November 7-8, 2019 | Dallas, Texas
SLC Fiscal Affairs & Government Operations Committee Delegation
Federal Reserve Bank of Dallas
A delegation of fiscal officers from the Southern Legislative Conference (SLC) traveled to Dallas, Texas, to visit the Federal Reserve Bank of Dallas and receive briefings on the state of the economy. One of 12 regional Reserve Banks in the Federal Reserve System, the Federal Reserve Bank of Dallas serves the Eleventh Federal Reserve District, encompassing Texas, northern Louisiana and southern New Mexico. The Eleventh District is one of six that consists of all or parts of SLC member states.
Under the leadership of President Robert Kaplan, the Federal Reserve Bank of Dallas has established itself as an expert on the implications of technology-enabled disruption for businesses, the workforce and education.
The experts at the Federal Reserve Bank of Dallas engaged participants on a variety of important economic and fiscal topics and trends. Participants began the delegation with briefings on the background and role of the Federal Reserve system, as well as information on its partnerships with both public and private sector community leaders.
Participants also discussed the national economic outlook and future recession risk, as well as the effects of technological innovation in disrupting the workforce and challenging existing education policy. Bank economists also briefed delegates on the influences of immigration policy and changing demographics on economic growth, as well as the United States-Mexico economic relationship, the anticipated impact of the new USMCA trade agreement, and energy market trends.
Delegation participants included Senator Steve Livingston, Alabama; Representative Clay Pirkle, Georgia; Representative Steve Rudy, Kentucky; Representative Patsy Hazlewood, Tennessee; and Senator Craig Blair, West Virginia.