CHICAGO - (May 7, 2019) The Federal Reserve Bank of Chicago has named Anna Paulson executive vice president and director of economic research. She succeeds Daniel Sullivan, who is now executive vice president and director of economic outreach. In addition, Sam Schulhofer-Wohl has been promoted to senior vice president and director of financial policy while Barbara Thomas has been promoted to vice president of economic research administration.
As director of research, Paulson leads the Bank’s research and policy analysis, overseeing the group that provides analytic support for monetary policy, banking and financial markets, macroeconomics, microeconomics and regional economics. She attends meetings of the Federal Open Market Committee (FOMC), the group responsible for formulating national monetary policy, and serves on the Bank’s executive committee. Paulson joined the Chicago Fed as an economist in 2001. In 2009, she was promoted to vice president of the financial markets group.
Sullivan, who served as director of research for 12 years, now oversees public affairs and community development and policy studies, continues to serve on the executive committee and advise Bank leadership on monetary policy. He also leads the Chicago Fed’s newly established outreach council, which is responsible for coordinating the Bank’s interactions with outside groups. Sullivan joined the Chicago Fed as a senior economist in 1992.
As senior vice president and director of financial policy, Sam Schulhofer-Wohl leads the Chicago Fed’s insurance and financial markets teams in the economic research department, heads the Bank’s financial stability council and serves on its loan committee. Schulhofer-Wohl joined the Chicago Fed in 2016 as a senior economist and research advisor following six years with the Federal Reserve Bank of Minneapolis, where he served as research director and a member of the management committee.
In her role as vice president of economic research administration, Barbara Thomas oversees all support functions for the Bank’s economic research department and serves on its district leadership council. Thomas has been with the Chicago Fed since 1991.
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Federal Reserve Bank of Chicago Background
The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation’s central bank. The Chicago Reserve Bank serves the seventh Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and the state of Iowa. In addition to participation in the formulation of monetary policy, each Reserve Bank supervises member banks and bank holding companies, provides financial services to depository institutions and the U.S. government, and monitors economic conditions in its District.