Economists Carlson and Haubrich Promoted at Cleveland Federal Reserve Bank

The Federal Reserve Bank of Cleveland has announced the following official appointments, effective April 16, 2009.

John Carlson has been named a vice president in the Bank's Economic Research Department, responsible for the Money, Financial Markets, and Monetary Policy Group. Carlson joined the Bank in 1978 as an economist and was promoted to economic advisor in 1999. He has served as senior economic advisor since 2006. His research interests include monetary policy, money demand, models of learning, and asset pricing. Before joining the Bank, Carlson taught money and banking at Michigan State University. Carlson holds a bachelor's degree in business administration from Cleveland State University and master's and Ph.D. degrees in economics from Michigan State University.

Joseph Haubrich has been named a vice president in the Bank's Economic Research Department, responsible for the Banking and Financial Institutions Group. Haubrich joined the Bank as an economic advisor in 1990 and has served as a consultant since 1995. He specializes in research relating to financial institutions and regulations. Before joining the Bank, he was an assistant professor of finance at the Wharton School of the University of Pennsylvania. Haubrich holds a bachelor's degree in economics from the University of Chicago and master's and Ph.D. degrees in economics from the University of Rochester.

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. About 900 of the Bank’s 1,400 employees work out of the Cleveland headquarters.