Edward Grim

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Edward Gramlich (born July 18, 1939 in Rochester (New York) , † September 5, 2007 in Washington, DC ) was an American professor of economics at the University of Michigan and a member of the Board of Governors of the Federal Reserve , the Central Bank of the USA .

Life

Gramlich graduated from Williams College in 1961 and received his Masters in 1962. In 1965, he received his Ph.D. in Economics from Yale University . He went to the Central Bank as a researcher in economics from 1965 to 1970. From 1973 to 1975 he was at the Brookings Institution . He then taught economics and public policy at the University of Michigan from 1976 to 1996 and returned to Michigan as a professor in 2005.

He was appointed to the Federal Reserve System by President Bill Clinton in 1997 and resigned from the post in 2005. For most of that time, he was Chairman of the Board Committee on Consumer and Community Affairs . He was also the chairman of the Air Transportation Stabilization Board , which Congress convened after the September 11, 2001 terrorist attacks and examined the survival of the US aviation industry.

Grisly died of leukemia at the age of 68 .

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