Senior Vice President, Government Affairs
As senior vice president of government affairs, Brian Cavey represents CoBank before Congress, the administration and regulatory agencies and is based in Washington, D.C.
Prior to joining CoBank, Mr. Cavey served as the vice president of legislative affairs for the National Rural Electric Cooperative Association (NRECA). Before joining NRECA in 2009, Mr. Cavey worked as a lobbyist with the Stanton Park Group representing a diverse group of clients. Mr. Cavey is an accomplished legislative operative with over 20 years of experience on Capitol Hill, in the state capitols, in corporate government affairs and trade association management. Before going into politics, Mr. Cavey was an educator, serving as an assistant to the dean of the Montana State University College of Agriculture, where he was liaison between students and university academic committees.
Mr. Cavey holds bachelors and master’s degrees in agriculture education from Montana State University.
Despite multiple systemic shocks in recent years – COVID-19, trade conflict with China, the Russia-Ukraine war, surging inflation and interest rates – our economy has performed strongly.
The Fed’s relentless 20-month attack on inflation has pushed long-term interest rates to their highest levels in years.
The Russia-Ukraine war, surging inflation, and an energy crisis joined the COVID-19 pandemic this year as major events defining the operating environment for U.S. companies. We can expect to feel the aftershocks in 2023.
As we enter the third year of the COVID-19 pandemic, the virus is still in control of the economy.
The speed of the economic recovery will largely hinge on the availability, dissemination and reach of COVID-19 vaccines, pushing the expected burst of pent-up consumer demand into the latter half of 2021, according to a comprehensive year-ahead outlook report from CoBank’s Knowledge Exchange division.
The U.S. rural economy will continue to face headwinds in 2020 and is expected to underperform relative to the economy of urban America.
The U.S. economy is still performing well by most key measures. However, consumers, investors, companies and other market participants have become more wary about the near-term future with seemingly good reason.