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Virtual Lunch and Learn


2022 Economic Forecast

Augustine Faucher

Augustine Faucher
Chief Economist
The PNC Financial Services Group

Christopher Briem

Christopher Briem
Regional Economist
University of Pittsburgh's University Center for Social and Urban Research

Jeffrey Mortimer, CFA

Jeffrey Mortimer, CFA
Director of Investment Strategy
BNY Mellon Wealth Management

Risa Kumazawa

Risa Kumazawa
Associate Professor of Economics
Palumbo-Donahue School of Business
Duquesne University


Webinar Details

Date and Time:

Thursday, January 27, 2022 from Noon EST


Ninety Minutes

This webinar is open to members and non-members. For members, complimentary registration is a benefit of PAFP membership. For non-members, there is a $20.00 registration fee.


Session Description

What can we expect to see in the new year? Join us for a spirited discussion by a panel of nationally recognized experts presenting their outlooks on the global, national, and regional economies for 2022. Sponsored by the Philadelphia AFP, the Pittsburgh AFP, The Economic Club of Pittsburgh, Duquesne University School of Business, and the Risk Management Association.


Speaker Bios

Augustine (Gus) Faucher

Augustine (Gus) Faucher is senior vice president and chief economist of The PNC Financial Services Group, serving as the principal spokesperson on all economic issues for PNC.

Prior to joining PNC as senior macroeconomist in December 2011, Faucher worked for 10 years at Moody’s Analytics (formerly, where he was a director and senior economist. He was responsible for running the firm’s computer model of the U.S. economy, edited a monthly publication on the U.S. economic outlook, covered fiscal and monetary policy, and analyzed various regional economies. Previously, he worked for six years at the U.S. Treasury Department, and taught at the University of Illinois at Urbana-Champaign. He was named senior vice president in March 2015, deputy chief economist in February 2016, and to his current role in April 2017.

Faucher is frequently cited in international, national, and regional media outlets including The Wall Street Journal and The New York Times. He has appeared on ABC World News, CBS Evening NewsNBC Nightly News and Nightly Business Report, and is regularly featured on CNBC, CNN and Fox Business. In addition, he appears regularly on CBS Radio, NPR and Marketplace.

He serves on the board of directors of The Economic Club of Pittsburgh - the local chapter of National Association of Business Economics (NABE). He is also co-chair of the Financial Roundtable of NABE.

Faucher earned a Ph.D. in economics from the University of Pennsylvania, with concentrations in labor economics and public economics. He also has a B. A. in economics from Cornell University.

Christopher Briem

Christopher Briem is a regional economist with the program in Urban & Regional Analysis at the University of Pittsburgh’s Center for Social and Urban Research (UCSUR). His work focuses on regional competitiveness, economic and demographic forecasting, and industry analysis in the Pittsburgh region. His undergraduate degree is from Princeton University, and he holds a master’s degree in Public Policy and Administration from the School of Public and International Affairs at Columbia University.

Jeffrey Mortimer, CFA

Jeffrey Mortimer is the director of investment strategy for BNY Mellon Wealth Management. In this role, he leads a team that sets capital market expectations and is responsible for making asset allocation recommendations.

Jeff has more than 25 years of experience in the financial services industry. Prior to joining the firm, Jeff worked for Charles Schwab for 13 years in increasingly senior positions, culminating with his appointment as chief investment officer. He also worked for nearly 10 years in boutique firms in the Boston area, serving high net worth individuals and families.

He is a national speaker on issues of investment strategy, the financial markets and the economy. He has been featured in numerous media outlets, including Barron’s, Fortune, Bloomberg and CNBC. He serves on the Advisory Board for the Stephen D. Cutler Center for Investments and Finance at Babson College.

He earned a Master of Business Administration from University of Chicago Graduate School of Business and holds a Bachelor of Science from Babson College

Risa Kumazawa

Risa Kumazawa is an Associate Professor of Economics in the Palumbo Donahue School of Business. She received her Ph.D. in Economics from the University of Texas at Austin, specializing in Econometrics and Labor Economics. She has previously served as Department Chair of Economics and Finance at Duquesne, a Principal Investigator of an Office of Naval Research grant and a confidential data researcher with the Bureau of Labor Statistics. Her research has been published in a number of scholarly journals including Applied Economics and Manchester School.

Dr. Kumazawa currently serves as President of the Economic Club of Pittsburgh. She is a member of the American Economic Association and the Eastern Economic Association. Her recent speaking engagements have included the Federal Reserve Bank of Cleveland, KPMG Banking Symposium, NACD Three Rivers, Association for Corporate Growth (ACG), Pittsburgh Venture Capital Association (PVCA), Turnaround Management Association (TMA), Commercial Real Estate Development Association (NAIOP) and Building Owners and Managers Association International (BOMA). She has made media appearances for KDKA-TV, WPXI, WTAE-TV, PCNC, KDKA-Radio, WESA, the Pittsburgh Post-Gazette, the Tribune Review and the U.S. News and World Report.