Jeffrey Lacker took office as president on August 1, 2004, as the seventh chief executive of the Fifth District Federal Reserve Bank. He was a voting member of the Federal Open Market Committee in 2012, 2009 and 2006.
Mr. Lacker began his term August 1, 2004. He is a native of Lexington, Ky., and was born in 1955. He received a Bachelor of Arts degree in economics in 1977 from Franklin & Marshall College. Following graduation, he joined Wharton Econometrics in Philadelphia, and went on to earn a doctorate in economics in 1984 from the University of Wisconsin. Mr. Lacker was an assistant professor of economics at the Krannert School of Management at Purdue University from 1984 to 1989 before joining the Bank in 1989 as an economist in the banking area of the Research department. He was named research officer in 1994, vice president in 1996 and senior vice president and director of research in May 1999.
Mr. Lacker is the author of numerous articles in professional journals on monetary, financial and payment economics, and he has presented his work at universities and central banks worldwide. From 1992 through 1993, he taught at The College of William and Mary, and in 1997, he was a visiting scholar at the Swiss National Bank.
Mr. Lacker is a member of the executive committee of Venture Richmond and serves as director for the boards of the Council for Economic Education, the World Affairs Council of Greater Richmond and Richmond’s Future. He is also a member of the advisory boards of ROSMY and Junior Achievement of Central Virginia, and serves on the University of Richmond board of trustees. He and his wife, Lisa Halberstadt, have two sons, Benjamin and Daniel.