Jeffrey M. Lacker took office as president and CEO of the Federal Reserve Bank of Richmond on August 1, 2004.
As president, Lacker serves on the Federal Open Market Committee, which conducts monetary policy for the Federal Reserve. Prior to his appointment, Lacker was a senior vice president and the director of research for the Richmond Fed, a position he assumed in 1999. Lacker joined the Bank in 1989 as an economist, was named a research officer in 1994 and was promoted to vice president in 1996.
Before joining the Fed, Lacker was an assistant professor of economics at the Krannert School of Management at Purdue University and previously worked at Wharton Econometrics in Philadelphia. He earned a doctorate in economics from the University of Wisconsin and received a bachelor’s degree in economics from Franklin & Marshall College.
Lacker is the author of numerous articles in professional journals on monetary, financial and payment economics. From 1992 through 1993, he taught at The College of William and Mary, and in 1997 was a visiting scholar at the Swiss National Bank.
Lacker, who was born in Lexington, Kentucky, in 1955, serves on the University of Richmond board of trustees and as a director for the board of the Council for Economic Education. He is a member of the executive committee of Venture Richmond and serves as a director on the World Affairs Council of Greater Richmond and Richmond’s Future. He also is a member of the advisory boards of ROSMY and Junior Achievement of Central Virginia. He and his wife, Lisa Halberstadt, have two sons, Benjamin and Daniel.