Robert P. Black

Robert P. Black, a native of Hickman, Kentucky, was the fifth president (1973–1992) of the Federal Reserve Bank of Richmond, preceded in that position by Aubrey N. Heflin and succeeded by J. Alfred Broaddus (1993–2004) and Jeffrey Lacker (August 1, 2004 – April 4, 2017).

After cutting short his initial studies at the University of Virginia and serving in the Army, Black returned to UVA and earned a bachelor's degree, master's degree, and doctorate in economics. He completed his dissertation in 1954 after beginning his work at the Richmond Fed. In 1955 he taught briefly for one year at the University of Tennessee.

Black and his two successors as president of the Richmond Fed, J. Alfred Broaddus and Jeffrey Lacker, discussed in an interview for the Richmond Times-Dispatch the changes that have occurred in economic trends, the banking community, and the city of Richmond during their tenures at the bank.

In 1990, Black, considered an "inflation hawk" testified in support of United States House of Representatives Joint Resolution 409, sponsored by Rep. Stephen Neal, a Democrat from North Carolina, which would have required the Federal Reserve Bank to achieve zero inflation within five years of passage.

He served on the board of directors of the Richmond Eye and Ear Hospital, Retreat Health Systems, the Virginia Inter-Government Institute, the Governor's Commission on Defense Conversion and Economic Adjustment, and the Virginia Economic Recovery Commission. He was a member of the advisory boards of the Health Corporation of Virginia, the Center for Advanced Studies of the University of Virginia, and J. Sargeant Reynolds Community College Educational Foundation. He served on the board of governors and executive committee of the Capital Area Assembly and was a board trustee of the Academy for Economic Education and board chairman of Virginia United Methodist Homes.

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