Philadelphia Fed Welcomes Anna Paulson as New Leader

The Federal Reserve Bank of Philadelphia has made a significant announcement this Thursday, revealing Anna Paulson as its incoming president. Currently serving as the Chicago Fed's executive vice president and director of research, Paulson is set to begin her new role on July 1.

A New Era for Monetary Policy and Community Engagement

In her capacity as president, Anna Paulson will play a pivotal role in shaping monetary policy through her membership in the Federal Open Market Committee (FOMC). Her responsibilities will extend to overseeing the Bank’s payment services, bank supervision, and fostering community engagement. The Philadelphia Fed emphasized her role in building and nurturing relationships with business leaders and community representatives to gain deeper insights into the Third District’s economy.

Transition of Leadership

Paulson is stepping into the shoes of Patrick Harker, who is retiring in June after a decade of service at the helm of the Philadelphia Fed. This marks the beginning of a new chapter for the institution under Paulson's leadership.