William Joseph McDonough
William McDonough | |
---|---|
Timothy F. Geithner | |
Personal details | |
Born | William Joseph McDonough April 21, 1934 Chicago, Illinois, U.S. |
Died | January 22, 2018 Waccabuc, New York, U.S. | (aged 83)
Education | College of the Holy Cross (BA) Georgetown University (MA) |
William Joseph McDonough (April 21, 1934 – January 22, 2018) was a former vice chairman and special advisor to the chairman at
Early life and education
McDonough earned a Master of Economics degree from Georgetown University in Washington, D.C., and a Bachelor of Economics degree from the College of the Holy Cross in Worcester, Massachusetts. He also served as an advisory board member for the Yale School of Management.
Career
Before his career with the First Chicago, McDonough was with the
McDonough joined the Federal Reserve Bank of New York in 1992 as executive vice president, head of the bank's markets group and manager of the Federal Open Market Committee‘s (FOMC) open market operations. He served as president and chief executive officer from July 1993 to July 2003. As president, he served as the vice chairman and a permanent member of the FOMC, which formulates U.S. monetary policy. McDonough also served on the board of directors of the Bank for International Settlements and as chairman of the Basel Committee on Banking Supervision.
From 2003 to 2005, he was chairman of the
McDonough is a former member of the board of directors of the
Personal life
McDonough resided in Westchester County, New York, with his wife, Suzanne Clarke McDonough since 2005. He died January 22, 2018, at his home in Waccabuc, New York.[3]
References
- ^ Norris, Floyd (2003-04-16). "S.E.C. Picks A Fed Banker To Lead Panel". The New York Times. Retrieved 2009-04-16.
- ^ "The Council on Foreign Relations from 1921 to 1996 - Historical Roster of Directors and Officers".
- ^ "William McDonough, N.Y. Fed Chief in Twin Crises, Dies at 83". Bloomberg.com. 25 January 2018.
External links
- Biography at the Federal Reserve Bank of New York
- Appearances on C-SPAN