Jenner & Block

Berman Provides Opening Remarks for Chicago Federal Reserve President's Economic Forecast

Jenner & Block Partner Debbie L. Berman recently gave introductory remarks at the Jewish United Fund/Jewish Federation of Metropolitan Chicago Trades, Industries & Professions Division (JUF-TIP) Giving Society Lunch that featured a keynote address by Michael Moskow, president and chief executive officer of the Federal Reserve Bank of Chicago.

Ms. Berman, who serves as JUF-TIP Chairman, welcomed the more than 150 guests who were members of the JUF-TIP giving societies by their contributions of $5000 or more to the 2007 JUF Annual Campaign, and thanked them for their leadership gifts to the organization.  “All of you serve as role models for others within your professions,” she said.

Following Ms. Berman’s remarks, Mr. Moskow provided an economic forecast for 2007.  Among other things, he addressed the impact of recent trends in housing, consumption, business investment, international trade and inflation.  A voting member of the Federal Open Market Committee, the Federal Reserve System’s most important monetary policymaking body, Mr. Moskow warned that despite recent soft economic data, interest rate hikes could still be needed to combat the threat of inflation.

“Some additional firming of policy may yet be necessary to address [the] inflation risk,” he said.  “Of course, whether policy will need to be adjusted and the degree of any adjustment will depend on the data we see in the months to come and how that data influences our forecast of the economy.”

Held at the Standard Club, the program commenced a series of similar networking events for members of the various JUF professional divisions who, as individuals, make annual contributions to JUF of at least $5,000.

The JUF-TIP is comprised of 19 divisions that offer professionals the opportunity to connect with colleagues both within their industry and in other industries.  As Chairman, Ms. Berman plans to expand opportunities for cross-divisional programming, create new giving societies, develop young professionals groups within the various divisions, increase opportunities for professional women and commence a mission to Israel to meet with Israeli business leaders.

Ms. Berman, who is Co-Chair of the Firm’s Trade Secrets and Unfair Competition Practice, is currently seated on the JUF/Jewish Federation’s board of directors and is the secretary and a member of its Executive Committee.  She was honored by the JUF/Jewish Federation in 2005 with its coveted Davis, Gidwitz & Glasser Award, which recognizes “young leaders who represent an ideal of dedication and service to the Jewish community.”