The Economy and Interest Rates – Where Are They Going?
By:
Sharon J. Lorman
Jeffrey P. Marsico
Guests: Dorothy Jaworski, SVP and Treasurer at Penn Community Bank, and Hugh Blaxall, Managing Partner at VBC
Podcast Show Notes:
Our This Month In Banking (TMIB) podcast features discussion with colleagues and other industry thought leaders on interesting banking topics. TMIB is available on the last Wednesday of every month here, or wherever you get your podcasts, for your listening enjoyment. Join us on your commute, at your desk, or at home.
Topic: The Economy and Interest Rates – Where Are They Going?
In December 2021, The Federal Reserve indicated it will accelerate the reduction of monthly bond purchases and signaled the possibility of raising the Fed Funds Rate in the first half of 2022 given rising prices and strong economic growth. Will the Fed miss the mark and raise rates too slowly to be effective against inflation, or too quickly and precipitate a recession? Our podcast guests, Dorothy Jaworski, SVP and Directory of Treasury and Risk Management at Penn Community Bank, and Hugh Blaxall, Managing Partner at VBC, discuss expectations regarding interest rates and the direction of the economy in 2022. Listen to this important episode!
Dorothy Jaworski Biography
SVP and Treasurer, Penn Community Bank
Dorothy Jaworski has worked at large and small banks for over 40 years; much of that time has been spent in investment portfolio management, risk management, and financial analysis. Ms. Jaworski has been with Penn Community Bank and its predecessor since November 2004. She is the author of Just Another Good Soldier, and Honoring Stephen Jaworski, which details the 11th Infantry Regiment’s WWII crossing of the Moselle River where her uncle, Pfc. Stephen W. Jaworski, gave his last full measure of devotion. Ms. Jaworski has an MBA focused in Finance from Temple University.
Hugh Blaxall Biography
Managing Partner, VBC
Hugh Blaxall is a co-founder and Managing Partner of VBC. Hugh provides strategic leadership in several key areas including delivery of quality services, product development and enhancement, business insights and optimization and the achievement of VBC’s overall goals and objectives. His finance and econometric background was instrumental in building the firm’s deposits and loans analyses and modeling services. Hugh has spoken on risk-related topics with numerous bank & credit union boards, risk committees and at local, regional and national conferences. He has also authored articles for financial industry trade publications and trained federal and state examiners on the topic of model validation.
Prior to founding VBC, Hugh spent over seven years as Vice President with Janney Montgomery Scott, LLC, a national investment firm where he provided risk modeling and consulting for institutions ranging from de novo to multi-billion-dollar asset sized institutions. Earlier experience includes income and balance sheet forecasting and development and implementation of the Credit Card Model for interest rate risk measurement at Fleet Card Corporation; implementing funds transfer pricing and interest rate risk modeling for credit cards in the Treasury department at Advanta Corporation; and extensive financial and statistical analysis in the Asset/Liability Management department at Advanta Corporation. Mr. Blaxall received his M.S. in Economics from Wye College, University of London and his M.A. in Economics with Honors from the University of Edinburgh, Scotland.
Relevant Link:
Financial Markets & Economic Update by Dorothy Jaworski
This podcast relates to The Kafafian Group’s Strategic Management service. Click here for more information.
Watch for episode 74 of This Month in Banking to be released on Wednesday, February 23rd, 2022, and a new episode on the last Wednesday of every month.
Thank you for listening!