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Federal Reserve Governor to Talk Savings and Investment June 23

As a member of the Federal Reserve Board of Governors, Frederic Mishkin is part of the bank's group that sets the influential target federal funds rate.

Federal Reserve Governor Federic Mishkin will speak at Duke University at 3:30 p.m. Saturday, June 23, about how developing countries can improve their standards of living by strengthening their financial markets.

His address, in the Fuqua School of Business' Geneen Auditorium, is free and open to the public. Directions and parking options are available online.

As a member of the Federal Reserve Board of Governors, Mishkin is part of the bank's group that sets the target federal funds rate, which influences financial products from savings accounts to mortgages. He was a professor of economics and business at Columbia University before joining the Federal Reserve Board in 2006 and has published widely on financial markets. His most recent book is "The Next Great Globalization: How Disadvantaged Nations Can Harness Their Financial Systems to Get Rich."

Mishkin comes to Duke as the keynote speaker for the North American Summer Meeting of the Econometric Society.

"The job of the financial markets is to translate savings back into productive investment," said Duke economist George Tauchen, a host of the conference. "Economists know this, but I think Rick can provide a more nuanced view of it, coming from the policy side that actually has to make it work."