CHICAGO - (May 26, 2021) The Federal Reserve Bank of Chicago has expanded the role of Sam Schulhofer-Wohl to include the leadership of Community Development and Policy Studies and Public Affairs. The appointment was effective May 16.
Under this new structure, Schulhofer-Wohl serves as Senior Vice President and Director of Financial Policy and Outreach. He continues to report to Anna Paulson, Executive Vice President and Director of Research, and retains his current Bank and System roles related to financial policy and the Bank’s Financial Markets Group.
Schulhofer-Wohl is the author of widely cited research on labor markets, inflation, and migration. In 2018 and 2019, he led staff analysis of the Federal Reserve’s monetary policy implementation framework as a visiting officer at the Federal Reserve Board. He joined the Chicago Fed in 2016 from the Federal Reserve Bank of Minneapolis, where he was senior vice president and director of research. He has taught economics at Macalester College, Princeton University, and the University of Minnesota.
Schulhofer-Wohl received a B.A. in physics from Swarthmore College and a Ph.D. in economics from the University of Chicago. Before training as an economist, he worked as a journalist at daily newspapers in Illinois, Alabama, and Wisconsin.
About the Federal Reserve Bank of Chicago
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.