Jeffrey M. Lacker

President
Federal Reserve Bank of Richmond

Dr. Lacker took office August 1, 2004, as the seventh chief executive of the Fifth District Federal Reserve Bank, at Richmond. He is currently serving a full term that began March 1, 2006. In 2009, he serves as a voting member of the Federal Open Market Committee.

Dr. Lacker was born September 27, 1955, in Lexington, Kentucky. He received his bachelor’s degree in economics from Franklin and Marshall College in 1977. Following graduation, Dr. Lacker joined Wharton Econometrics in Philadelphia. He went on to earn a Ph.D. in economics from the University of Wisconsin in 1984. Dr. Lacker was an assistant professor of economics at the Krannert School of Management at Purdue University from 1984 to 1989. He joined the Bank in 1989 as an economist in the banking area of the Research Department. He was named research officer in 1994, vice president in 1996, and senior vice president and director of the Research Department in May 1999.

Dr. Lacker is the author of numerous articles in professional journals on monetary, financial, and payment economics, and has presented his work at several universities and central banks. He taught at The College of William and Mary in 1992 and 1993, and in 1997 he was a visiting scholar at the Swiss National Bank.

Dr. Lacker is a member of the Maggie L. Walker Governor's School Advisory Council, and he serves as director for the board of the Richmond Jewish Foundation. He is also a member of the Junior Achievement of Central Virginia Advisory Board and is director of the World Affairs Council of Greater Richmond.