f
  •  

WASHINGTON (Reuters) - The Federal Reserve on Monday named Trevor Reeve as director of the Division of Monetary Affairs, promoting a veteran staffer and international economics expert to help guide the development and implementation of monetary policy.

Reeve, previously the division's deputy director, replaces Thomas Laubach, who died earlier this month.

Reeve, who holds a doctorate in economics from Harvard University, joined the Fed staff in 1998 and spent 16 years in the central bank's Division of International Finance, including a stint advising the U.S. Executive Director at the International Monetary Fund.

He served as an adviser to both former Fed Chair Janet Yellen and current Chair Jerome Powell, and as deputy of the monetary affairs group beginning in 2018, according to the board website.

In announcing the appointment, Powell said Reeve's advice had been "indispensable" to him, and cited his "wealth of experience in policy analysis and in facilitating the monetary policymaking process."

The staff of the Fed's Washington-based Board of Governors is organized into 12 divisions covering areas from research and statistics to financial stability and legal matters.

Monetary affairs is at the heart of the policymaking process, with 170 staff who help guide the Fed on fundamental decisions like interest rates, bondbuying, and communications. The group was central to a Fed strategic review that ended with a heightened central bank commitment to stronger job growth.


Other relevant articles 
[2020-09-14 12:45:23] Retirements, layoffs, labor force flight may leave scars on U.S...
[2020-09-14 10:20:45] German economic recovery weakens but set to continue in...
[2020-09-14 10:20:45] Indian government to infuse $2.72 billion in state-run banks
[2020-09-14 09:50:26] Spain to extend furlough scheme into 2021, Labour Minister says
[2020-09-14 01:15:31] Japan manufacturers remain gloomy for 14th month - Reuters Tankan
[2020-09-12 20:10:16] Mexico adds more than 90,000 tax-paying jobs in August - IMSS
[2020-09-11 22:00:19] Yields drop despite higher inflation, after supply passes
[2020-09-11 21:45:12] U.S. economy is improving, weeks before the election. Will Trump...
[2020-09-11 20:10:13] U.S. fiscal year budget deficit tops $3 trillion
[2020-09-11 17:16:12] Fast take: Used cars, new couches cost more, but unlikely to...
[2020-09-11 15:00:16] U.S. consumer prices increase solidly in August
[2020-09-11 14:50:12] Brazil services activity up 2.6% in July, less than expected
[2020-09-11 08:15:11] UK economy grows by 6.6% in July, extending recovery from COVID...
[2020-09-10 19:25:08] Fast take: Jobless claims and the U.S. presidential race
[2020-09-10 15:10:53] U.S. producer prices beat expectations in August
[2020-09-10 14:50:07] U.S. weekly jobless claims stuck at higher levels
[2020-09-10 14:40:07] Initial Jobless Claims Come in at Higher Than Expected 884,000
[2020-09-10 13:20:07] Pandemic likely to force India to borrow more, deficit...
[2020-09-10 11:20:07] Exclusive: BOJ to offer brighter view on economy, output on signs...
[2020-09-10 10:10:07] Zombies or just sleeping? German insolvencies fall despite...
[2020-09-10 08:50:07] China auto sales in August rise 11.6%, fifth month of gain
[2020-09-09 19:05:07] U.S. job openings push higher; more workers quitting
[2020-09-09 17:00:09] U.S. job openings rise in July; more workers quitting
[2020-09-09 16:30:15] Madrid bars and restaurants call for help as COVID crisis hits
[2020-09-09 16:10:07] Madrid bar and restaurants call for help as COVID crisis hits
[2020-09-09 12:05:06] Thai economy to shrink 7%-9% this yr, protests a worry: business...
[2020-09-09 09:35:06] Dubai non-oil private sector growth slows in August: PMI
[2020-09-09 06:05:06] Chinese Factory Gate Prices Point Towards Continuous Recovery,...
[2020-09-09 02:15:07] UK firms, worried about pandemic and Brexit, hire temp workers
[2020-09-09 01:25:06] South Korea August jobless rate logs fastest monthly drop since...
[2020-09-08 11:25:02] Euro zone GDP revised up, but still a record drop
[2020-09-08 10:55:03] UK takeover deals slump in second quarter, statistics office says
[2020-09-08 10:40:02] UberEats, Deliveroo workers drive French surge in new companies
[2020-09-08 08:50:02] Indian economy projected to contract 11.8% year on year, Fitch...
[2020-09-08 08:30:03] Global economy seeing sharper V recovery, raising case for...
[2020-09-08 03:45:25] Australia business conditions soften, confidence still fragile:...
[2020-09-08 01:51:42] Japan real wages decline for fifth month in July as pandemic woes persist
[2020-09-08 01:10:25] Staycations and home office equipment boost UK spending in August
[2020-09-07 16:35:30] German Finance Minister Scholz eyes more debt to support recovery
[2020-09-07 15:55:21] Electric car warning signals as Denmark calculates cost of switch
[2020-09-07 09:00:25] Modest rise in German July industry output points to slow...
