Nancy Teeters

Nancy Hays Teeters (July 29, 1930 – November 17, 2014)[1] was an American economist and corporate executive who served as a member of the Federal Reserve Board of Governors from 1978 to 1984. A member of the Democratic Party, Teeters was the first woman to sit on the Board. She was nominated by President Jimmy Carter to fill out the remainder of the term of Arthur F. Burns, a former chairman of the Fed. Teeters was known for her public statements in which she dissented from the mainstream opinion of the Board and Chairman Paul Volcker.[2]

Nancy Teeters
Member of the Federal Reserve Board of Governors
In office
September 18, 1978 – June 27, 1984
PresidentJimmy Carter
Ronald Reagan
Preceded byArthur F. Burns
Succeeded byMartha Seger
Personal details
Born(1930-06-29)June 29, 1930
Marion, Indiana, U.S.
DiedNovember 17, 2014(2014-11-17) (aged 84)
Stamford, Connecticut, U.S.
Political partyDemocratic
SpouseRobert Teeters
EducationOberlin College (BA)
University of Michigan, Ann Arbor (MA)

Early life and education

Teeters was the youngest of three children born to Edgar Hayes, a box salesman, and Mabel, a homemaker. She received a bachelor's degree from Oberlin College in 1952 and a master's degree from the University of Michigan in 1954, both in economics.[2]

Career

In 1957, Teeters joined the Federal Reserve as a staff economist in the Division of Research and Statistics. From 1962 to 1963, she worked as an economist on the staff of the Council of Economic Advisers, then led by Chair Walter Heller. She returned to the Fed for three years and also spent time with the Bureau of the Budget (predecessor of the Office of Management and Budget, the Brookings Institution, and the Congressional Research Service prior to her appointment to the Board of Governors of the Federal Reserve.[1]

After leaving the Fed, she joined IBM as director of economics, and was elected an IBM vice president and chief economist in 1986; the second woman to hold the post. Teeters served in that capacity until her retirement in 1990.[3] She died on November 17, 2014 at the age of 84.

References
  1. "Nancy H. Teeters". Federal Reserve History. Retrieved 29 October 2015.
  2. Vitello, Paul (November 24, 2014). "Nancy H. Teeters, First Woman on Federal Reserve Board, Dies at 84". The New York Times.
  3. Arnold, Lawrence. "Nancy Teeters, First Woman on Federal Reserve Board, Dies at 84" Bloomberg Business November 23, 2014
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.