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{{Infobox economist
{{Short description|American economist}}
{{Infobox officeholder
| name = Charles L. Evans
|name = Charles Evans
| school_tradition = [[New classical economics]]
|image = Federal Reserve Bank of Chicago President Discusses Financial Outlook at College of DuPage Economic Forum (52354007502) (1).jpg
| color = indigo
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|caption = Evans in 2022
| image =
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|office = President of the [[Federal Reserve Bank of Chicago]]
| image_size =
|term_start = September 1, 2007
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| caption =
|term_end = January 9, 2023
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| birth_date = {{Birth date and age|1958|01|15}}
|predecessor = [[Michael H. Moskow]]
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| birth_place =
|successor = [[Austan Goolsbee]]
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| death_date =
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|birth_date = {{birth date and age|1958|1|15}}
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| death_place =
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|birth_place =
| nationality = [[United States]]
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|death_date =
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| institution = [[Federal Reserve Bank of Chicago]]
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|death_place =
| field = [[Monetary economics]]
| alma_mater = [[Carnegie Mellon University]]<br>[[University of Virginia]]
|education = [[University of Virginia]] ([[Bachelor of Arts|BA]])<br>[[Carnegie Mellon University]] ([[Master of Arts|MA]], [[Doctor of Philosophy|PhD]])
| influences = [[Bennett McCallum]]
| influenced =
| contributions =
| awards =
| signature = <!-- file name only -->
| repec_prefix = e | repec_id = pev23
}}
}}
[[File:Evans-charles-jpg.jpg|thumb|Official portrait]]


'''Charles L. Evans''' (born January 15, 1958) is the ninth president and chief executive officer of the [[Federal Reserve Bank of Chicago]]. In that capacity, he serves on the [[Federal Open Market Committee]] (FOMC), the [[Federal Reserve System]]'s monetary policy-making body.
'''Charles L. Evans''' (born January 15, 1958) is the former ninth president and chief executive officer of the [[Federal Reserve Bank of Chicago]], serving from 2007 to 2023.<ref>{{cite web |author=Federal Reserve Bank of Chicago |title=Charles Evans - Federal Reserve Bank of Chicago |access-date= July 17, 2018 |url=https://www.chicagofed.org/people/e/evans-charles}}</ref> In that capacity, he served on the [[Federal Open Market Committee]] (FOMC), the [[Federal Reserve System]]'s monetary policy-making body.


Before becoming president in September 2007, Evans served as director of research and senior vice president, supervising the Bank's research on monetary policy, banking, financial markets and regional economic conditions. Prior to that, Evans was a vice president and senior economist with responsibility for the macroeconomics research group.
Before becoming president in September 2007, Evans served as director of research and senior vice president, supervising the Bank's research on monetary policy, banking, financial markets, and regional economic conditions. Prior to that, Evans was a vice president and senior economist with responsibility for the macroeconomics research group.


His personal research has focused on measuring the effects of monetary policy on U.S. economic activity, inflation and financial market prices. It has been published in the ''Journal of Political Economy,'' ''American Economic Review,'' ''Journal of Monetary Economics,'' ''Quarterly Journal of Economics,'' and the ''Handbook of Macroeconomics.''
His personal research has focused on measuring the effects of monetary policy on U.S. economic activity, inflation, and financial market prices. It has been published in the ''Journal of Political Economy,'' ''American Economic Review,'' ''Journal of Monetary Economics,'' ''Quarterly Journal of Economics,'' and the ''Handbook of Macroeconomics.''


Evans has taught at the [[University of Chicago]], the [[University of Michigan]] and the [[University of South Carolina]].
Evans has taught at the [[University of Chicago]], the [[University of Michigan]] and the [[University of South Carolina]].


Evans received a bachelor’s degree in economics from the [[University of Virginia]] and a doctorate in economics from [[Carnegie-Mellon University|Carnegie Mellon University]] in Pittsburgh.
Evans received a bachelor's degree in economics from the [[University of Virginia]] and a doctorate in economics from [[Carnegie-Mellon University|Carnegie Mellon University]] in Pittsburgh. In 2024, he received an honorary Doctor of Public Service from CMU's T[[Tepper School of Business|epper School of Business]].<ref>{{Cite web |last=University |first=Carnegie Mellon |date= |title=Tepper School Alumnus Among 2024 Honorary Degree Recipients - Tepper School of Business - Carnegie Mellon University |url=https://www.cmu.edu/tepper/news/stories/2024/april/honorary-degree.html |access-date=2024-05-08 |website=www.cmu.edu |language=en}}</ref>


He is married and has two children.
He is married and has two children.


==Evans Rule==
==Evans Rules==


In the December of 2012, the Federal Open Market Committee decided to change its broad [[forward guidance]] to a more explicit rule. The Evans Rule, a version which had been advocated by Charles Evans for many months, stated that the Committee will hold rates near zero at least until unemployment falls below 6.5% or inflation rises above 2.5%. <ref name="evans_rule">[http://www.slate.com/blogs/moneybox/2012/12/12/fomc_adopts_game_changing_conditional_inflation_targeting_rule.html FOMC Adopts Game-Changing Conditional Inflation Targeting Rule]</ref> The Committee in March 2014 decided to remove the mention of the explicit thresholds in its guidance, but emphasized that there has been no change in the stance of monetary policy. <ref name="evans_rule_end">[http://www.businessinsider.com/march-fomc-statement-2014-3 Fed Ditches the Evans Rule]</ref>
In December 2012, the Federal Open Market Committee decided to change its broad [[forward guidance]] to a more explicit rule. The Evans Rule, a version which had been advocated by Charles Evans for many months, stated that the Committee will hold rates near zero at least until unemployment falls below 6.5% or inflation rises above 2.5%.<ref name="evans_rule">[http://www.slate.com/blogs/moneybox/2012/12/12/fomc_adopts_game_changing_conditional_inflation_targeting_rule.html FOMC Adopts Game-Changing Conditional Inflation Targeting Rule]</ref> The Committee in March 2014 decided to remove the mention of the explicit thresholds in its guidance, but emphasized that there has been no change in the stance of monetary policy.<ref name="evans_rule_end">{{cite web |title=Fed Ditches the Evans Rule |website=[[Business Insider]] |url=http://www.businessinsider.com/march-fomc-statement-2014-3}}</ref>


