Federal Reserve Bank of Cleveland Appoints Timothy Dunne Vice President

Timothy Dunne has been named a vice president in the Economic Research Department at the Federal Reserve Bank of Cleveland, effective May 28, 2010. He is responsible for the department's Regional Issues Group.

Dunne first joined the Bank in 2006 as a senior economic advisor. He left in 2009 to serve as the Chong K. Liew Professor of Economics at the University of Oklahoma. Before joining the Federal Reserve, Dunne served as the director of research in the Office of the Chief Economist at the U.S. Bureau of the Census.

Dunne holds a bachelor's degree in economics and history from the College of William and Mary and a PhD in economics from Pennsylvania State University. He specializes in research related to applied industrial economics and labor economics.

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates U.S. monetary policy, supervises banks and bank holding companies, and provides payment services to financial institutions and to the U.S. government. Payment services include check clearing, electronic payments, and the distribution and processing of currency and coin.

The Federal Reserve Bank of Cleveland, including its branch offices in Cincinnati and Pittsburgh, serves the Fourth Federal Reserve District, which includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.