Global Shocks Facing the US Economy

PAST EVENT VIDEO

Panel

A conversation on how the Russia-Ukraine war and ongoing shutdowns in Asia are disrupting a global economy still affected by COVID-19.

A board showing currency exchange rates on display in Moscow

Reuters

Speakers

Paul Burroughs
Jon Carson
Betsey Stevenson
Kathleen Hays

Event Date

June 14, 2022

About This Event

Q1 2022 has found new ways to rock the global economy and financial markets, just as recovery from the pandemic seemed within reach. War in Ukraine has disrupted energy markets and threatens food supplies. Sanctions on Russia have cut off the 11th largest economy in the world to most of the west, and Omicron’s spread in China is further snarling global supply chains. And these developments are fueling levels of inflation not seen in decades. Industry experts discuss the state of the economy, business, and what might lie ahead.

NOTE

Members of the President’s Club and above are invited to join the speakers for an off-the-record Q&A session following the public broadcast via Zoom. To participate in this experience with other members of the Council community, join our President's Club today or contact our membership team at +1 312-256-8559.

About the Speakers

Paul Burroughs

North America Head of Corporate Banking, Citi

Paul Burroughs is the North America Head of Corporate Banking and Global Chief Operating Officer at Citi's Corporate Bank. During 24 years at Citi, he has held several roles focused on enhancing the growth in revenues and returns, developing talent, and global connectivity.

Jon Carson

Senior Vice President, Retail, Blue Yonder

Jon Carson is the Senior Vice President of Retail at Blue Yonder, where he leads the North America Retail Business Unit. He joined JDA Software (now Blue Yonder) in 2001 after a variety of leadership roles at HQ. Prior to this, he led numerous digital and supply chain transformation projects with leading global retail clients, including Walmart, Lowe’s, Advance Auto, Office Depot, and Macy’s.

Betsey Stevenson

Professor of Public Policy and Economics, University of Michigan

Betsey Stevenson is a professor of public policy and economics at the University of Michigan. She served as a member of the Council of Economic Advisers from 2013 to 2015, where she advised President Obama on social policy, labor market, and trade issues. She also served as the chief economist of the US Department of Labor from 2010 to 2011.

Kathleen Hays

Global Economics and Policy Editor, Bloomberg Media

Kathleen Hays covers economies and central banks around the world, from the Federal Reserve and the European Central Bank, to the Bank of Japan and the People’s Bank of China. Recognized as one of the top economics reporters and anchors in the country, Hays has covered the US economy and the Federal Reserve for more than 30 years.