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Dr. Ed Seifried Enlightens Guests with Economic Forecast

 Monday, May 20, 2013

Dr. Edmond SeifriedOver 100 business professionals were in attendance at Heartland Bank’s 14th Annual Economic Forum at the Jefferson Country Club in Blacklick on May 15, 2013. Once again, the Forum featured the insights and retrospect of Dr. Edmond J. Seifried. Dr. Seifried is Professor Emeritus of Economics and Business at Lafayette College in Easton, Pennsylvania. He serves as Executive Consultant and Chief Economist for the Sheshunoff CEO Affiliation Program and is also a partner in Seifried & Brew LLC, a community bank consulting firm.

As part of the Economic Forum tradition, Heartland Bank also partnered with one of our local community markets for a morning breakfast Forum. Bel Lago provided a beautiful venue for the Westerville market and Heartland was proud to host a group of local business owners and government leaders including State Senator Kevin Bacon and Westerville Mayor Kathy Cocuzzi.

“Dr. Seifried’s presentation gave our guests the insights on the impact of FOMC (Federal Open Market Committee) meetings and Ohio, Pennsylvania and West Virginia’s role in America’s march to energy independence,” stated Scott McComb, Chairman, President and CEO of Heartland Bank. “The Economic Forum is just one of the ways Heartland Bank continues its’ tradition of helping clients by bringing to them sound financial advice and excellent resources to help make valuable decisions.”

Dr. Seifried shared with the audience the positive impact of the drilling of Utica Shale in Ohio and Marcellus Shale in Pennsylvania and how that process can lead to the energy independence of our nation. He also gave an explanation of the GDP (Gross Domestic Product), the stock market and several factors that affect its rise and fall. In addition, he discussed several other economic factors and how they relate to us, including his economic forecast for the next several years.

Heartland provides a quarterly economic update via webinar with Dr. Seifried that is free to the public. To register for this, and any future Heartland Bank events, visit our Webinar Registration page today.

For more information about Dr. Seifried, please visit his website at

As an added bonus for attendees, Dr. Seifried provided a chart of historical interest rates, going back to 1960. This chart documents many of the significant economic events over the past 50+ years such as the introduction of Medicare in 1963, the first OPEC oil embargo in 1973, NAFTA agreement signing in 1993, the terrorist attack of 9-11 and many more.

Download the Historical Rates Chart from April 22, 2013.

Photos From the Event

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