In this episode we are privileged to host Bill Strauss, Senior Economist and Economic Advisor at the Federal Bank of Chicago and the Fed’s leading expert on US manufacturing. Bill offers perspective on the slow recovery of the US manufacturing sector from the Great Recession and on the much-discussed issue of manufacturing productivity. The interview then turns to various elements of US manufacturing competitiveness including technology, workforce, and the value of the dollar. The discussion concludes with Bill’s thoughts on manufacturing subsectors.
William A. Strauss is a Senior Economist and Economic Advisor in the Economic Research Department at the Federal Reserve Bank of Chicago, which he joined in 1982. His chief responsibilities include analyzing the current performance of both the Midwest economy and the manufacturing sector for use in monetary policy. He organizes the Bank’s Economic Outlook Symposium and Automotive Outlook Symposium. In addition, he conducts industrial and manufacturing roundtables throughout the year.
Mr. Strauss earned a B.A. in economics and geography from the State University of New York at Buffalo, and an M.A. in economics from Northwestern University. Mr. Strauss is a Certified Business Economist™ (CBE).
He has taught as an adjunct faculty member at Loyola University Chicago and Webster University in Chicago. He currently teaches at DePaul University Kellstadt Graduate School of Business, and at the University of Chicago Graham School of Continuing Liberal and Professional Studies. At the latter institution, he was named winner of the 2010 Excellence in Teaching Award in the Business and Professional Programs. He was recognized by the University at Buffalo as a Distinguished Alumni in 2012. Strauss was named a Fellow of the National Association for Business Economics in 2017.
His research papers include analysis of the manufacturing sector, the automotive sector, the Midwest regional economy, the trade-weighted dollar, business cycles, and Federal Reserve payments operations.
Mr. Strauss has been interviewed on numerous television and radio shows and quoted in the major business magazines and newspapers. He has also provided testimony concerning manufacturing issues to the U.S. Senate