Economic Update

Thursday, February 20, 2020 - 11:45 am

This session will broadly cover the U.S. economy and global markets, including the huge rise in the stock market. We will discuss the impact the

Federal Reserve’s actions have had on short-term interest rates and the potential outlook for rate moves in 2020. Current investment options for

Pennsylvania public investors will also be covered.

Topic areas will include:
  • U.S. economy and global markets, the impact of the Federal Reserve's actions, short-term interest rates
Registration/Lunch - 11:45 am
Presentation - 12:30 pm to 2:30 pm
  • Michael Varano
    Managing Director/PFM Asset Management LLC
    Michael Varano is a Managing Director of PFM Asset Management LLC and has been Senior Portfolio Manager for PLGIT since 1985. He is a member of PFM’s Investment Committee and Credit Committee as well as the firm’s Employee Advisory Committee. At PFM, Michael leads a team of portfolio managers, traders and research staff responsible for the management of more than $30 billion in money market funds for public agencies in 13 separate state programs. Additionally, he manages, develops strategies, and determines asset allocation for the investment of over $4 billion of assets in individual portfolios for school districts, cities, counties, state and local government agencies and self-insurance organizations. These assets include operating and surplus funds, bond proceeds, and self-insurance reserves. Michael holds a Bachelor's Degree in Accounting - Business Administration from Bloomsburg University.
Event Questions? Richard D. Livergood -
Continuing Education Credit: Yes, Program level of difficulty - Overview / 2 Hours of Continuing Education Credits - Specialized Knowledge and Applications

Chester County Chester County Government Services Center 601 Westtown Road, Suite 171 West Chester, PA 19380

(610) 344-6000
Cost: $25.00 Members / $25.00 Non-members / $25.00 Students

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