Meyer leaves post on Federal Reserve Board

Bank News, February, 2002 by Anonymous

Meyer leaves post on Federal Reserve Board

Laurence H. Meyer resigned as a member of the Federal Reserve Board, effective Jan. 31, the last day of his term. Meyer has served on the Federal Reserve Board since 1996.

"Larry Meyer has made a major contribution to the board's monetary policy," said Chairman Alan Greenspan. "His thoughtful insights into difficult issues and his technical expertise have materially enhanced the deliberations of the board and the Federal Open Market Committee. His influence will carry on beyond his tenure as a board member."

The Fed said that in view of Meyer's impending departure and in keeping with board practice, he did not attend the Jan. 29-30 meeting of the Federal Open Market Committee.