Dennis P. Lockhart

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Dennis P. Lockhart (born February 1, 1947 in Bakersfield , California ) is an American banker , political and economist who was President and Chief Executive Officer (CEO) of the Federal Reserve Bank of Atlanta from 2007 to 2017 .

Life

After attending school, Lockhart completed an undergraduate degree in political science and economics at Stanford University , from which he graduated in 1968 with a Bachelor of Arts (BA Political Science and Economics). At the same time he served as a reserve officer in the US Marine Corps from 1968 to 1974 and was most recently promoted to lieutenant . A postgraduate course in the subject International economy at the Johns Hopkins University , he finished 1971 with a Master of Arts (MA International Economics) and then began his professional career in 1971 at Citibank . In 1978 he became Senior Manager in the Southeast Office of Citibank, before his last position between 1987 and 1988 as General Manager of Citibank for Debt-to-Equity Swap for Latin America .

In 1988 Lockhart left Citibank and switched to Heller Financial , the financial services institute founded by Walter E. Heller , where he was Executive Vice President and most recently President until 2001. From 2001 to 2003, he was Managing Partner of Zephyr Management LP . He has also served on the boards of several companies, including agribusiness company Bunge Limited , corporate lender CapitalSource, Greenfield Holdings Credit Ltd and Tri-Valley Corporation. In 2003 he took over a professorship at the School of Foreign Service at Georgetown University and taught there until 2007.

Lockhart, the Republican Party and the candidate Team George W. Bush - Dick Cheney in the presidential election in 2004 had supported, was on 1 March 2007 successor to Jack Guynn as president and chief executive officer (CEO) of the Federal Reserve Bank of Atlanta, the Regional bank of the Federal Reserve System based in Atlanta, responsible for the states of Alabama , Florida , Georgia , Louisiana (southern part), Mississippi (southern part) and Tennessee . He is a member of the Federal Open Market Committee in 2014 (for the year the Federal Open Market Committee ), the monetary and monetary policy operates in the United States. On January 14, 2013, he announced that the Federal Reserve Bank's unconventional monetary policy stimulus has its limits and could pose a threat to the functioning of markets and financial stability if taken too far. In this respect, bond purchases are not infinitely possible. On February 5, 2014, he announced that the Federal Reserve Bank would postpone its asset purchases and will likely cease completely by the end of 2014, but that it should be patient with interest rate hikes.

Web links

Individual evidence

  1. ↑ Open-ended bond buys not "infinite": Fed's Lockhart . In: Reuters of January 14, 2013
  2. ↑ Fed's Lockhart says taper on track, urges patience on rates . In: Reuters of February 5, 2014
personal data
SURNAME Lockhart, Dennis P.
BRIEF DESCRIPTION American economist and central banker
DATE OF BIRTH February 1, 1947
PLACE OF BIRTH Bakersfield , California