C-Circle – TRUMPANOMICS – The Economic Outlook for 2017

Date: Thursday, January 19, 2017
Time: 8:00am-10:00am
Location: Morgan Lewis
1400 Page Mill Road
Palo Alto, CA 94304


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The ACG Silicon Valley C-Circle, now in its fifth year, proudly announces that it has attracted a following of approximately 250 CEOs and C-Level executives and achieved a regular attendance of 35 executives per session.

Topic

TRUMPANOMICS – The Economic Outlook for 2017

In 2016, the U.S. experienced a highly divisive election and two vastly different economic visions for the country. Among other things, President-elect Trump has promised to terminate regulations, unleash America’s energy industry and cut income taxes, including corporate income taxes. He has also pledged to rebuild the military, roads and bridges while adopting the “Penny Plan” with respect to the federal budget.

Please join us for a lively discussion on the outlook for Trumpanomics and what 2017 holds for the U.S. economy and Silicon Valley.

  • What is the current state of the U.S. economy with respect to GDP growth, “real” unemployment rate, inflation and wages?
  • What will be the probable impact on unemployment, wage rates and economic growth of “unleashing” America’s energy sector?
  • What is the likely economic impact of reducing regulation?
  • Do you expect to see a repatriation of corporate offshore profits?  If so, what will be the likely economic impact?
  • What is the anticipated economic impact of the proposed tax cuts?
  • Will the $20 trillion national debt be a drag on the economy?
  • Is there any realistic solution?
  • What is the outlook for interest rates?
  • President-elect Trump vowed to renegotiate NAFTA and be tougher on trade.  What are the likely economic consequences of this approach?
  • What is the outlook for the technology sector?
  • What is the outlook for Silicon Valley?
  • Is there a wave of optimism among Americans regarding the economy?

 

Guest Expert

 

Scott A. Anderson, Ph.D.

Chief Economist/Executive Vice President
Bank of the West

Scott Anderson is a Chief Economist and Executive Vice President at Bank of the West. In this role he analyzes and forecasts international, national and regional economic trends for Bank of the West management, business lines and clients. He currently authors Instant Analysis reports of daily economic releases, a weekly U.S. Outlook Report with longer-term economic and interest rate forecasts. He also creates international chart books on China and European economies, as well as regional reports on the California Outlook and a broader Regional Quarterly Review report. As an experienced economic advisor in the financial services sector, Anderson has consistently been recognized as one of the Top economic forecasters in the country by Bloomberg and USA Today.

Scott’s economic research is widely read and cited by the financial and business communities, and he is a sought after national expert and speaker on macroeconomics issues. He is currently a regular contributor to Forbes. He has appeared in numerous print, television and radio media outlets which include the New York Times, Washington Post, Los Angeles Times, Bloomberg, CNBC and NPR.

He was appointed Chairman of the American Bankers Association Economic Advisory Committee in 2012 and has served on the Committee since 2004. In 2015, he was appointed to the California Council of Economic Advisors. Among his numerous professional affiliations, Anderson is a member of the Federal Reserve’s Survey of Professional Forecasters and the National Association of Business Economists.

Prior to Bank of the West, Scott was a Director and Senior Economist at Wells Fargo where he produced the macroeconomic forecast and was the author of global outlook reports, U.S. economic and financial commentary and regional California and Minnesota Outlook reports. Anderson has also held positions at Moody’s Analytics in Philadelphia and the International Monetary Fund in Washington D.C.

Anderson earned his Bachelor’s Degree in Economics from the University of Minnesota and his Doctorate in Economics at George Washington University.