Claar to serve on Federal Reserve advisory board

Dr. Victor Claar, professor of economics at Henderson State University, has been selected to serve on the Federal Reserve Bank of St. Louis, Little Rock Branch, Educator Advisory Board.

Board members provide invaluable feedback about materials, programming, and opportunities to provide professional growth for teachers. They help the Reserve’s economics education staff stay in close contact with best practices and trends in education at the classroom and administration levels.

The board consists of teachers, administrators, professors, and department of education representatives.

Claar said he attended his first meeting Thursday where he learned about new resources available from the Federal Reserve that can be helpful in the classroom.

“I wasn’t aware how broad the resources are, especially web-based resources. They offer complete teaching curricula,” Claar said. “The Fed has worked really hard to come up with a lesson plan and some cool resources so that you can pretty much bring a lesson to your classroom or online learning environment that would have taken hours to develop yourself.”

Claar said the Federal Reserve has put a strong emphasis on economic education. All resources are developed and provided at no cost to the taxpayer, and are offered to everyone free of charge.

“Our goal is to be ambassadors and evangelists for what the Fed is doing and the resources they have available,” Claar said. “In turn, we share back with them the things that would be most useful for them to do.”

Dr. Louis Dawkins, dean of Henderson’s School of Business, said Claar’s participation on the board will benefit both the Federal Reserve Bank and Henderson.

“Victor Claar is an outstanding faculty member who is highly talented and highly respected by his peers,” Dawkins said. “He will be a great ambassador for the Federal Reserve Bank’s advisory board and will bring many great ideas to the table.

“Dr. Claar’s collaboration with other educators on the board, combined with the resources provided by the Federal Reserve Bank, will no doubt benefit him and his students at Henderson.”

To read more about the Federal Reserve Bank of St. Louis’s education resources, go to stlouisfed.org/education.