The Federal Reserve Bank of Chicago announced Thursday Charles Evans, president and chief executive officer, will retire from his position in early 2023.
"It has been an honor to serve as a president of the Chicago Fed and as a member of the Federal Open Market Committee for the last 14 years," Evans said in a statement."I have been privileged to work with talented, dedicated and mission-driven colleagues who are singularly focused on serving the public interest, the Seventh District and our nation. I am immensely proud of the work our bank has accomplished.
Evans, 64, joined the Chicago Fed in 1991 and has served in his current role since 2007. He helped develop the so-called"dot plot" the Federal Open Market Committee now publishes showing participants' views of appropriate monetary policy. "Charlie has been an influential and insightful voice at the monetary policy making table for nearly 15 years," said Fed Chair Jerome Powell."He is our longest-serving member and has been engaged in public service at the Chicago Fed for more than three decades. Charlie consistently brings data-driven analysis, unfailing collegiality, and a keen interest in seeking out differing views. He is an example of the very best in public service.
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