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The Economy: New Paradigm or Old Paradigm?

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  • Alfred Broaddus

Abstract

Ladies and gentlemen, it is a pleasure to be with you today for your 11th Annual Business Expo. I always enjoy visiting the great state of North Carolina, and it is a special privilege to be here in Rocky Mount--a city that is obviously contributing significantly to both our Fifth Federal Reserve District and the national economy through its thriving businesses and industries. But I was also pleased to receive your invitation to speak today for another reason. One of your prominent citizens, Lindy Dunn, the chairman and CEO of Guardian Corporation, served on our Richmond Board of Directors from January 1981 to December 1983, and I have greatly enjoyed seeing him again here on his home turf. Lindy was also a charter member of our Small Business and Agriculture Council and served as chairman of the Council from 1985 to 1988. We are grateful for his guidance and his many contributions to our Bank.

Suggested Citation

  • Alfred Broaddus, 1997. "The Economy: New Paradigm or Old Paradigm?," Speech 101486, Federal Reserve Bank of Richmond.
    • Handle: RePEc:fip:r00034:101486
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    File URL: https://www.richmondfed.org/press_room/speeches/j_alfred_broaddus/1997/broaddus_speech_19971021
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