Bush to the Board of Governors of the Federal Reserve. He took office on December 7, 2001 to fill an unexpired term, to end on January 31, 2010. He resigned on June 21, 2006, effective June 30, 2006, in order to run the Public Company Accounting Oversight Board. During his time on the Board, he served as the Board's administrative governor, as Chairman of the Board's Committee on Consumer and Community Affairs, as a member of the Committee on Supervisory and Regulatory Affairs, and as a member of the Committee on Federal Reserve Bank Affairs.
He also served as a Director of the Federal Reserve Bank of Boston. President Reagan nominated LaWare to the Federal Reserve Board in 1988. In spite of the fact that LaWare was a Democrat, Senator Proxmire (D-WI) initially opposed his nomination, but eventually he was confirmed by the Senate. He served on the Federal Reserve Board until 1995. LaWare received honorary doctors degrees from Suffolk University and Northeastern University. He was also honored as Distinguished Citizen by the Boy Scouts of America, the Minuteman Council, and the College of Business of Northeastern University. He died in 2004.
Ben S. BernankeBernankeBen S. Bernanke, Chairman and a member of the Board of Governors of the Federal Reserve System
On February 1, 2006, Bernanke began a fourteen-year term as a member of the Federal Reserve Board of Governors and a four-year term as chairman (after having been nominated by President Bush in late 2005). By virtue of the chairmanship, he sat on the Financial Stability Oversight Board that oversees the Troubled Asset Relief Program. He also served as chairman of the Federal Open Market Committee, the System's principal monetary policy making body. His first months as chairman of the Federal Reserve System were marked by difficulties communicating with the media.
Alan S. Blinder
Blinder has served as the Deputy Assistant Director of the Congressional Budget Office (1975), on President Bill Clinton's Council of Economic Advisers (January 1993 - June 1994), and as the Vice Chairman of the Board of Governors of the Federal Reserve System from June 1994 to January 1996. As Vice Chairman, he cautioned against raising interest rates too quickly to slow inflation because of the lags in earlier rises feeding through into the economy. He also warned against ignoring the short term costs in terms of unemployment that inflation-fighting could cause.
Gramlich (June 18, 1939 – September 5, 2007) was a professor of economics at the University of Michigan and a former member of the Board of Governors of the Federal Reserve. Gramlich graduated from Williams College in 1961 and received a master's degree in 1962 and a Ph.D. in economics in 1965 from Yale University. He joined the Federal Reserve as a research economist from 1965-1970, and was a senior fellow at the Brookings Institution from 1973-1976. He then taught economics and public policy at the University of Michigan from 1976 to 1997, including a term as dean of the Gerald R. Ford School of Public Policy, and returned to Michigan as a professor in 2005.
Tarullo (born November 1952) is a former member of the Board of Governors of the United States Federal Reserve Board since January 28, 2009, in which capacity he served as the chairman of the Federal Financial Institutions Examination Council (FFIEC). In February 2017, Tarullo announced his intention to resign from the Board of Governors in early April 2017. He is also a professor at the Georgetown University Law Center. He specializes in international economic regulation, banking law, and international law. Tarullo was born in Boston, Massachusetts, and graduated from the prestigious Roxbury Latin School in 1969.
Anne R. Pramaggiore
She was named one of Chicago's 25 most powerful women in 2016 and one of Chicago Magazine's 100 most powerful Chicagoans in 2013. She was ranked 5th on Crain's Chicago Business most powerful women list in 2014, the same year she was designated utility industry CEO of the year by Energy Central Magazine. She has also received the Civic Engagement Award from her undergraduate alma mater, Miami University of Ohio. She serves on the boards of Northwestern Memorial Hospital, Motorola Solutions, Babcock and Wilcox Enterprises, DePaul University and the Federal Reserve Bank of Chicago, where she is chair of the board. * Anne Pramaggiore Bio at Exelon
Federal Reserve Board Brainard has been serving as a member of the Board of Governors of the Federal Reserve System since 2014. Brainard serves as Chair of the Committee on Financial Stability, the Committee on Federal Reserve Bank Affairs, the Committee on Consumer and Community Affairs, the Committee on Payments, Clearing and Settlements, and the Subcommittee on Smaller Regional and Community Banking Organizations. Brainard was nominated to the Federal Reserve Board of Governors in January 2014. She was confirmed by the Senate by a vote of 61-31 on June 12, 2014, and began her term on June 16, 2014. Brainard is co‑editor of Too Poor For Peace?
