For immediate release: March 21, 2008

BLOOMSBURG — Herb Taylor, vice president and corporate secretary of the Federal Reserve Bank of Philadelphia, will speak at Bloomsburg University of Pennsylvania on Friday, April 4, at 1 p.m. in McCormick Center for Human Services, room 2303. The lecture, “Steady Growth and Stable Prices: Mission Impossible?” is open to the public, free of charge.

Taylor will discuss how changes to the economic outlook of the U.S. affect monetary policy. He will also highlight recent changes in policymaking made by the Federal Reserve to meet current challenges in the financial marketplace.

As the Federal Reserve Bank of Philadelphia’s corporate secretary, Taylor is responsible for the administration of the bank’s board of directors and advisory councils. He began his career at the bank in 1981 as an economist and was later named the head of the research department’s macroeconomics and monetary policy unit. In 1991, he became the bank’s public affairs officer, responsible for outreach, media relations and public education programs.

Taylor received a bachelor’s degree in economics from La Salle University and a doctorate degree in economics from Temple University. He is a member of the National Association for Business Economics and the Philadelphia Council for Business Economics. Taylor also serves on the board for Economics Pennsylvania, which promotes the teaching of economic and financial literacy in primary and secondary schools.

The Federal Reserve Bank of Philadelphia supervises district banking organizations, supplies cash to depository institutions, collects and processes nearly 5 million checks daily and, as one of 12 Federal Reserve Banks that form the Federal Reserve System, participates in setting national monetary policy. The Federal Reserve Bank of Philadelphia serves eastern Pennsylvania, southern New Jersey and Delaware.

Taylor’s lecture is co-sponsored by the department of economics and Omicron Delta Epsilon International Economic Honor Society. For more information, contact the department of economics at (570) 389-4335.

Bloomsburg University is one of 14 universities in the Pennsylvania State System of Higher Education. The university serves approximately 8,000 students, offering comprehensive programs of study in the colleges of Professional Studies, Business, Liberal Arts and Science and Technology.