There remain many questions regarding inflation: Just how bad is it? How do you get rid of it? When will it ease? In the simplest sense, it’s too much money chasing too few goods and services. Demand outstrips supply and the ‘curves cross’ higher up the price axis. We pay more for everything. By the latest and greatest numbers - overall 8.2% more.
Practically speaking, everything costs more than 7.7%% than it did the month prior. Food is up 10.9%; energy 17.6%. In the not-too-distant past, inflation was deemed to be ’transitory’; a fleeting bump in prices that would soon ebb. Didn’t happen yet.
Then came the constant drip-drip-drip of interest increases all intended to slow down the demand and rebalance the supply/ demand curves. Nope, still hanging in there. As interest rates increased, it cooled the real estate markets in some areas.
Followed by the ‘inflation reduction act’ - first time in recorded history that humans will attempt to cool inflation by spending more money.
Come listen and have a discussion with a distinguished group with the requisite expertise and knowledge inform us on
What’s going on? Who’s in charge? What’s happening to us? And if they had the controls, what can be done to fix it for real?
We welcome you to be present for this Tower Forum discussion.
Broward County Market President (Formerly Chairman & CEO of Legacy Bank of Florida) | Broward Market President
Daniel M. Gropper, Ph.D.
Dean of the College of
Retired Regional Executive of the federal reserve Bank in Atlanta
Thank you to our Sponsor!
*Please note that participants subject to change.
Dennis Bedley delivers an outstanding record of success leading and advising financial institutions. Recently, Dennis started and led Legacy Bank of Florida as Chairman and Chief Executive Officer before its acquisition by Seacoast Bank in August 2021. Legacy Bank was a $600+ million, locally owned bank headquartered in Boca Raton, Florida with offices in Boca Raton, West Palm Beach, Fort Lauderdale, Delray Beach and Pompano. (Sold for the highest premium within the U.S. in the past 5 years.)
Previously, Dennis served as President and CEO of Southern Community Bank of South Florida in Boca Raton, Florida from April 2000 until the merger of Southern Community Bancorp with First National Bank of Florida, Inc. out of Naples, Florida in September 2004. First National Bank Corporation subsequently announced intentions to merge with Fifth Third Bank in Cincinnati, Ohio. (Bank sold for 3.6X book.)
Daniel Gropper is in his 10th year as Dean of the College of Business at Florida Atlantic University. A graduate of the University of Maryland and Florida State University, he joined FAU after 25 years at Auburn University, where he was Associate Dean in the Harbert College of Business. He has helped raise millions of dollars to support students and faculty at FAU and has helped lead FAU’s College of Business programs to multiple top 50 rankings in U.S. News & World Report and Princeton Review. He has taught classes in Macroeconomics, Money & Financial Markets and Political Economy.
Dr. Gropper has more than 50 grants and refereed journal articles; his research has attracted funding from the federal government and private sector. His work has also been quoted in popular business publications including Forbes, The Economist and U.S. News & World Report, and has been highlighted by the London School of Economics and the U.S. Chamber of Commerce. In the community, Dan has served on local advisory boards for Comerica and Legacy bank; he was elected to the Board of Directors for the Boca Raton Chamber of Commerce in 2022, and he served on the Greater Ft. Lauderdale Alliance TechGateway initiative. He was also elected to the Southern Business Deans Board of Directors in 2020.
Daniel M. Gropper, Ph.D.
Karen Gilmore recently retired as the vice president and regional executive at the Miami Branch of the Federal Reserve Bank of Atlanta. She represented the bank throughout the southern half of Florida and was responsible for the Miami Branch’s board of directors, leads Miami’s community economic development outreach activities and oversees its economic and financial education programs. As part of the Regional Economic Information Network she is responsible for economic intelligence gathering in the local business and academic community to support the Atlanta Bank’s contributions to the monetary policy process.
Before joining the Bank, Karen was a managing partner at Applied Consulting Solutions, a Miami-based bank consulting firm that specialized in credit risk, lending production including underwriting and loan approvals, compensation and incentive plans, corporate strategic planning, budgeting, and business plan development strategies.