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Economist Alberto Musalem was named the next president and CEO of the Federal Reserve Bank of St. Louis on Thursday. The St. Louis Fed representative is an alternate member of the rate-setting Federal Open Market Committee and will vote in 2025. St. Louis Fed First Vice President Kathy O'Neill has been holding the position in the interim. "Alberto will be an outstanding president and CEO of the St. Louis Fed," said St. Louis Fed director Carolyn Chism Hardy, president and CEO of Chism Hardy Investments and deputy chair of the bank's search committee. "I am deeply honored to serve as the next president of the St. Louis Fed and grateful for the opportunity to promote a strong, resilient and inclusive economy," Musalem said.
Persons: Alberto Musalem, Louis, Musalem, James Bullard, Kathy O'Neill, Alberto, Louis Fed, Carolyn Chism Hardy, Chism, Hardy, Paul Tudor Jones Organizations: Federal Reserve Bank of St, Purdue University, Louis Fed, Market, Investments, Evince Asset Management, New York Fed, Tudor Investment Corp, Eighth, CNBC PRO Locations: St
[1/7] U.S. Vice President Kamala Harris speaks during an address after the Tennessee House of Representatives voted to expel two Democratic members, representatives Justin Pearson and Justin Jones, for their roles in a gun control demonstration at the Tennessee State Capitol, in Nashville, Tennessee, U.S., April 7, 2023. Just two state lawmakers had previously been expelled since the U.S. Civil War. Tennessee Representative Yusuf Hakeem, a Democrat, said Harris' visit showed "the White House is very interested and concerned in a meaningful way," adding that he does not expect protests to fade. Nearly 50 organizations, led by gun safety advocacy group the Newtown Action Alliance, called for nationwide student walkouts in solidarity with those in Tennessee. Members of the Tennessee General Assembly's Black Caucus at a news conference on Friday said Republicans had sunk to new lows.
[1/2] People exit the building after a vote on to expel two of three Democratic members for their role in a gun control demonstration at the statehouse last week, in Nashville, Tennessee, U.S., April 6, 2023. On Thursday, the Tennessee House of Representatives' Republican supermajority voted to remove Democratic Representatives Justin Jones and Justin Pearson, two young Black legislators, over demonstrations pushing for stricter gun laws. On Thursday, President Joe Biden decried the expulsions of the state lawmakers on Twitter, calling them "shocking, undemocratic, and without precedent." The White House, which announced the trip, did not provide other details about the meeting, scheduled for Friday evening. Nearly 50 organizations, led by the gun safety advocacy group the Newtown Action Alliance, called for nationwide student walkouts in solidarity with those in Tennessee.
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