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E. Gerald Corrigan · Armchair FedWatcher · Kaleb Nygaard

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E. Gerald Corrigan

1980–1993

Reserve Bank PresidentWikipedia

Born

Jun 13, 1941

Died

May 17, 2022

Meetings at the table

150

150/155 (5 absent)

Geography

president at Minneapolis (9) · president at New York (2) · where the Board comes from

In their time

Meetings by Chair

Policy rate

10% → 3%

−700 bp · Oct 1982 – Jul 1993 (the series starts in Oct 1982)

Seats held

Reserve Bank PresidentMinneapolis1980–1984
Aug 1, 1980 – Dec 31, 1984
Reserve Bank PresidentNew York1985–1993
Jan 1, 1985 – Jul 18, 1993

Before the Fed

Economist · Federal Reserve Bank of New York

Education

Bachelor's, Economics — Fairfield University (1963)
Master's, Economics — Fordham University (1965)
PhD, Economics — Fordham University (1971)

Terminal: PhD · economics

Served alongside (499)

Chairs · 2

Alan Greenspan1987–1993
Paul A. Volcker1980–1987

Governors · 17

Donald L. Kohn1986–1993
David W. Mullins, Jr.1990–1993
Edward W. Kelley Jr.1987–1993
Emmett J. Rice1980–1986
Frederick H. Schultz1980–1982
H. Robert Heller1986–1989
Henry C. Wallich

Rate moves

21 hikes · 28 cuts

60 holds at their meetings

Dissents witnessed

124

at 70 of 117 meetings

Unanimous

40%

47 of 117 meetings

Recessions

2

1981–82 · 1990–91

US presidents

4

Carter · Reagan · G.H.W. Bush · Clinton

1980–1986

J. Charles Partee1980–1986

John P. Laware1988–1993

Lawrence B. Lindsey1991–1993

Lyle E. Gramley1980–1985

Manuel H. Johnson1986–1990

Martha R. Seger1984–1991

Nancy H. Teeters1980–1984

Preston Martin1982–1986

Susan M. Phillips1991–1993

Wayne D. Angell1980–1993

Reserve Bank presidents · 29

Anthony M. Solomon1980–1984
Cathy E. Minehan1991–1993
David P. Eastburn1980–1981
Edward G. Boehne1981–1993
Ernest T. Baughman1980–1980
Frank E. Morris1980–1988
Gary H. Stern1985–1993
J. Alfred Broaddus Jr.1993–1993
J. Roger Guffey1980–1991
Jack Guynn1984–1993
Jerry L Jordan1992–1993
John J. Balles1980–1986
Karen N. Horn1982–1987
Lawrence K. Roos1980–1983
Richard F. Syron1989–1993
Robert D. Mcteer Jr.1991–1993
Robert H. Boykin1980–1991
Robert P. Black1980–1992
Robert P. Forrestal1980–1993
Robert P. Mayo1980–1981
Robert T. Parry1986–1993
Sandra Pianalto1993–1993
Silas Keehn1981–1993
Theodore H. Roberts1983–1984
Thomas C. Melzer1985–1993
Thomas M. Hoenig1991–1993
W. Lee Hoskins1987–1991
William F. Ford1980–1983
Willis J. Winn1980–1982