==References==
==References==
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==External links==
==External links==
* [http://www.chicagofed.org/webpages/people/evans_charles.cfm Charles Evans' Biography]
* [http://www.chicagofed.org/webpages/people/evans_charles.cfm Charles Evans' Biography]
* http://www.cnbc.com/id/44325337
* https://www.cnbc.com/id/44325337


{{BGFRS}}
{{s-start}}
{{s-other}}
{{Neoclassical economists}}
{{s-bef|before=[[Michael H. Moskow]]}}
{{s-ttl|title=President of the [[Federal Reserve Bank of Chicago]]|years=2007–2023}}
{{s-aft|after=[[Austan Goolsbee]]}}
{{s-end}}

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{{Authority control}}


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{{Authority control|VIAF=4508541}}
{{Persondata <!-- Metadata: see [[Wikipedia:Persondata]] -->
| NAME =Evans, Charles L
| ALTERNATIVE NAMES =
| SHORT DESCRIPTION = American economist
| DATE OF BIRTH =January 15, 1958
| PLACE OF BIRTH =
| DATE OF DEATH =
| PLACE OF DEATH =
}}
{{DEFAULTSORT:Evans, Charles L}}
{{DEFAULTSORT:Evans, Charles L}}
[[Category:1958 births]]
[[Category:1958 births]]
[[Category:Tepper School of Business alumni]]
[[Category:21st-century American economists]]
[[Category:Economists from Illinois]]
[[Category:Federal Reserve Bank of Chicago presidents]]
[[Category:Federal Reserve Bank of Chicago presidents]]
[[Category:Living people]]
[[Category:Living people]]
[[Category:People from Chicago, Illinois]]
[[Category:Tepper School of Business alumni]]
[[Category:University of Chicago faculty]]
[[Category:University of Chicago faculty]]
[[Category:University of Michigan faculty]]
[[Category:University of South Carolina faculty]]
[[Category:University of South Carolina faculty]]
[[Category:University of Virginia alumni]]
[[Category:University of Virginia alumni]]

Latest revision as of 20:50, 10 May 2024

Charles Evans
Evans in 2022
President of the Federal Reserve Bank of Chicago
In office
September 1, 2007 – January 9, 2023
Preceded byMichael H. Moskow
Succeeded byAustan Goolsbee
Personal details
Born (1958-01-15) January 15, 1958 (age 66)
EducationUniversity of Virginia (BA)
Carnegie Mellon University (MA, PhD)
Official portrait

Charles L. Evans (born January 15, 1958) is the former ninth president and chief executive officer of the Federal Reserve Bank of Chicago, serving from 2007 to 2023.[1] In that capacity, he served on the Federal Open Market Committee (FOMC), the Federal Reserve System's monetary policy-making body.

Before becoming president in September 2007, Evans served as director of research and senior vice president, supervising the Bank's research on monetary policy, banking, financial markets, and regional economic conditions. Prior to that, Evans was a vice president and senior economist with responsibility for the macroeconomics research group.

His personal research has focused on measuring the effects of monetary policy on U.S. economic activity, inflation, and financial market prices. It has been published in the Journal of Political Economy, American Economic Review, Journal of Monetary Economics, Quarterly Journal of Economics, and the Handbook of Macroeconomics.

Evans has taught at the University of Chicago, the University of Michigan and the University of South Carolina.

Evans received a bachelor's degree in economics from the University of Virginia and a doctorate in economics from Carnegie Mellon University in Pittsburgh. In 2024, he received an honorary Doctor of Public Service from CMU's Tepper School of Business.[2]

He is married and has two children.

Evans Rules[edit]

In December 2012, the Federal Open Market Committee decided to change its broad forward guidance to a more explicit rule. The Evans Rule, a version which had been advocated by Charles Evans for many months, stated that the Committee will hold rates near zero at least until unemployment falls below 6.5% or inflation rises above 2.5%.[3] The Committee in March 2014 decided to remove the mention of the explicit thresholds in its guidance, but emphasized that there has been no change in the stance of monetary policy.[4]

References[edit]

  1. ^ Federal Reserve Bank of Chicago. "Charles Evans - Federal Reserve Bank of Chicago". Retrieved July 17, 2018.
  2. ^ University, Carnegie Mellon. "Tepper School Alumnus Among 2024 Honorary Degree Recipients - Tepper School of Business - Carnegie Mellon University". www.cmu.edu. Retrieved 2024-05-08.
  3. ^ FOMC Adopts Game-Changing Conditional Inflation Targeting Rule
  4. ^ "Fed Ditches the Evans Rule". Business Insider.

External links[edit]

Other offices
Preceded by President of the Federal Reserve Bank of Chicago
2007–2023 		Succeeded by
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