Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, will speak to business and community representatives in Charleston on April 15.
Lacker's "Investing in People for Long-Term Prosperity" speech will cover economic development that allows for a community to grow as the businesses in that community grow.
The event will take place at the Rivera Ballroom at the Belmond Charleston Place Hotel at 205 Meeting St. The doors open at 6 p.m., and Lacker's address will begin at 7:30 p.m.
Full text of the speech will be available on the bank's website, and two question-and-answer sessions. The second session will be reserved for media personnel.
Lacker recently spoke at the Richmond Chamber of Commerce regarding the outlook for the economy and monetary policy, and how those relate to the work of the Federal Reserve. He explained that the economy does face challenges, specifically the housing market and potential for weakening exports and spending from the government. In that speech, Lacker stated that inflation is currently below the 2 percent expectation. He attributed this to lower energy prices caused in part by the drop in oil prices.
He stated that GDP growth is likely to be approximately 2 or 2.5 percent through 2015.
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