Staff · 52

Edwin M. Truman1980–1993
Michael J. Prell1987–1993
Michael Bradfield1981–1988
James L. Kichline1980–1986
Stephen H. Axilrod1980–1985
J. Virgil Mattingly, Jr.1989–1993
Robert W. Eisenmenger1984–1990
William W. Wiles1981–1993
William H. Hendricks1982–1992
James H. Oltman1988–1993
Thomas M. Timlen, Jr.1980–1987
Ann-Marie Meulendyke1985–1993
Neal L. Petersen1980–1980
Allen E. Beutel1985–1990
Brent L. Bowen1987–1993
Bruce M. Beardsley1985–1990
Carl E. Powell1986–1990
Charles L. Hampton1980–1984
Clyde H. Farnsworth, Jr.1982–1993
Colleen K. Strand1993–1993
Daniel M. Doyle1980–1991
David L. Shannon1980–1993
Donal E. Anderson1980–1983
Donald W. Moriarty, Jr.1980–1982
Griffith L. Garwood1982–1993
Henry R. Czerwinski1980–1993
James A. McIntosh1980–1983
James R. Bowen1987–1993
James R. Kudlinski1980–1981
Janet O. Hart1980–1981
Jimmie R. Monhollon1980–1993
John B. Williams1980–1982
John E. Ryan1980–1984
John M. Denkler1980–1982
Joseph P. Garbarini1983–1986
Patrick K. Barron1991–1993
Richard L. Smoot1980–1986
Richard Spillenkothen1991–1993
Richard T. Griffith1983–1985
Robert E. Frazier1984–1993
S. David Frost1983–1993
Stephen R. Malphrus1991–1993
Theodore E. Allison1980–1990
Thomas E. Gainor1980–1992
Tony J. Salvaggio1991–1993
Walter H. MacDonald1980–1981
William C. Conrad1992–1993
William H. Stone, Jr.1987–1993
William H. Wallace1980–1990
William R. Jones1985–1985
William Taylor1985–1990
Williiam R. Jones1986–1990

