Program and Presentations

73^rd Annual Economic Outlook Conference

November 20–21, 2025

Rackham Building at the University of Michigan
915 East Washington Street
Ann Arbor, MI 48109

8:15am	Registration

8:30am	Continental Breakfast

9:15am	Welcome
	John Leahy, Chair, Department of Economics

Session I
	Presiding: John Leahy, Chair, Department of Economics

	The U.S. Economic Outlook for 2026–2027
	Daniil Manaenkov, U.S. Forecast Lead, RSQE

	Consumer Sentiment in a Year of Change
	Joanne Hsu, Director, University of Michigan Surveys of Consumers

	The State of the US Consumer: Evidence from Numerator Data
	Leo Feler, Chief Economist, Numerator

12:00pm	Lunch

Session II
	Presiding: Michael McWilliams, Senior Economist, RSQE

1:15pm	Afternoon Panel I
	Trade & Tariffs: Where Are We Now and What Should We Expect?
	Linda Tesar, Alan V. Deardorff Collegiate Professor of Economics, University of Michigan
	Aaron Flaaen, Principal Economist, Federal Reserve Board of Governors
	John Ricco, Associate Director of Policy Analysis, The Budget Lab at Yale University

3:15pm	Afternoon Panel II
	AI and the Labor Market—Artificial or For Real?
	Betsey Stevenson, Professor of Public Policy and Economics, University of Michigan
	Michael Horrigan, President, Upjohn Institute

Dinner at Zingerman's Greyline
5:30pm	Happy Hour Networking and Casual Dinner

8:30am	Continental Breakfast

Session III
	Presiding: George Fulton, Director Emeritus, RSQE

9:00am	The Michigan Economic Outlook for 2026–2027
	Gabriel Ehrlich, Director, RSQE

	The Economic Outlook: A Perspective from the Midwest
	Leslie McGranahan, Senior Vice President and Director of Regional Research and Engagement, Federal Reserve Bank of Chicago

	The Residential and Commercial Real Estate Markets in 2026
	David Berson, Chief US Economist, Cumberland Advisors

	Michigan's Auto Industry: the Road Ahead
	Glenn Stevens Jr; Executive Director, MichAuto; Vice President of Automotive and Innovation, Detroit Regional Chamber

12:30pm	Lunch