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About the Speaker

Laurence H. Meyer is a former member of the Board of Governors of the Federal Reserve System and currently vice chairman of Macroeconomic Advisers and a distinguished scholar at the Center for Strategic and International Studies in Washington D.C.

While serving as a Fed governor from June 1996 through January 2002, Dr. Meyer became widely known as an influential member of the Federal Open Market Committee and built a reputation for independent thinking and straight talk about monetary policy. He has been widely acclaimed for his ability to bring clarity to the chaos of economic data and to demystify the art and science of monetary policymaking.

Dr. Meyer was born on March 8, 1944, in the Bronx, New York. He received a B.A. (magna cum laude) from Yale University in 1965 and a Ph.D. from Massachusetts Institute of Technology in 1970.

Before becoming a member of the Fed Board, Meyer was president of Laurence H. Meyer and Associates, a St. Louis-based economic consulting firm specializing in macroeconomic forecasting and policy analysis, and became recognized as one of the nation's leading economic forecasters. The firm was renamed Macroeconomic Advisers when Dr. Meyer left to join the Federal Reserve Board. He was honored by Business Week in 1986 as the top forecaster of the year on its forecast panel and similarly honored in 1993 and 1996 with the prestigious Annual Forecast Award, presented to the most accurate forecaster on the panel for Blue Chip Economic Indicators. He was also a professor of economics and a former chairman of the economics department at Washington University, where he taught for 27 years before joining the Federal Reserve Board.

Dr. Meyer offers Monetary Policy Insights—commentaries and analyses of the U.S. economic outlook and monetary policy prospects—through Macroeconomic Advisers to financial firms around the world. He is a fellow of the National Association of Business Economics, a member of the Board of Directors of the National Bureau of Economic Research, and a member of the Panel of Economic Advisers for the Congressional Budget Office. He is also the author of A TERM AT THE FED: An Insider's View, published by HarperBusiness in July 2004.

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