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Last Updated: 09/12/16

Chicago Fed Announces New Senior Economist, Research Advisor

CHICAGO – The Federal Reserve Bank of Chicago announced today that Sam Schulhofer-Wohl joined the Bank’s research department in the Microeconomic Studies Group. He is the former research director of the Federal Reserve Bank of Minneapolis.

Schulhofer-Wohl brings a high level of research and policy experience, said Daniel Sullivan, Executive Vice President and Research Director. His past research has focused on job search dynamics, inflation measurement, household migration and risk sharing.

“We are excited that Mr. Schulhofer-Wohl will be joining the Federal Reserve Bank of Chicago," Sullivan said. “It is a great opportunity for us to take advantage of his expertise in a wide variety of economic research disciplines.”

In 2013, Schulhofer-Wohl was appointed senior vice president and research director at the Minneapolis Fed, where he served on the Management Committee and Executive Corporate Diversity Council. In addition, Schulhofer-Wohl served on the steering committee for the System-wide initiative evaluating the Federal Reserve’s long-term monetary policy framework.

Prior to his position at the Minneapolis Fed, he was an assistant professor of economics at Princeton University. His work has appeared in the Journal of Political Economy, Review of Economic Dynamics, Quantitative Economics, Demography and the Journal of Development Economics. He received a M.S and Ph.D degrees in economics from the University of Chicago and a B.A. in physics from Swarthmore College.

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.

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