September 25, 2020

An Economy in the Balance

During the first event in City National Bank's three-part "Beyond the Ballot" series, Dr. Ben Bernanke, former chair of the U.S. Federal Reserve, joined City National Chairman Russell Goldsmith for a virtual fireside chat.

With an historic election around the corner, the two discussed the economic and fiscal impacts of the coronavirus pandemic, the need for additional economic stimulus and infrastructure investment from Congress and how record U.S. deficits could affect the country's future.

From their conversation, you'll learn more about:

  • The U.S. economy and GDP in the past nine months: a weak first quarter, a historically negative second quarter and a significant rebound in the third quarter.

  • The impact of the Fed's policies this year on the state of the economy.

  • Employment data, and whether or not there should there be a massive economic recovery program that would further stimulate the economy and help the Fed achieve its goal of maximizing employment.

Click the link above to join the conversation.

In this election season and always, City National Bank remains committed to delivering objective, nonpartisan market analysis and investment guidance, with the goal of helping our clients make informed financial decisions.

You are encouraged to keep up-to-date with the latest market news, innovation and shifting global markets during the pandemic by signing up for City National Bank's newsletter here. Delivered weekly, straight to your inbox.

This presentation is for general information and education only. It is provided as a courtesy to the clients and friends of City National Bank (City National). City National does not warrant that it is accurate or complete. Opinions expressed and estimates or projections given are those of the speakers or persons quoted as of the original date of the presentation with no obligation to update or notify of inaccuracy or change. This presentation (or any portion thereof) may not be reproduced, distributed or further published by any person without the written consent of City National. Please cite source when quoting.

City National, its managed affiliates and subsidiaries, as a matter of policy, do not give tax, accounting, regulatory or legal advice. Rules in the areas of law, tax and accounting are subject to change and open to varying interpretations. You should consult with your other advisors on the tax, accounting and legal implications of actions you may take based on any strategies presented, taking into account your own particular circumstances. In addition, this presentation is not to be construed as an offer, or solicitation of an offer, to buy or sell any financial instrument. It should not be relied upon as specific investment advice directed to the viewer’s specific investment objectives. Any financial instrument discussed in this presentation may not be suitable for the viewer. Each viewer must make his or her own investment decision, using an independent advisor if prudent, based on his or her own investment objective and financial situation. City National (and its clients or associated persons) may, at times, engage in transactions in a manner inconsistent with this presentation and, with respect to particular securities and financial instruments discussed, may buy from or sell to clients or others on a principal basis. Past performance is not necessarily an indication of future results.

City National Rochdale, LLC, is a registered investment advisor and wholly owned subsidiary of City National Bank. RBC Wealth Management, a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC, is a wholly owned subsidiary of Royal Bank of Canada.

City National Bank does business in the state of Florida as CN Bank.

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