaba on Monday.
Neel Kashkari will meet with businesses and answer resident questions during a town hall forum at Bay College. He says his job is to try to understand what is happening in the region and bring it back to Washington, D.C. when the Reserve sets monetary policy for the nation.
“To get a first-hand sense of what’s happening in the local economy,” he says. “What’s happening in the job market, what’s happening with businesses, what’s happening with wages. All of that information is very important as we think about the path of interest rates in the country.”
Kashkari says he wants to hear directly from businesses and workers how they think the economy is doing.
“Are they increasing their investments, are there jobs that are available, are wages going up, are workers able to find jobs… This kind of dynamic gives us information on the U.S. economy as a whole. Is the U.S. economy overheating? Is it growing slowly? Do we see risks on the horizon?”
The forum takes place Monday at 5:30 p.m. at Bay College’s Heirman Center.
To register, click here.