Vice
Chairman, Macroeconomic Advisers;
Former Member of the Board of Governors of the Federal Reserve System
Laurence H. Meyer is a former
member of the Board of Governors of the Federal Reserve System and
currently vice chairman of Macroeconomic Advisers and a distinguished
scholar at the Center for Strategic and International Studies in
Washington D.C.
While serving as a Fed governor from June 1996 through January
2002, Dr. Meyer became widely known as an influential member of
the Federal Open Market Committee and built a reputation for independent
thinking and straight talk about monetary policy. He has been widely
acclaimed for his ability to bring clarity to the chaos of economic
data and to demystify the art and science of monetary policymaking.
Dr. Meyer was born on March 8, 1944 in the Bronx, New York. He
received a B.A. (magna cum laude) from Yale University in 1965 and
a Ph.D. from Massachusetts Institute of Technology in 1970.
Before becoming a member of the Fed Board, Meyer was president
of Laurence H. Meyer and Associates, a St. Louis-based economic
consulting firm specializing in macroeconomic forecasting and policy
analysis, and became recognized as one of the nation’s leading
economic forecasters. The firm was renamed Macroeconomic Advisers
when Dr. Meyer left to join the Federal Reserve Board. He was honored
by Business Week in 1986 as the top forecaster of the year on its
forecast panel and similarly honored in 1993 and 1996 with the prestigious
Annual Forecast Award, presented to the most accurate forecaster
on the panel for Blue Chip Economic Indicators. He was also a professor
of economics and a former chairman of the economics department at
Washington University, where he taught for 27 years before joining
the Federal Reserve Board.
Dr. Meyer offers Monetary Policy Insights—commentaries and
analyses of the U.S. economic outlook and monetary policy prospects—through
Macroeconomic Advisers to financial firms around the world. He is
a fellow of the National Association of Business Economics, a member
of the Board of Directors of the National Bureau of Economic Research,
a member of the Board of Scholars of the American Council on Capital
Formation, a member of the Panel of Economic Advisers for the Congressional
Budget Office, and Senior Adviser to the G-7 Group. He is also the
author of A TERM AT THE FED: An Insider’s View, published
by HarperBusiness in July 2004.
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