2022 boasted the hottest labor market in 54 years, the highest inflationary environment in 40 years, and the fastest Fed rate hikes since the 1980’s. 2023 is shaping up to be a whole different ball game. Markets have latched on to the soft-landing narrative so far this year, but how realistic is this outlook? Join us on March 15th to find out what’s in store for the U.S. and global economy, from the labor market, consumer spending, inflation and interest rates, and what that means for the technology sector and the outlook for Silicon Valley. Also for discussion will be the major downside or upside risks that could radically alter our economic and financial course.
Scott Anderson is the Chief Economist and Exectuive Vice President at Bank of the West and serves on the Bank's Executive Leatership Team. In this role he analyzes and forecasts international, national and regional economic trends for Bank of the West management, business lines and clients. Throughout his career Scott has been consistently recognized as one of the top economic forecasters in the country. He was named the Most Accurate Forecaster by the National Association of Business Economics for 2019.
He currently serves on the Board of Directors for the Commonwealth Club of California. He was appointed Chairman of the American Bankers Association Economic Advisory Committee in 2012 and has served on the Committee since 2004. In 2015 he was appointed to the California Council of Economic Advisors. He has also been a member of Stanford's Institute for Economic Policy Research (SEIPR) since 2012.
Prior to joining Bank of the West, Scott was a Senior Economist and Wells Fargo and Wells Fargo Securities. Anderson has also held positions at Moodys Analytics in Philadelphia and the International Monetary Fund in Washington DC.
Date: WEDNESDAY May 3, 2023
Schedule: 11:30am - 12:00pm - Networking
12:00pm- 1:30pm - Lunch, Presentation and Discussion