Sylvain Leduc

In their time

Meetings by Chair

Bernanke2Yellen2Powell32Warsh2

Policy rate

0–0.25% → 3.75–4%

+375 bp · Oct 2013 – Sep 2026

Rate moves

8 hikes · 3 cuts

26 holds at their meetings

Dissents witnessed

20

at 11 of 37 meetings

Unanimous

70%

26 of 37 meetings

Recessions

1

2020

US presidents

3

Obama · Trump · Biden

In the room

• Vice President, Federal Reserve Bank of San Francisco4 meetingsOct 16, 2013 – Apr 28–29, 2015
• Executive Vice President, Federal Reserve Bank of San Francisco14 meetingsNov 7–8, 2018 – Dec 13–14, 2022
• Associate Economist6 meetingsMar 16–17, 2021 – Sep 17–18, 2024
• Director of Research, Federal Reserve Bank of San Francisco5 meetingsJan 31 – Feb 1, 2023 – Jan 28–29, 2025
• Associate Economists1 meetingDec 17–18, 2024