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Fed Appoints Laubach as Director of Division of Monetary Affairs
Friday, January 9, 2015 6:20 AM

The Federal Reserve Board on Tuesday announced the appointment of Thomas Laubach as director of the Division of Monetary Affairs, effective January 11, 2015. Laubach has served as associate director in the Division of Research and Statistics since 2012 and succeeds William B. English, who has been appointed senior special adviser to the board, also effective January 11.

As division director, Laubach will advise the board and the FOMC on the conduct of monetary policy, including open market operations and the discount window. 

"Thomas Laubach is a highly regarded economist with deep expertise in macroeconomic modeling, monetary policy design, and policy communications," said Federal Reserve Board Chair Janet L. Yellen. "He has contributed to a wide range of high-level policy memoranda, provided analytic support to the FOMC's subcommittee on communications, and served as a trusted adviser to me and other members of the FOMC."

Yellen added, "Bill has had a long and distinguished career in service to the Federal Reserve during one of the most difficult times in our nation's financial and economic history. I am especially grateful to have had the benefit of his advice and counsel as division director and I look forward to continuing to work together in this new role."