Rotary Happenings: Rotarians learn about current state of U.S. economy
Today’s economy seems to be changing daily, and not always in the direction we would like. Sanibel-Captiva Rotary Club member John Silvia launched a consulting firm following his retirement as managing director and chief economist for Wells Fargo, a position he held since 2002. He shared his thoughts on the health of the current economy. Silvia spoke about the economic growth in relation to other countries and the associated drivers that are impacting their direction, inflation, Federal Reserve actions and corporate earnings growth. He offered monthly updates available to island Rotarians.
Silvia recently joined the Rotary Club. Previously, he was named one of the top 10 forecasters for the last four years by Bloomberg News in 2009 and the No. 2 forecaster by USA Today for 2008.
Prior to Wachovia/Wells Fargo, Silvia worked on Capitol Hill as a senior economist for the U.S. Senate’s Joint Economic Committee and chief economist of the Senate’s Banking, Housing and Urban Affairs Committee. He has also served on economic advisory committees to the Federal Reserve Bank of Cleveland, Federal Reserve Bank of Chicago and Public Securities Association.
Silvia holds a Bachelor of Arts and Ph.D. in economics from Northeastern University and has a master’s degree in economics from Brown University. His first book, “Dynamic Economic Decision Making,” was published in 2011.
The Sanibel-Captiva Rotary Club holds a meeting on Fridays at 8 a.m. at The Heights Foundation, at 15570 Hagie Drive, Fort Myers, and via Zoom; doors open at 7:30 a.m. For more information, visit sanibelrotary.org or www.facebook.com/sancaprotary.