Biography
Term of appointment: 1 February 2023 - 31 January 2026
Randall S. Kroszner is an external member of the Financial Policy Committee (FPC) and of the Bank’s Financial Market Infrastructure Committee (FMIC). He is also the Norman R. Bobins Professor of Economics at the University of Chicago’s Booth School of Business where he has been teaching since 1990.
Professor Kroszner served as a Governor of the Federal Reserve System from 2006 to 2009 where he took a leading role in developing responses to the financial crisis and new initiatives to improve consumer protection and disclosure for credit cards and mortgages. He represented the Fed at the Basel Committee on Banking Supervision and the Financial Stability Board and chaired the OECD working party on international macroeconomic policy. From 2001 to 2003, he served in as a Member of the U.S. President’s Council of Economic Advisers.
Professor Kroszner has more than 100 publications, including his book with Nobel laureate Robert J. Shiller, Reforming U.S. Financial Markets: Before and Beyond Dodd-Frank. His paper on corporate ownership won the Brattle Prize for best corporate finance paper in the Journal of Finance. He served as the Editor of the Journal of Law & Economics.
He received his PhD from Harvard University.
