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Mauch Chunk Trust Offers Economic Outlook 2023

Carbon Chamber and Economic Development Corporation
137 South Street | Lehighton, PA 18235
Phone: 610.379.5000 info@carboncountychamber.org

 

FOR IMMEDIATE RELEASE        Contact:  Alice Wanamaker 484-274-2080            alicew@carboncountychamber.org
 
Mauch Chunk Trust Offers
Economic Outlook 2023
 
Carbon County, PA – September 28, 2022 - – The Mauch Chunk Trust Company will be offering an Economic Outlook on October 13, 2022 at The Hofford Mill, 500 Bridge Street, Lehighton PA 18235.
 
Dr. Edmond J. Seifried of Seifried & Brew will be the featured guest speaker.  He has his eyes on the Federal Reserve and will report on what that organization is likely to do in the months ahead.  Dr. Edmond j. Seifried, Co-Chairman Emeritus, Seifried & Brew, Professor Emeritus of Economics and Business at Lafayette College and a valued educator for community bank directors, CEOs, senior management, and up and coming community bankers. He has his eyes on the Federal Reserve and will report on what that organization is likely to do in the months ahead. 
 
Presentation: Can the Fed Achieve a soft-landing in its battle against inflation?
Record inflation of over 9%, the highest in decades, has caused the Fed to ramp up interest rates to subdue this inflation monster. Of course, a tight monetary policy comes with substantial risks. The primary risk is whether the Fed can reduce inflation to its long-established goal of 2.0% without throwing the economy into a recession, the so-called soft-landing. If the Fed does not achieve a soft landing, it is very likely we will face the prospect of an economic downturn or recession within the next 1-3 years.
 
By providing the opportunity for communication and education, the Mauch Chunk Trust Company seeks to help community members better maneuver these difficult economic times and the ever-changing economy. “Dr. Ed is always insightful.  He is not your usual economist in that he presents complicated topics in a clear and understandable message; you leave with practical and usable information, “stated Patrick Reilly, CEO and President of Mauch Chunk Trust Company.    
This event is co-sponsored by the Carbon Chamber and Economic Development.  Doors open for registration and breakfast at 7:00 a.m.  Welcome and opening remarks begin at 7:45 am and Dr. Seifried will speak from 8:00 – 8:450 a.m. 
For more information or attendance inquiries, please contact the Carbon Chamber and Economic Development at 610-379-5000 or register online at www.carboncountychamber.org
 
About Mauch Chunk Trust Company:   Incorporated in 1902, Mauch Chunk Trust is the successor institution to the Second National Bank of Mauch Chunk established in 1864.  Mauch Chunk Trust is an independent community bank with its main office located at 1111 North St., Jim Thorpe, Carbon County, PA.  Mauch Chunk Trust operates seven (7) banking offices, including five in Carbon County and in two in Schuylkill County, PA.
 
 
 
 
 
About The Carbon Chamber and Economic Development Corporation:
The members of the Carbon Chamber and Economic Development Corp. are a catalyst for continuously creating cooperative and prosperous businesses to enhance our community.

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