The Federal Reserve Board has announced the new chairs and deputy chairs for the 12 Federal Reserve Banks for 2026. Each of these banks has a board of directors that includes public representatives from their regions. The Board of Governors appoints three members to each board and designates one as chair and another as deputy chair each year.
Here’s a look at the designated leaders for 2026:
Boston
- Chair: Lizanne Kindler, Executive Chair, KnitWell Group.
- Deputy Chair: Tim Sweeney, CEO, Liberty Mutual Insurance.
New York
- Chair: Pat Wang, CEO, Healthfirst.
- Deputy Chair: Rajiv J. Shah, M.D., President, The Rockefeller Foundation.
Philadelphia
- Chair: William Lo, CEO, Crystal Steel Fabricators.
- Deputy Chair: Kisha Hortman Hawthorne, COO, Care Network at Children’s Hospital of Philadelphia.
Cleveland
- Chair: Richard J. Kramer, former CEO, The Goodyear Tire & Rubber Co.
- Deputy Chair: Fred Hargett, CFO, University of Pittsburgh Medical Center.
Richmond
- Chair: Lisa M. Lawson, CEO, The Annie E. Casey Foundation.
- Deputy Chair: Halsey M. Cook, CEO, Milliken & Company.
Atlanta
- Chair: Gregory A. Haile, CEO, Upwardly Global.
- Deputy Chair: James O. Etheredge, former CEO, Accenture North America.
Chicago
- Chair: Jennifer F. Scanlon, CEO, UL Solutions Inc.
- Deputy Chair: Maurice Smith, CEO, Health Care Service Corporation.
St. Louis
- Chair: Lal Karsanbhai, CEO, Emerson Electric Co.
- Deputy Chair: Gregory A. Heckman, CEO, Bunge Global SA.
Minneapolis
- Chair: Paul D. Williams, Consultant, Williams Community Supports.
- Deputy Chair: Jay Debertin, CEO, CHS, Inc.
Kansas City
- Chair: Jandel Allen-Davis, M.D., CEO, Craig Hospital.
- Deputy Chair: Paul Maass, CEO, Scoular.
Dallas
- Chair: Claudia Aguirre, CEO, BakerRipley.
- Deputy Chair: Gary C. Kelly, Chairman Emeritus, Southwest Airlines.
San Francisco
- Chair: Russell A. Childs, CEO, SkyWest, Inc.
- Deputy Chair: Pallavi Mehta Wahi, Chair of Western U.S. Strategic Growth at Arnold & Porter.
These appointments reflect a diverse range of expertise and backgrounds, enhancing the Federal Reserve’s oversight of monetary policy and economic stability.
According to recent statistics from the Federal Reserve, leadership diversity can lead to better decision-making and resilience in handling economic challenges. Experts emphasize the importance of varied perspectives in economic discussions, suggesting that diverse boards can generate innovative solutions to complex issues.
In light of recent economic fluctuations and public sentiment about financial accountability, these new appointments could play a crucial role in shaping responsive and effective monetary policies.
