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July 30, 2007
Charles Evans to lead Chicago Fed
Michael Moskow is stepping down from his post as president of the Chicago Fed at the end of August. Next week will be his last FOMC meeting. He's been at the helm at the Chicago Fed for almost as long as I've been following the Fed's activities. We wish him well in his retirement.
Today it was announced that Charles Evans, currently the Chicago Fed's director of research will succeed Mr. Moskow. Quoting from the press release:
CHICAGO- (July 30, 2007) - The Federal Reserve Bank of Chicago today announced that Charles L. Evans will become the bank's ninth president and CEO effective September 1, 2007.
Evans, 49, will replace Michael H. Moskow, who will retire August 31 after 13 years as president. The announcement was made by Miles D. White, CEO of Abbott Laboratories and chairman of the bank's board of directors. White chaired the board's search committee responsible for the selection of the new president.
Evans is currently senior vice president and director of research at the Federal Reserve Bank of Chicago. He also oversees the bank's Office of Consumer and Community Affairs and its Office of Public Affairs. He joined the Chicago Fed in 1991 and has been director of research since 2003. In that capacity he coordinates all monetary policy support for the president and the board of directors, with responsibility for research into the conduct of monetary policy and the structure of the macroeconomy.
Evans is well respected for his research on inflation, financial market prices and measuring the effects of monetary policy on U.S. economic activity. His research has been published in the Journal of Political Economy, American Economic Review, Journal of Monetary Economics, Quarterly Journal of Economics, and the Handbook of Macroeconomics.
"After a comprehensive search in which we interviewed several excellent candidates, we decided that Charlie is best qualified to lead the Federal Reserve Bank of Chicago," White said. "He has excellent leadership skills, knows the Federal Reserve System well, and has participated at the highest level of the monetary policy-making process."
I live in the Chicago Fed district and am involved with their Fed Challenge (judge for the HS competition and WIU's coach for the college competition), so I take a special interest in this one. I think Evans is a great choice for the position and look forward to more quality work coming from Chicago.
Posted by William Polley at July 30, 2007 11:00 PM
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