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Former New York Stock Exchange Economist To Discuss Economy, Financial Market at UW


September 14, 2010 — Paul Bennett, a former New York Stock Exchange chief economist, will discuss the future of the economy and financial markets at 3 p.m. Thursday, Sept. 23, at the University of Wyoming.

His talk, "The (Revised) Future of Financial Markets," is free and open to the public in the UW College of Business, Room 8.

The event is sponsored by the Sandberg Speakers Fund, established in memory of Carl Sandberg, a UW graduate whose promising Wall Street career was cut short by cancer. The series brings speakers of national stature in the financial world to UW to broaden the perspective available to students and the community.

Bennett, currently a Rutgers University Business School visiting professor of finance and economics, says in the wake of a steep worldwide recession, the United States economy is just slowly starting to recover, while the federal government has passed legislation aimed at preventing a recurrence.

He adds that "cleaning up the housing mess" has been mainly a domestic national matter and that the functioning of financial markets today is a global issue because banking and securities markets now extend almost seamlessly across political boundaries. What the nation can expect in terms of how the economy and financial markets will actually evolve and perform next year and beyond will be discussed during Bennett's presentation.

Bennett received a B.S. economics degree from the University of Chicago and M.S. and doctoral economics degrees from Princeton University. From 1978-2001, he worked for the Federal Reserve Bank of New York in various positions, including research economist, vice president responsible for inter-bank funds and securities transfer and settlement services, senior vice president and head of capital markets research.

From 2001-2008, Bennett was a New York Stock Exchange chief economist, responsible for analysis of market quality, listings research and other business issues. He also was the Federal Reserve Bank of New York Economic Policy Review editor. Bennett has published more than 30 articles in refereed academic and professional journals.

For more information, contact Rosanne Lattimer, UW Department of Economics and Finance office, at (307) 766-2571 or e-mail rlatimer@uwyo.edu.

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