Stuart G. Hoffman is senior vice president and chief economist for The PNC Financial Services Group and serves as the principal spokesperson on all economic issues for PNC. Hoffman has been recognized as one of the most accurate economic and interest rate forecasters in the prestigious Wall Street Journal economic survey covering the 1988 to 2014 period.
Hoffman joined PNC in 1980 after a six-year tenure with the Federal Reserve Bank of Atlanta. He became vice president and senior economist for PNC in 1987 and was elected senior vice president and chief economist in 1991.
He is frequently quoted in The Wall Street Journal, The New York Times, Financial Times and Barron’s. He is a regular guest on CNBC and Bloomberg TV. In addition, he is regularly interviewed by the Associated Press and Reuter’s news wire services and NPR.
Hoffman is past president and lifetime member of the American Bankers Economic Advisory Committee, which meets regularly with the Federal Reserve Board of Governors chaired by Janet Yellen. Hoffman is a past president of the National Association for Business Economics (NABE). He also serves on the board of directors of the Economic Club of Pittsburgh – the local chapter of National Association for Business Economics (NABE).
Hoffman is a 1971 graduate of Pennsylvania State University. He received a master’s degree in 1973 and a doctorate degree in economics in 1975, both from the University of Cincinnati, where he was a Charles Phelps Taft Memorial Fellow. In 2004, the University of Cincinnati honored him as a Distinguished Alumnus and in 2011 presented him with The Carl Lindner Award for Outstanding Business Achievement.