Jan 9 (Reuters) – The Federal Reserve Board on Friday announced the chairs and vice chairs of its 12 regional banks for this year, a list that includes Emerson Electric Co’s chief executive Lal Karsanbhai as chair of the St. Louis Fed, and Liberty Mutual Insurance CEO Tim Sweeney as deputy chair of the Boston […]
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Fed appoints regional bank board chairs and vice chairs
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Jan 9 (Reuters) – The Federal Reserve Board on Friday announced the chairs and vice chairs of its 12 regional banks for this year, a list that includes Emerson Electric Co’s chief executive Lal Karsanbhai as chair of the St. Louis Fed, and Liberty Mutual Insurance CEO Tim Sweeney as deputy chair of the Boston Fed.
The list also includes former CEOs of other big companies as well as heads of small businesses and non-profits. Fed bank directors meet regularly with Fed policymakers, who say the boards’ views about the economy help inform their own rate-setting perspectives.
(Reporting by Ann Saphir)