Joan Woodward, Executive Vice President of Public Policy at Travelers, and President of The Travelers Institute spoke before clients and employees of Fairfield County Bank, Fairfield County Bank Insurance Services, and Fairfield County Financial Services at The Maritime Aquarium at Norwalk.
Mrs. Woodward discussed the impact of COVID-19 on the economy, as well as current and future trends of spending and inflation in the markets.
Mrs. Woodward’s presentation highlighted the correlation between governmental decisions and the health of the economy, discussing trends across 4 decades of Presidents. She also analyzed the market’s recovery from the recession-related to COVID-19, from an economist’s perspective, ending with a discussion on the current state of the market.
“After the last two years, we wanted to provide our clients with the opportunity to hear Joan Woodward speak to the current state of the economy. Mrs. Woodward gave a wonderfully informative presentation,” said David Schnieder, Fairfield County Bank’s Chief Executive Officer. “We are also thrilled to have been able to hold our Client Reception at The Maritime Aquarium, a client with whom we have had a long-standing relationship.”
Mrs. Woodward had a wide-range of experience to pull from. Mrs. Woodward spent 10 years working at Goldman, Sachs, & Co. prior to her current role, as well as spending 12 years on Capitol Hill working as Deputy Chief of Staff for the Senate Finance Committee working for Chairman Bill Roth, where she was instrumental in creating the Roth IRA. She was also the Chief Economist for the Senate Governmental Affairs Committee and the U.S. House Budget Committee under Chairman John Kasich.
In lieu of a speaking fee for Mrs. Woodward, Fairfield County Bank donated $5,000 to the Maritime Aquarium.