Federal Reserve economist Roberto Coronado met with the Regional Economic Development Association last Thursday to discuss the Federal Reserve, the state of the national and regional economy, and economic research.
Among the topics of discussion were the forces behind the El Paso economy, the linkage between the US and Mexican industrial sectors, the correlation between the El Paso consumer index and the Juarez maquilladora employment, the impact of the dollar/peso exchange rate on El Paso, and the economic impact of Fort Bliss.
REDA is planning to host a public forum with the Federal Reserve sometime in the upcoming months. Stay posted for any developments at www.redautep.org.
Lecture highlights
- Coronado stated that the El Paso unemployment rate has accelerated in recent months, despite still being lower than the national rate.
- Coronado stated that Juarez maquilladora employment is rising, although noted that the trend may be a temporary ripple effect from the US “Cash for Clunkers” program.
