X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

<p>WASHINGTON-After serving nearly six years on the Federal Reserve Board, Board Governor Lawrence Meyer, 57, resigned effective January 31. As is common practice, he will not participate in the Federal Open Market Committee meeting January 29-30. “During my term here, we have seen remarkable developments, both in the economy and in the structure of financial market institutions. These developments have required the Federal Reserve to adapt its monetary and regulatory policies to help our economic system realize its full potential. As an independent central bank, the Federal Reserve is well structured to accomplish this goal, and I hope I have been able to make a contribution to this effort,” Meyer wrote in his January 14 resignation letter. Meyer was appointed to the board by then-President Bill Clinton. During his tenure, he served as chairman of the Fed’s Committee on Supervisory and Regulatory Affairs, overseeing the implementation of the Gramm-Leach-Bliley Act regulations. Meyer was recognized as one of the nation’s leading economic forecasters before coming to the Fed. He was president of Lawrence H. Meyer and Associates, a St. Louis economic consulting firm specializing in macroeconomic forecasting and policy analysis, and a economics professor at Washington University.</p>

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.