Laurence Meyer Biography

Laurence H. Meyer served as a member of the Board of Governors of the Federal Reserve from June 20, 1996 until January 31, 2002. He was widely recognized as an influential member of the Federal Open Market Committee and built a reputation for independent thinking and straight talk about monetary policy. Fed Chairman Alan Greenspan said, “Larry Meyer has made an important contribution to the Board’s monetary policy. His thoughtful insights into technical issues and his technical expertise have materially enhanced the deliberations of the Board and the Federal Open Market Committee. His influence will carry on beyond his tenure as a Board member.”

Dr. Meyer was chairman of the Board’s Committee on Supervisory and Regulatory Affairs, overseeing the Board’s regulatory implementation of Gramm-Leach-Bliley Act and its participation in negotiations toward a new international capital accord. He also represented the Federal Reserve Board in several international forums, including the Financial Stability Forum, the Economic Policy Committee of the OECD, and APEC. He was responsible for monitoring developments in the Asia Pacific region and participated in U.S. bilateral dialogues with the central banks and finance ministries of Japan, China, and India.

Dr. Meyer is a Senior Adviser to Macroeconomic Advisers (MA) and offers Monetary Policy Insights in cooperation with MA. Macroeconomic Advisers was co-founded by Dr. Meyer, Chris Varvares, and Joel Prakken in 1982 as Laurence H. Meyer and Associates and Dr. Meyer served as President and Chairman of LHM&A from 1982 to 1996. The firm was renamed in 1996 when Meyer joined the Federal Reserve Board. Dr. Meyer is also a distinguished scholar at the Center for Strategic and International Studies in Washington, D.C. He operates out of his office in Washington D.C. In addition to his MPI service, Dr. Meyer is available for speaking engagements.

Dr. Meyer is recognized as one of the nation’s leading economic forecasters. He was honored by Business Week in 1986 as the top forecaster for the year on its forecast panel. He was similarly honored in 1993 and 1996 with the prestigious Annual Forecast Award, presented to the most accurate forecaster on the panel for the Blue Chip Economic indicators.

Dr. Meyer received a B.A. (magna cum laude) from Yale University in 1965 and a Ph.D. from Massachusetts Institute of Technology in 1970. He was also a professor of economics at Washington University in St. Louis from 1969 to 1996 and a former Chairman of the economics department and a Research Associate of the University’s Center for the Study of American Business.

Dr. Meyer serves on the Board of the National Bureau of Economic Research, is a Senior Advisor to the G-7 Group, and a Fellow of the National Association of Business Economists. He also received the 2002 Butler Award from the New York Association of Business Economists for excellence in business economics.

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