Reserve Bank directors · 399

John B. Davis, Jr.1982–1987
Jean McArthur Davis1980–1982
John R. Miller1986–1992
A. Charlene Sullivan1991–1993
A. Pierce Stone1990–1992
A. William Reynolds1991–1993
Alan C. Furth1980–1986
Alan R. Sleeper1980–1981
Alberto M. Paracchini1987–1989
Alfred Brittain III1983–1985
Alfred C. Leist1991–1993
Andre M. Rubenstein1991–1993
Anne Marie Whittemore1989–1993
Armand C. Stalnaker1980–1982
Arnold C. Schultz1993–1993
Arthur J. Decio1980–1980
B.F. "Chip" Backlund1987–1992
Barbara Harding1991–1993
Barry F. Sullivan1985–1990
Bernard Francis Sliger1983–1988
Bobby R. Inman1984–1990
Boris Yavitz1980–1982
Bradley Currey, Jr.1984–1989
Bruce C. Adams1988–1992
Burton A. Dole, Jr.1989–1993
Burton P. Allen, Jr.1984–1986
Carl E. Singley1984–1989
Carl J. Schmitt1993–1993
Carl L. Campbell1993–1993
Carol R. Goldberg1980–1982
Caroline Leonetti Ahmanson1980–1984
Carolyn S. Chambers1985–1991
Cece Smith1992–1993
Charles C. Gates1980–1984
Charles Dickie Williamson1989–1989
Charles E. Weller1993–1993
Charles F. Seymour1985–1990
Charles I. Moyer1992–1993
Charles L. Seaman1991–1993
Charles M. Bliss1983–1984
Charles S. McNeer1986–1991
Charles T. Doyle1986–1991
Charles W. Ekstrum1987–1989
Charles W. Parry1987–1990
Chester A. Duke1987–1989
Clair L. Peck, Jr.1980–1982
Clarence C. Barksdale1981–1986
Clarence D. McCormick1986–1988
Claude R. Hill, Jr.1989–1991
Clifton Reginald Wharton, Jr.1983–1986
Constantinos I. Costalas1988–1990
Cordell W. Hull1988–1990
Cornell C. Maier1980–1981
Curtis W. Kuehn1983–1985
Cynthia A. Parker1993–1993
Cyrus R. Vance1989–1992
Dale W. Fern1982–1984
Dan B. Andrews1980–1985
Daniel M. Galbreath1986–1988
David A. Page1992–1993
David W. Fox1991–1993
David W. Huggins1990–1993
David W. Kemper II1987–1989
Delbert W. Johnson1988–1993
Dennis W. Hunt1980–1984
Dennis W. Johnson1993–1993
Don E. Adams1991–1993
Donald D. Hoffman1985–1987
Donald J. Gehb1985–1987
Donald J. Kennedy1991–1993
Donald J. Schneider1993–1993
Donald J. Seebold1980–1982
Donald L. Hunt1980–1985
Donald N. Brandin1980–1980
Donald P. Helgeson1980–1980
Doris M Drury1980–1984
Douglas E. Johnson1982–1984
Douglas E. Olesen1989–1993
Douglas M. Lester1993–1993
Duane Calvin Acker1982–1985
Duane E. Dingmann1989–1993
Duane L. Burnham1992–1993
Duane W. Ring1986–1988
E. Kay Stepp1991–1993
E. Mandell de Windt1981–1986
E.B. Robinson, Jr.1985–1990
Earl R. St. John, Jr.1988–1993
Eberhard Faber, IV1980–1985
Edward B. Brandon1993–1993
Edward D. Powers1985–1990
Edward F. Brabec1980–1984
Edward H. Covell1986–1991
Edward H. Ladd1989–1993
Edward L. Hennessy, Jr.1980–1984
Edwin A. Huston1988–1993
Ellen Victoria Futter1988–1993
Eugene M. Phillips1992–1993
Everett L. Maffett1980–1981
Floyd D. Gottwald, Jr.1985–1987
Floyd W. Lewis1980–1981
Frank A. Jones, Jr.1981–1986
Frank A. McPherson1990–1992
Frank J. Yaklich, Jr.1989–1993
Frank Junell1980–1980
Frank M. Mitchener, Jr.1987–1992
Frank Wobst1987–1992
Fred A. White1980–1981
Fred Adams, Jr.1980–1981
Fred W. Andrew1982–1987
Frederic H. Phillips1980–1980
Frederick G. Larkin, Jr.1980–1982
Frederick W. Lyons, Jr.1985–1991
G. Watts Humphrey, Jr.1993–1993
Gary E. Burl1989–1989
Gary E. Wood1987–1992
Gary F. Simmerman1991–1993
Gary J. Chouest1988–1990
Gene Edwards1985–1987
George A. Butler1987–1989
George Dean Johnson, Jr.1984–1985
George E. Bartol, III1982–1987
George H. Weyerhauser1982–1987
George M. Ryrie1980–1984
George Nicholas Hatsopoulos1982–1989
Gerald A. Rauenhorst1990–1993
Gerald D. Hines1980–1983
Gertrude G. Michelson1980–1984
Gordon T. Wallis1980–1982
Gunnar E. Sarsten1989–1989
Guy W. Botts1980–1984
H. Alan Timm1980–1982
H. Bernard Lynch1990–1993
