Michael Dotsey

In their time

Meetings by Chair

Bernanke4Yellen21Powell25

Policy rate

0–0.25% → 3–3.25%

+300 bp · Aug 2009 – Sep 2022

Rate moves

11 hikes · 3 cuts

36 holds at their meetings

Dissents witnessed

26

at 17 of 50 meetings

Unanimous

66%

33 of 50 meetings

Recessions

1

2020

US presidents

3

Obama · Trump · Biden

In the room

• Vice President, Federal Reserve Bank of Philadelphia4 meetingsAug 11–12, 2009 – Mar 13, 2012
• Senior Vice President, Federal Reserve Bank of Philadelphia16 meetingsJun 17–18, 2014 – Dec 13–14, 2016
• Associate Economist10 meetingsJan 31 – Feb 1, 2017 – Dec 15–16, 2020
• Executive Vice President, Federal Reserve Bank of Philadelphia20 meetingsMar 20–21, 2018 – Sep 20–21, 2022