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UIS will host presentation by CEO of Federal Reserve Bank

February 20, 2008

Contact: Baker Siddiquee, 217/206-7912, bsidd1@uis.edu

Photo of Wm Poole
Dr. William Poole

SPRINGFIELD – Dr. William Poole, president and CEO of the Federal Reserve Bank of St. Louis, will speak on "Finance: Engine of Growth, Engine of Instability" at 6:30 p.m. Thursday, March 6, in Brookens Auditorium at the University of Illinois at Springfield. Brookens Auditorium is located on the lower level of Brookens Library on the UIS campus.

At the conclusion of his formal remarks, Dr. Poole will also take questions from the audience. The program and a reception immediately following are free and open to the public.

Dr. Poole took office as president and chief executive officer of the Federal Reserve Bank of St. Louis in March 1998. In that position, he directs the activities of the Bank's head office in St. Louis, as well as its three branches – in Little Rock, Arkansas; Louisville, Kentucky; and Memphis, Tennessee. In addition, he represents the bank on the Federal Open Market Committee, the Federal Reserve's chief monetary policymaking body.

The Federal Reserve Bank of St. Louis is one of 12 regional Reserve banks, serving the Eighth Federal Reserve District. Regional Reserve banks, along with the Board of Governors in Washington, D.C., constitute the Federal Reserve System. As the nation's central bank, the Fed is responsible for conducting monetary policy, supervising banks, and operating the nation's payments mechanism.

Dr. Poole was a member of the Council of Economic Advisers from 1982 to 1985, during the first Reagan administration. He began his career in the Federal Reserve System at the Board of Governors in 1964 and worked as a senior economist there from 1969 to 1974. He also has been an advisor and consultant to the Federal Reserve Bank of Boston, a visiting scholar at the Federal Reserve Bank of San Francisco, and a visiting economist at the Reserve Bank of Australia. He has taught economics at Brown University, Providence, Rhode Island, and at The Johns Hopkins University. His publications include Principles of Economics (1991) and Money and the Economy: A Monetarist View (1978).

Dr. Poole's presentation is part of the ECCE (Engaged Citizenship Common Experience) Speakers Series at UIS, campus-sponsored lectures by speakers who exemplify engaged citizenship. The series is a one-hour course that is part of the Engaged Citizenship Common Experience, the distinctive set of courses taken by undergraduates at UIS to foster appreciation for and practice of diversity and the active effort to make a difference in the world. Upcoming events in this spring's series include presentations on April 9 by Dr. Martin Manalansan, and on April 22 by Dr. Debra Rowe.

UIS sponsors of Dr. Poole's presentation include the Office of the Provost; ECCE Speaker Series; College of Business and Management; Department of Economics; Omicron Delta Epsilon International Honor Society, UIS Chapter; and Economics Club.

For more information, contact Dr. Baker Siddiquee, UIS Department of Economics, at 206-7912 or 206-7174.



The University of Illinois at Springfield, one of three U of I campuses, is a small, public liberal arts university that offers 42 degree programs: 21 bachelorís, 20 masterís, and the Doctorate of Public Administration. UIS has a special mission in public affairs and service and is known for extraordinary internships, a wireless campus, extensive online offerings, and a commitment to teaching.

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