H. Edwin Trusheim1987–1992
Hanne Merriman1985–1990
Harold B. Blach, Jr.1981–1986
Harold F. Zigmund1981–1986
Harold L. Gerhart, Jr.1986–1992
Harry A. Jensen1980–1983
Harry R. Mitiguy1986–1986
Hays T. Watkins1980–1980
Henry G. Cisneros1991–1991
Henry G. River, Jr.1989–1993
Henry J. Faison1990–1993
Henry N. Ness1980–1982
Henry S. Woodbridge, Jr.1981–1983
Herbert L. Washington1993–1993
Herman Cain1992–1993
Homer B. Ellis, Jr.1985–1987
Horatio C. Thompson1982–1987
Howard K. Loomis1980–1985
Hugh G. Robinson1985–1991
Hugh L. Hembree III1985–1990
Hugh M. Brown1992–1993
Hugh M. Willson1980–1983
I.N. Rendall Harper, Jr.1993–1993
Ira Stepanian1993–1993
Irvine O. Hockaday, Jr.1984–1988
Irving A. Mathews1980–1980
J. Banks Scarborough1981–1983
J. David Barnes1981–1986
J. Kirby Fowler1988–1990
J. Richard Jones1993–1993
J. Thomas Holton1990–1993
J. Wayland Bennett1980–1984
J.B. Cooper, Jr.1991–1993
J.L. Jackson1980–1983
J.R. Vaughan1980–1983
Jack C. Smith1988–1990
James A. Chapman, Jr.1980–1982
James A. Hagen1992–1993
James A. Martin1993–1993
James Arthur Vohs1990–1993
James B. Williams1991–1993
James G. Harlow, Jr.1980–1983
James G. Lindley1991–1993
James H. Hearon, III1989–1991
James H. Smaby1980–1980
James M. Mead1991–1993
James Stokes Hatch1982–1984
James Whelden1980–1981
Jane C. Cousins1982–1987
Jane G. Pepper1988–1993
Janet McAfee Weakley1988–1993
Jean A. Crockett1980–1982
Jean D. Kinsey1991–1993
Jeff Austin, Jr.1993–1993
Jerome H. Grossman1990–1993
Jerry D. Geist1986–1988
Jesse M. Shaver1982–1987
Joan T. Bok1990–1993
JoAnne Brinzey1983–1985
Joe F. Kirby1980–1982
Joel B. Alvord1988–1989
Joel S. Harris1988–1990
John A. Gelbach1980–1980
John A. Georges1987–1992
John A. Rollwagen1986–1989
John C. Hampton1984–1989
John D. Anderson1981–1983
John D. Woods1980–1984
John E. Flynn1991–1993
John F. Anderson1981–1984
John F. McDonnell1993–1993
John F. McGillicuddy1988–1991
John F. McNair, III1988–1990
John F. Spies1980–1980
John F. Welch, Jr.1985–1990
John H. Walther1984–1986
John H. Weitnauer, Jr.1980–1986
John N. Nordstrom1988–1993
John P. Gilliam1980–1985
John R. Biechler1980–1980
John R. Hall1984–1986
John R. Hodges1991–1993
John R. Opel1981–1988
John Sagan1980–1983
John V. James1981–1984
John W. Alford1980–1982
John W. Eckman1980–1981
John W. Gabbert1986–1991
John W. Kessler1980–1985
Joseph A. Baute1981–1987
Joseph A. Jennings1982–1984
Joseph H. Williams1980–1980
Judith Manville Runstad1992–1993
K. Donald Menefee1986–1988
Keith D. Bjerke1987–1987
L. Kent Gilbreath1980–1986
L. Newton Thomas, Jr.1992–1993
Laban P. Jackson, Jr.1987–1992
Larry L. Prince1987–1991
Leo Benatar1990–1993
Leo E. Linbeck, Jr.1987–1993
Leon A. Dunn, Jr.1981–1983
Leon T. Kendall1981–1986
Leroy T. Canoles, Jr.1984–1989
Lewis Honyman Bond1980–1984
Lewis R. Smoot, Sr.1984–1985
Lewis T. Preston1986–1987
Maceo A. Sloan1980–1981
Malcolm T. Stamper1980–1981
Marcus Alexis1985–1990
Margaret S. Wilson1980–1982
Mary Garst1980–1985
Mary P. Holt1980–1986
Mary W. Walker1984–1989
Matina Souretis Horner1983–1988
Maurice R. Greenberg1988–1993
Max J. Naylor1986–1991
Michael Joseph Harrington1981–1986
Michael W. Wright1985–1990
Miles D. Wilson1981–1986
Milton Carroll1993–1993
Nevius M. Curtis1983–1988
Nicholas Riso1986–1991
Norman F.C. Kent1991–1991
Ole R. Mettler1980–1983
Ollie Jay Tomson1981–1986
Patrick E. McNarny1980–1985
Paul A. DelaCourt1991–1993
Paul E. Reichardt1980–1982
Paul G. Miller1980–1984
Paul H. Henson1980–1983
Paul J. Schierl1987–1992
Paul K. Reynolds1986–1987
Paul W. Green1987–1989
Peter A. Benoliel1987–1992
Peter D. Kiernan1981–1983
Peyton Yates1990–1993
R. Blair Hawkes1988–1990
Ralph C. Bain1980–1980
Ralph Z. Sorenson1986–1987
