The Market Update

Fed Scorecard

 

See Also: Using the Fed Scorecard

Name Position Current Term FOMC voter? Hawk/
Dove?*

Greenspan, Alan
Chairman June 20, 2000-June 20, 2004 (Chairman); Feb. 1, 1992-Jan. 31, 2006 (Governor) always
First appointed by Reagan. Took office as Chairman and Governor Aug. 11, 1987. Devours economic data. Historically a hawk, he has displayed increasing affinity for the "New Era" idea that technology has increased the economy's noninflationary growth potential.
Notable Quotes

Broaddus, J. Alfred Jr.
Richmond Fed President March 1, 1996-Feb. 28, 2001 2000, 2003
Took office Jan. 1, 1993. Career Richmond Fed official. Hardline monetarist. Five dissents, all in favor of tightening or more aggressive tightening (March and July 1994, May, November and December 1997).

Ferguson, Roger W. Jr.
Vice Chairman Oct. 5, 1999-Oct. 5, 2003 (as Vice Chairman); Nov. 5, 1997-Jan. 2000 (as governor) always
First appointed by Clinton. Took office Nov. 5, 1997. Former management consultant. No dissents.
Notable Quotes

Gramlich, Edward M.
Governor Nov. 5, 1997-Jan. 31, 2008 always
First appointed by Clinton. Took office Nov. 5, 1997. Former economics professor. No dissents.
Notable Quotes

Guynn, Jack
Atlanta Fed President March 1, 1996-Feb. 28, 2001 2000, 2003
Took office Jan. 1, 1996. Career Atlanta Fed official. No dissents.

Hoenig, Thomas M.
Kansas City Fed President March 1, 1996-Feb. 28, 2001 2001, 2004
Took office Oct. 1, 1991. Career Kansas City Fed official. One dissent against easing (July 1995).

Jordan, Jerry L.
Cleveland Fed President March 1, 1996-Feb. 28, 2001 even years
Took office March 9, 1992. Former banker. Monetarist. Seven dissents, one against easing (November 1998), four in favor of tightening or more aggressive tightening (March 1994, March, May and July 1998), and two in favor of easing (October and November 1992).

Kelley, Edward W. Jr.
Governor April 20, 1990-Jan. 31, 2004 always
First appointed by Reagan. Took office in May 1987. Former manufacturing executive. Two dissents, one against easing (November 1991) and one against tightening (June 1988).

McDonough, William J.
New York Fed President March 1, 1996-Feb. 28, 2001 always
Took office July 19, 1993. Former international banker. No dissents, but considered among the most dovish Fed heads.
Notable Quotes

McTeer, Robert D. Jr.
Dallas Fed President March 1, 1996-Feb. 28, 2001 2002, 2005
Took office Feb. 1, 1991. Career Richmond Fed official. One dissent against tightening (June 1999). Has displayed strong affinity for the "New Era" idea that technology has increased the economy's noninflationary growth potential.

Meyer, Laurence H.
Governor June 20, 1996-Jan. 31, 2002 always
First appointed by Clinton. Took office June 20, 1996. Former crackerjack economic forecaster. Most influential Fed head after Greenspan and considered a possible successor if Greenspan retires. No dissents.
Notable Quotes

Minehan, Cathy E.
Boston Fed President March 1, 1996-Feb. 28, 2001 2001, 2004
Took office July 13, 1994. Longtime New York Fed official. No dissents.

Moskow, Michael H.
Chicago Fed President March 1, 1996-Feb. 28, 2001 odd years
Took office Sept. 1, 1994. Former professor, Nixon and Ford administration official and corporate executive. No dissents.

Parry, Robert T.
San Francisco Fed President March 1, 1996-Feb. 28, 2001 2000, 2003
Took office Feb. 4, 1986. Former Fed governor and banker. Two dissents in favor of tightening (May 1988 and February 1989).

Poole, William
St. Louis Fed President March 23, 1998-Feb. 28, 2001 2001, 2004
Took office March 23, 1998. Former Fed economist and professor. Monetarist leanings. One dissent in favor of tightening (May 1998).

Santomero, Anthony
Philadelphia Fed President July 10, 2000 - Feb. 28, 2001 2002, 2005
Newest Fed head. Former finance professor at Wharton.

Stern, Gary H.
Minneapolis Fed President March 1, 1996-Feb. 28, 2001 2002, 2005
Took office March 16, 1985. Former professor and New York Fed economist. Three dissents in favor of tightening (July, August and September 1996).
*According to J.P. Morgan Economic Research.
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