Anna Paulson will be the next president of the Federal Reserve Bank of Philadelphia, replacing Patrick Harker who steps down on June 30.
Paulson, currently head of research at the Chicago Fed, will be the first woman to lead the Philadelphia Fed and will be a voting member on the central bank’s rate-setting committee next year.
Paulson will take office on July 1 and will focus on keeping inflation expectations anchored amidst a unique confluence of conditions that point towards stagflation. Catarina Saraiva, Bloomberg Federal Reserve Reporter reports. (Source: Bloomberg)
www.bloomberg.com
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Philadelphia Fed Names Chicago Fed’s Anna Paulson as President
