Brian Wesbury last month joined the Chicago investment bank of Griffin, Kubik, Stephens & Thompson Inc. as chief economist.
FOr the last year, Mr. Wesbury served as vice president and economist at the Chicago Corp. Previously, he had worked as an economist at both Stotler Economics and Harris Bank.
Mr. Wesbury said he would concentrate on "interest rates, forecasting, and financial markets" at Griffin Kubik, which ranked third in The Bond Buyer's listing of senior managers of bank-qualified issues last year.
The economy remains sluggish right now, he said, and "when the economy is slow, inflation is low." Mr. Wesbury expects the yield on the Treasury 30-year -- which is now about 8% -- to trade between 7% and 7 1/2% by the middle of next year.