[2020-09-07 07:55:21] Brexit showdown as UK threatens to undermine divorce treaty
[2020-09-07 07:30:22] German industry foresees slight rise in output in coming months:...
[2020-09-07 07:05:21] China Sees Exports Rise, But Imports Drop, in August
[2020-09-07 05:50:22] China August exports rise 9.5% year-on-year, beat forcasts;...
[2020-09-05 05:55:14] China auto revenue, profit likely flat this year, official says
[2020-09-04 19:45:11] Fast take: The jobs report and the U.S. presidential race
[2020-09-04 16:30:11] Canada adds more jobs in August, but pace of gains slows
[2020-09-04 14:40:10] U.S. Nonfarm Payrolls up 1.371 Mln in August, Boosted by Census
[2020-09-04 12:55:10] Special Report: Australia faces down China in high-stakes...
[2020-09-04 12:10:10] Exclusive: White House asks U.S. agencies to detail all...
[2020-09-04 10:45:10] UK construction recovery slows unexpectedly in August: PMI
[2020-09-04 09:25:15] Hungary must boost economy as it faces second COVID wave: PM...
[2020-09-04 08:45:11] Weak rise in German industry orders dents hopes for robust...
[2020-09-04 07:50:10] UK sees just 30-40% chance of Brexit trade deal: The Times
[2020-09-04 07:20:27] Japan second-quarter GDP slump may be worse than expected as...
[2020-09-04 06:25:29] New UK car registrations slip in August, industry data shows
[2020-09-04 01:15:10] Job ads slow in UK but office experts in demand, survey shows
[2020-09-03 16:15:07] U.S. service sector activity slows in August - ISM survey
[2020-09-03 15:40:07] U.S. second-quarter productivity revised sharply higher; fastest...
[2020-09-03 14:45:07] U.S. weekly jobless claims drop more than expected
[2020-09-03 14:40:06] Initial Jobless Claims Fall to 881,000 in Latest Week
[2020-09-03 13:45:07] Struggling airlines lead U.S. planned job cuts in August: report
[2020-09-03 11:20:14] Euro zone July retail sales much worse than expected
[2020-09-03 10:55:06] Britons slowly returning to workplaces, statistics office says
[2020-09-03 10:45:06] UK job losses accelerate in August, PMI shows
[2020-09-03 10:20:26] Euro zone economic recovery loses momentum in August: PMI
[2020-09-03 08:10:06] French economic recovery plan key to averting job losses: PM
[2020-09-03 06:30:09] China’s Services Industry Sees Fourth Consecutive Month of Growth
[2020-09-03 06:30:09] Saudi non-oil private sector deteriorates in August after tax...
[2020-09-03 05:55:21] Analysts upgrade Australia, New Zealand dollars outlook but doubt...
[2020-09-03 01:15:11] More than 10% of British shops vacant, survey shows
[2020-09-02 16:20:07] U.S. factory orders rise more than expected in July
[2020-09-02 14:40:07] U.S. private payrolls increase modestly in August-ADP
[2020-09-02 14:20:07] ADP: U.S. Added Only 428k Private Sector Jobs in August, vs 950k Expected
[2020-09-02 08:55:06] Weak German retail sales dash hopes for strong recovery
[2020-09-02 01:25:14] UK retailers step up their discounting in August, BRC says
[2020-09-01 20:40:04] U.S. employment projected to increase 6 million from 2019 to...
[2020-09-01 18:30:08] U.S. manufacturing activity at nearly two-year high; new orders...
[2020-09-01 16:25:03] U.S. construction spending almost flat in July: Commerce Department
[2020-09-01 16:15:03] U.S. manufacturing activity at 19-month high in August
[2020-09-01 15:55:03] Canadian factory sector growth jumps to two-year high in August
[2020-09-01 12:15:03] CEE manufacturing recovery marches on but signs of slowing
[2020-09-01 11:00:05] UK mortgage approvals jump as housing market bounces back
[2020-09-01 10:45:03] UK factories see big upturn in August, but from low ebb: PMI
[2020-09-01 10:40:02] Germany revises upward 2020 GDP forecast, sees weaker rebound in...
[2020-09-01 10:25:02] Euro zone factory output stayed strong in August: PMI
[2020-09-01 10:20:03] German manufacturing recovery remains on track in August: PMI
[2020-09-01 10:05:02] Spanish prime minister moderately optimistic about economic...
[2020-09-01 07:25:06] Chinese Factory Activity Bolstered Over 2020’s First New Export...
[2020-09-01 01:10:30] South Korea revised second-quarter GDP down 3.2%, ticks up from advanced estimates
[2020-08-31 07:25:25] Number of German companies with short-time work declines in...
[2020-08-31 02:10:22] Japan July industrial output rises 8.0% month-on-month
[2020-08-28 17:55:11] China revises list of technologies banned, restricted for export
[2020-08-28 14:50:11] U.S. consumer spending beats expectations in July
[2020-08-28 14:45:11] Exclusive: Germany seen revising upward its 2020 GDP forecast,...
[2020-08-28 13:30:11] Banks eye layoffs as short-term crisis ends, long-term costs emerge
[2020-08-28 11:10:20] Euro zone sentiment recovers for fourth straight month in August
[2020-08-28 09:15:10] French savings surged, profits plunge in record second-quarter...
[2020-08-28 01:15:11] UK business confidence rises from lows, job cuts on the way:...