Dallas Fed Names New Chief Monetary Policy Advisor; New Director of Economic Research
For immediate release: August 12, 2013
DALLAS—Federal Reserve Bank of Dallas president and CEO Richard W. Fisher today announced several high-level staff changes in the bank’s economic research department in advance of the upcoming retirement of long-time research director Harvey Rosenblum.
Rosenblum, a 43-year Federal Reserve employee, will retire from the Dallas Fed on October 31. (See related news release)
“These promotions in the Dallas Fed’s economic research function are especially important as we prepare for and work through next year when I will be a voter at the Federal Open Market Committee during a transition period to a new or renewed chairman,” Fisher said. “These talented individuals also will be key in assisting me as the FOMC works on what will hopefully be a transition to a new normal for monetary policy.”
Evan Koenig, currently vice president and senior policy advisor, will be promoted to senior vice president and serve as Fisher’s primary monetary policy advisor and will be responsible for FOMC research and preparation.
Mine Yücel, currently vice president and senior economist, will be promoted to senior vice president and director of research with responsibility for the administrative functions of the research and statistics departments, with continuing responsibilities for the regional economy, energy and microeconomics.
John Duca, currently vice president and senior policy advisory, will be designated associate director of research for macroeconomics and finance with responsibility for macroeconomics, and financial research and analysis.
Mark Wynne, currently vice president and director of the Dallas Fed Globalization and Monetary Policy Institute, will be designated associate director of research for international economics. He will continue to serve as the globalization institute’s director and will be responsible for other international research and analysis.
“It will be under the guidance of these four trusted leaders that the Dallas Fed will continue to expand its work on globalization’s impact on monetary policy; continue leading-edge research on housing and independent analysis of financial markets; extend the Dallas Fed Business Outlook Surveys—of which the manufacturing survey is now the most closely correlated of all Federal Reserve Banks’ surveys with the national Institute for Supply Management index; continue work expanding information gleaned from our Trimmed Mean Personal Consumption Expenditures analysis; and further elevate the bank’s footprint in major research reference journals,” Fisher said.
The staff changes will be effective September 1. All four economists will report directly to Fisher.
Federal Reserve Bank of Dallas