Previous Session | Session Pages | Next Session
Session 11: Monday's Opening Session
Michael Moskow has been president of the Federal Reserve Bank of Chicago for eleven years after a distinguished career in the public and private sectors and in academia. He is a current member of the Federal Open Market Committee.
Presentations
Reflections on Monetary Policy: Flexibility, Transparency, and Inflation Guidelines (offsite)
Links of Interest
Speakers
Michael H. Moskow
President
Federal Reserve Bank of Chicago
Michael H. Moskow took office on September 1, 1994, as the eighth president and chief executive officer of the Federal Reserve Bank of Chicago. In that capacity, he serves on the Federal Open Market Committee, the Federal Reserve System's most important monetary policymaking body.
Mr. Moskow's career includes service in the public and private sectors, as well as academia. During the course of his career, Mr. Moskow has been confirmed by the Senate for five U.S. government positions.
He began his career teaching economics, labor relations, and management at Temple University, Lafayette College, and Drexel University. From 1969 to 1977, he held a number of senior positions with the U.S. government, including under secretary of labor at the U.S. Department of Labor, director of the Council on Wage and Price Stability, assistant secretary for policy development and research at the U.S. Department of Housing and Urban Development, and senior staff economist with the Council of Economic Advisers.
In 1977, Mr. Moskow joined the private sector at Esmark, Inc. in Chicago and later held senior management positions at Northwest Industries, Dart and Kraft, Inc., and Premark International, Inc., a spin-off from Dart and Kraft. In 1991, President Bush appointed Mr. Moskow Deputy United States Trade Representative, with the rank of Ambassador. He was responsible for trade negotiations with Japan, China, and Southeast Asian countries as well as industries such as steel, semiconductors, and aircraft. Mr. Moskow returned to academia in 1993, joining the faculty of the J.L. Kellogg Graduate School of Management at Northwestern University, where he was professor of strategy and international management at the time of his appointment as president of the Chicago Reserve Bank.
Mr. Moskow is active in numerous professional and civic organizations. He is the chairman of the National Bureau of Economic Research, vice chairman of the Chicago Council on Foreign Relations, and the former chairman of The Economic Club of Chicago. He also serves as a director of the Council on Foreign Relations in New York City, the Northwestern Memorial Foundation, World Business Chicago, and the Chicagoland Chamber of Commerce. He is a member of the Civic Committee of The Commercial Club of Chicago, a fellow of the National Academy of Public Administration, and a member of the Governing Board of the Illinois Council on Economic Education.
In addition to being a trustee of Lafayette College, Mr. Moskow is a member of the Advisory Board to the Kellogg School of Management at Northwestern University. He is also a member of the Visiting Committee of the Irving B. Harris Graduate School of Public Policy Studies at the University of Chicago.
Mr. Moskow was born in Paterson, New Jersey. He received an A.B. in economics from Lafayette College in Easton, Pennsylvania, in 1959, and a Ph.D. in business and applied economics from the University of Pennsylvania in 1965. He and his wife, Connie, have three married children and five grandchildren.
