Economic Forecast 2008
Paul L. Kasriel
Sr. Vice President & Director of Economic Research The Northern Trust Company
January 5, 2008
Paul joined the economic research unit of The Northern Trust Company in 1986 as Vice President and Economist, being named Senior Vice President and Director of Economic Research in 2000. His economic and interest rate forecasts are used both internally and by clients. The accuracy of the Economic Research Department�s forecasts has consistently been highly-ranked in the Blue Chip survey of about 50 forecasters over the years. To that point, Paul received the prestigious 2006 Lawrence R. Klein Award for having the most accurate economic forecast among the Blue Chip survey participants for the years 2002 through 2005. Through written commentaries containing his straightforward and often nonconsensus analysis of economic and financial market issues, Paul has developed a loyal following in the financial community. The Northern�s economic website was listed as one of the top ten most interesting by The Wall Street Journal. Paul is often quoted in the local, national and international media. Paul is the co-author of a book entitled Seven Indicators That Move Markets. In addition to being a member of the American Economic Association and the National Association of Business Economists, Paul serves on the Economic Advisory Committee of the American Bankers Association.
Paul began his career as a research economist at the Federal Reserve Bank of Chicago where he analyzed developments in the money and capital markets. He was promoted to the official staff and given the responsibility of organizing and leading the monetary policy briefings for the Bank's president. Paul currently is a lecturer in finance at the DePaul University Kellstadt Graduate School of Business and has been a lecturer in finance at the Northwestern University Kellogg Graduate School of Management. Paul's passion for educating the public on economic matters is reflected in his oral and written presentations.
Paul was graduated with honors from the University of South Florida, receiving a Bachelor of Arts degree in economics. He received a Master of Arts degree in economics from Indiana University.