Laurence Meyer
Laurence Meyer | |
|---|---|
| Born | March 8, 1944 United States |
| Occupation | Economist |
| Years active | 1970–present |
| Known for | Member of the Federal Reserve Board of Governors (1996–2002) |
Laurence Meyer (born March 8, 1944) is an American economist who held a position on the Federal Reserve Board of Governors from 1996 until 2002.
He completed his undergraduate studies with a B.A. (magna cum laude) at Yale University in 1965 and obtained a Ph.D. in economics from the Massachusetts Institute of Technology in 1970. Following his doctorate, he spent 27 years as a faculty member at Washington University in St. Louis.
Together with two former pupils, Meyer established an economic consulting company named Laurence H. Meyer and Associates, which earned multiple accolades for its economic forecasting capabilities. After his appointment to the Federal Reserve, he divested his interests in the firm, which was subsequently renamed Macroeconomic Advisers.
Appointed by President Bill Clinton in 1996 alongside Alice Rivlin, Meyer was among the governors who supported raising interest rates, based on the assessment that the economy was close to full capacity and employment levels were near the non-accelerating inflation rate of unemployment. This stance differed from Chairman Alan Greenspan's perspective, which held that improvements in productivity permitted maintaining lower interest rates without sparking inflation.
Following his tenure at the Fed, Meyer assumed the role of Distinguished Scholar at the Center for Strategic and International Studies and founded Monetary Policy Analytics, Inc. dba LH Meyer.