Donald Kohn
| Donald Kohn | |
|---|---|
 |
|
| Vice Chair of the Federal Reserve System | |
|
In office June 23, 2006 – June 23, 2010 |
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| Nominated by | George W. Bush |
| Preceded by | Roger Ferguson |
| Succeeded by | Janet Yellen |
| Personal details | |
| Born |
Donald Lewis Kohn November 7, 1942 Philadelphia, Pennsylvania, U.S. |
| Spouse(s) | Gail Kohn |
| Children | Laura Jeffrey |
| Alma mater |
College of Wooster University of Michigan |
Donald Lewis Kohn (born November 7, 1942) is an American economist who served as the former Vice Chairman of the Board of Governors of the Federal Reserve System. He is considered a moderate dove on monetary policy. He retired after 40 years at the central bank in September, 2010 and currently serves on the Financial Policy Committee for the Bank of England and as a Senior Fellow at the Brookings Institution.
Kohn was born to Jewish family in Philadelphia and raised in Elkins Park, Pennsylvania. He received a B.A. in economics in 1964 from The College of Wooster and a Ph.D. in economics in 1971 from the University of Michigan. Kohn and his wife, Gail, have two children, Laura Kohn and Jeffrey Kohn.
Kohn is a veteran of the Federal Reserve System. Before becoming a member of the Board, he served on its staff as Adviser to the Board for Monetary Policy (2001–02), Secretary of the Federal Open Market Committee (1987-2002), Director of the Division of Monetary Affairs (1987-2001), and Deputy Staff Director for Monetary and Financial Policy (1983–87). He also held several positions in the Board's Division of Research and Statistics—Associate Director (1981–83), Chief of Capital Markets (1978–81), and Economist (1975-78). Dr. Kohn began his career as a Financial Economist at the Federal Reserve Bank of Kansas City (1970–75).
Kohn took office as a member of the Board of Governors of the Federal Reserve on August 5, 2002 for a full term ending January 31, 2016. On May 18, 2006, the White House announced that Kohn had been nominated by President George W. Bush to replace Roger W. Ferguson, Jr. as the new vice chairman of the Federal Reserve System for a four-year term. The United States Senate approved his nomination, and Kohn began serving his four-year term as Vice Chairman of the Board of Governors of the Federal Reserve System on June 23, 2006.
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