He was previously a member of the Board of Governors of the Federal Reserve from 1963 through 1974. Daane received an M.P.A. and D.P.A. from Harvard University. He died on January 3, 2017 at the age of 98. Faculty Directory page on the Vanderbilt University website. Statements and Speeches of J. Dewey Daane. Bio on the Federal Reserve System website.
Involved in economic policymaking during the Carter and Reagan presidencies, he served on the Council of Economic Advisers from 1977 to 1980, and on the Federal Reserve Board of Governors from 1980 to 1985. Born in Aurora, Illinois, Gramley graduated from Beloit College in 1951. He then earned his Ph.D. from Indiana University.
Larry LindseyLawrence LindsayLawrence Lindsey
He then served as Special Assistant to the President for Policy Development during the first Bush administration Lindsey served as a Member of the Board of Governors of the Federal Reserve System for five years from November 1991 to February 1997. Additionally, Lindsey was Chairman of the Board of the Neighborhood Reinvestment Corporation, a national public/private community redevelopment organization, from 1993 until his departure from the Federal Reserve. From 1997 to January 2001, Lindsey was a Resident Scholar and holder of the Arthur F. Burns Chair in Economics at the American Enterprise Institute in Washington, D.C.
BirminghamBirmingham, ALPratt City
In addition, Birmingham is the home of a branch bank of the Atlanta Federal Reserve Bank. Birmingham's recent political history has gained national attention. During his term as mayor, Larry Langford was arrested on charges of bribery. Langford was convicted in 2010 of accepting bribes in exchange for steering $7.1 million in county revenue to a prominent investment banker. The bribes included $230,000 cash, clothes, and jewelry. Langford was sentenced to 15 years in prison and fined $360,000 by a federal judge. The banker, Bill Blount, and a lobbyist, Al la Pierre, pled guilty and were sentenced to brief prison sentences. Former mayor William A.
President Jimmy Carter appointed him to the Board of Governors in 1979 and he was Vice Chairman for the Federal Reserve System until 1982. In addition, he also served as Chairman of the Florida Institute of Education from 1983 to 1987. On November 23, 2009, Schultz died of Prostate cancer at his Jacksonville home at age 80. List of Vice Chairmen of the Federal Reserve System. Obituary. Harvard University background info. Statements and Speeches of Frederick Henry Schultz. Frederick H Schultz.
He served as governor of the Federal Reserve Board 1973–1976. He died from dementia in Centreville, Virginia. *[https://fraser.stlouisfed.org/title/949 Statements and Speeches of Robert C. Holland]
Rice was appointed to the Federal Reserve Board in 1979 by President Jimmy Carter. He was the second black member, after Andrew Brimmer, who was appointed in 1966. Rice served on the Board for seven years under Chairman Paul A. Volcker. After leaving the Federal Reserve in 1986, Rice served on corporate boards and consulted. Rice died of congestive heart failure on March 10, 2011 at his home in Camas, Washington at the age of 91. * June 1984 issue of Ebony Magazine Interview with Emmett J. Rice. Statements and Speeches of Emmett John Rice.
Federal Reserve Bank of Minneapolis. Ottawa University Alumni Association Outstanding Achievement Award. "Wayne Angell, and Jeremy Siegel", Kudlow & Company, Aug 25, 2009. Statements and Speeches of Wayne D. Angell.
While Federal Reserve officials routinely offer their views on non-monetary questions such as taxes, spending and regulations, it is unusual for a Federal Reserve official to suggest that monetary support should be withheld in order to compel other branches of government to enact the Federal Reserve's favored policies. Five days after the meeting, Warsh published a blistering op-ed criticizing the action he had just voted for. Warsh announced his intent to resign from the Board in a letter sent to President Obama on February 10, 2011, effective around or on March 31, 2011. When he left the Fed, CNBC's Larry Kudlow expressed disappointment and described Warsh as a "hard money hawk."
U.S. monetary policymonetary policyUS monetary policy
The presidents of the Federal Reserve Banks are nominated by each bank's respective Board of Directors, but must also be approved by the Board of Governors of the Federal Reserve. The Chairman of the Federal Reserve Board is generally considered to have the most important position, followed by the president of the Federal Reserve Bank of New York. The Federal Reserve System is primarily funded by interest collected on their portfolio of securities from the US Treasury, and the Fed has broad discretion in drafting its own budget, but, historically, nearly all the interest the Federal Reserve collects is rebated to the government each year.