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Mr. Poole took office on March 23, 1998, as the eleventh chief executive of the Eighth District Federal Reserve Bank, at St. Louis. He is currently serving a full term that began March 1, 2001.
Mr. Poole was born on June 19, 1937, in Wilmington, Delaware. He received an A.B. degree in 1959 from Swarthmore College and an M.B.A. in 1963 and a Ph.D. in economics in 1966, both from the University of Chicago. Swarthmore honored him with a Doctor of Laws degree in 1989. Mr. Poole was assistant professor of Political Economy, The Johns Hopkins University, Baltimore, MD from 1963 to 1969. He began his career at the Board of Governors of the Federal Reserve System in the summer of 1964 and worked as a senior economist there from 1969 to 1974. In 1974, he joined the faculty at Brown University, Providence, R.I., twice served as chairman of the economics department, and for five years directed the university's Center for the Study of Financial Markets and Institutions. He was the Herbert H. Goldberger Professor of Economics there when he joined the Federal Reserve Bank of St. Louis.
Throughout his career, Mr. Poole has served as a visiting scholar and an adviser at numerous institutions. From 1970 to 1990 he was a member of, and became senior adviser to, the Brookings Panel on Economic Activity, and from 1982 to 1985, he was a member of the Council of Economic Advisers. From 1985 until his appointment to the St. Louis Bank, Mr. Poole was an adjunct scholar at the Cato Institute and a member of the Shadow Open Market Committee. During this period he was also a member of the Academic Advisory Panels of the Federal Reserve Banks of New York and Boston. From 1989 to 1995, he served on the Congressional Budget Office Panel of Economic Advisors. In addition, he has been an adviser and consultant to the Federal Reserve Bank of Boston, a visiting scholar at the Federal Reserve Bank of San Francisco, and a visiting economist at the Reserve Bank of Australia.
Mr. Poole wrote Money and the Economy: A Monetarist View, published in 1978, as well as numerous scholarly papers in professional journals, and was co-author of Principles of Economics, published in 1991.
He is a director of United Way of Greater St. Louis and a member of the Chancellor's Council of the University of Missouri-St. Louis and Webster University Board of Trustees. An avid cyclist and sailor, Mr. Poole is married to Geraldine S. Poole; they have four adult sons.