Sliver City NM- On Thursday, November 5th, the WNMU School of Business hosted a guest speaker, Dr. Roberto Coronado, at the GRC building. Coronado, the Assistant Vice President-In-Charge and Senior Economist at the El Paso branch of the Federal Reserve Bank of Dallas, spoke to students and faculty about monetary policy and the influence that it has on job markets and the economy.
Coronado explained the Federal Reserve’s purpose and structure to those in attendance. The Federal Reserve System is used to provide the government with loans and also monitors and holds federal funds. The policies of this system are carried out by the banks, which are divided into twelve districts, with the Dallas district overseeing all of Texas, along with parts of New Mexico and Louisiana. Aside from the El Paso branch, there are also locations in Houston and San Antonio.
Aside from overseeing the goings-on of the El Paso branch, Dr. Coronado is also in charge of the Branches outreach activities. These include traveling and giving presentations and speeches, with the goal of informing the public about the role of the Federal Reserve, and its importance.
Dr. Coronado also gave us an economic update during his presentation, sharing our countries economy as of now. He also shared New Mexico’s part in the economy as well.
For more information on the Federal Reserve System, and the banks that take care of it, you can visit www.federalreserve.gov and if you are interested in more of the happenings of the School of Business, a panel called “My Entrepreneurial Life” featuring local business owners will be held on November 18th, at 5:30pm at the GRC building.