Jeffrey M. Lacker

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Jeffrey M. Lacker
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Occupation President
Employer Federal Reserve Bank of Richmond
Website www.federalreserve.gov

Dr. Jeffrey M. Lacker was the president of the Federal Reserve Bank of Richmond from Aug. 1, 2004 to April 4, 2017.[1] In 2012, he served as a voting member of the Federal Open Market Committee (FOMC).

He resigned on April 4 after admitting he had discussed confidential information with an analyst regarding the Fed's economic stimulus plan in 2012.[2]

Background

After joining the Bank in 1989 as an economist in the banking area of the research department, Lacker went on to become research officer in 1994, vice president in 1996, and senior vice president and director of the research department in May 1999. Before that, he was an assistant professor of economics at the Krannert School of Management at Purdue University from 1984 to 1989.

In April 2012, Lacker said in an interview with Bloomberg News that the implementation of the Volcker rule may be "impossible."[3]

Education

  • Economics, Franklin and Marshall College (1977)
  • Ph.D., Economics, University of Wisconsin (1984)[4]

References

  1. Jeffrey M. Lacker. Richmond Fed.
  2. Richmond Fed President Lacker says he was involved with Medley leak, announces immediate resignation. CNBC.
  3. Fed’s Lacker Says Volcker Rule May Be ‘Impossible’ to Implement (Video). Bloomberg.
  4. Jeffrey M. Lacker. Federal Reserve.