On Thursday, March 28, Cindy Ivanac-Lillig, an economic outreach specialist from the Federal Reserve Bank of Chicago, came to SVSU to give a presentation about how the central banking system influences the U.S. economy.
The event, which took place at 6 p.m. in Curtiss Hall seminar rooms D and E, had free admission and drew members of the general public in addition to SVSU business students.
Many of the student attendees are currently enrolled in economics courses at SVSU, as well as members of the SVSU Economics Club, which is the group that organized the event.
Assistant professors of economics Kellie Konsor, Kevin Meyer and Micah DelVecchio are the faculty advisors of the club, and they all assisted with scheduling and advertising for the event. However, the initial contact with Ivanac-Lillig was made by the economics department chair, Kaustav Misra.
“(Ivanac-Lillig’s) presence on campus can be attributed to Kaustav Misra, who has been in contact with her about visiting campus as a guest speaker,” Konsor said.
Meyer noted that while he and his fellow co-advisors help the club with fundraising, planning and marketing when needed, the members are very self-motivated.
“They do all of the hard work,” Meyer said, “and they were very excited to see what first-hand information Ivanac-Lillig would have to share with us about the Fed.”
Ivanac-Lillig received a bachelor’s degree in finance from Boston College and a master’s degree in international affairs and economics from Johns Hopkins University and has worked with the Fed since 2008.
Ivanac-Lillig first explained exactly what the Fed is, and how it works. She then explained what its primary functions are in the economy of the U.S., as well as the differences between monetary policy and fiscal
“It’s important to understand factors that affect the economy so that you can be an informed citizen and voter,” Meyer said. “This was a rare opportunity to learn about it from someone directly from the Fed who has experience explaining its role to the general public.”
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