Rand V. Araskog1991–1993
Ray U. Tanner1991–1993
Rayburn S. Dezember1984–1989
Raymond D. Campbell1982–1987
Raymond W. Bauer1980–1980
Richard D. Hannan1982–1987
Richard D. Harrison1984–1989
Richard D. Hill1980–1980
Richard D. Wardell1988–1990
Richard E. Bell1993–1993
Richard G. Cline1990–1993
Richard L. Falconer1983–1988
Richard L. Gelb1986–1991
Richard L. Mount1991–1993
Richard L. Taylor1988–1990
Richard M. Oster1985–1989
Richard Newell Cooper1987–1992
Richard P. Hauser1980–1984
Robert A. Georgine1983–1988
Robert A. Rough1982–1984
Robert A. Young1980–1983
Robert D. Kilpatrick1980–1981
Robert D. Rogers1980–1986
Robert D. Storey1987–1990
Robert E. Allen1992–1993
Robert E. Atkinson, Jr.1990–1993
Robert E. Kirby1980–1980
Robert F. Baronner1985–1987
Robert F. Erburu1987–1992
Robert G. Greer1987–1992
Robert G. Lueder1985–1987
Robert G. Wilmers1993–1993
Robert H. Deacon1980–1981
Robert H. Knight1980–1982
Robert H. Quenon1990–1993
Robert J. Day1984–1989
Robert J. Sweeney1983–1988
Robert L. Hollis1986–1991
Robert L. Newell1987–1987
Robert L. Pfluger1985–1990
Robert L. Virgil, Jr.1983–1989
Robert M. Healey1991–1993
Robert M. Landis1981–1986
Robert M. Silva1992–1993
Robert M. Solow1980–1980
Robert Paul Henderson1980–1984
Robert S. Chiles, Sr.1984–1986
Robert S. Hillas1981–1983
Robert Ted Enloe, III1983–1988
Robert W. Moyer1985–1987
Rodney W. Fouberg1990–1992
Roger E. Anderson1980–1982
Roger L. Reisher1988–1993
Roger W. Schipke1988–1990
Ronald H. Smith1985–1987
Russell G. Cleary1980–1981
S. Dean Evans, Sr.1987–1990
S. John Brademas1983–1987
Samuel A. McCullough1990–1992
Sandra B. Sanderson-Chesnut1992–1993
Saundra H. Gray1989–1991
Simpson Russell1992–1993
Sister Generose Gervais1980–1985
Spencer F. Eccles1983–1988
Stanton R. Cook1980–1985
Stefan S. Anderson1992–1993
Stephen Brobeck1991–1993
Stephen F. Keating1980–1981
Stephen R. Levy1988–1993
Steven Muller1980–1983
Susanne V. Boxer1993–1993
T. Joseph Semrod1984–1986
Terrence Murray1990–1992
Thomas A. Jordan1980–1980
Thomas B. Cookerly1984–1989
Thomas C. Dorr1992–1993
Thomas Claiborne Frost1988–1993
Thomas E. Rodriguez1988–1993
Thomas F. McLarty III1989–1991
Thomas G. Labrecque1992–1993
Thomas Irving Atkins1980–1985
Thomas K. Smith Jr.1980–1981
Thomas M. Strong1985–1987
Togo W. Tanaka1983–1988
Ulysses V. Goodwyn1980–1980
Vern A. Marquardt1981–1983
Verna K. Gibson1988–1993
Victor J. Riley, Jr.1990–1992
Victoria B. Jackson1992–1993
Vincent C. Burke, Jr.1980–1981
Virgil H. Moore1986–1991
Virginia A. Dwyer1985–1987
W.E. Ayres1990–1992
W.H. Swain1990–1993
W.L. Hadley Griffin1982–1987
Walter J. Robb1980–1981
Warren Bruce Rudman1993–1993
Warren K.K. Luke1990–1992
Warren R. Lee1991–1993
Wayne W. Allen1993–1993
Webb C. Hayes, IV1992–1993
Werner C. Brown1980–1980
Weston P. Figgins1980–1980
Willard H. Derrick1983–1985
William A. Fickling, Jr.1980–1983
William A. Stroud1983–1988
William B. Walton1980–1981
William C. Bullock, Jr.1987–1988
William C. Steere, Jr.1993–1993
William E.B. Siart1989–1993
William G. Phillips1980–1984
William H. Chadwick1989–1991
William H. Knoell1981–1986
William H. May1988–1990
William H. Stroube1980–1981
William L. Mathers1982–1987
William L. McQuillan1993–1993
William L. Tooley1989–1993
William M. Dickson1980–1982
William S. Cook1980–1985
William S. Edgerly1984–1986
William S. Lee, III1982–1984
William Scott Sneath1980–1980
William T. McConnell1989–1993
William W. Strausburg1992–1993
William Wardwell Treat1983–1985
Zane G. Murfitt1980–1981

Lineage

New YorkSolomon1980–1984→1985–1993→Mcdonough1993–2003
MinneapolisWilles1977–1980→1980–1984 · 31 days vacant before→Stern1985–2009

Who held each seat