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United States William Poole transitioned from a distinguished academic career to leading monetary policy as President of the Federal Reserve Bank of St. Louis, bringing a deep economic perspective to financial markets.
William Poole was named as its new president, effective March 23, 1998, replacing Thomas C. Melzer. He served in this role until March 31, 2008.
William Poole, former president of the Federal Reserve Bank of St. Louis, serves as a senior fellow at the Cato Institute.
William Poole is a senior economic adviser at Merk Investments LLC.
At the October meeting, then-St. Louis Fed President William Poole shared how sensing was reshaping his views on the appropriate monetary policy.
William Poole, President of the Federal Reserve Bank of St. Louis, delivered a welcome address at the third Community Affairs conference on behalf of the Federal Reserve System.
William Poole, Former President of the Federal Reserve Bank of St. Louis, was a recipient of the GIC Frederick Heldring Award and participated in a panel discussion titled 'Fixing the Banking System for Good'.
William Poole is a Distinguished Scholar in Residence at the University of Delaware.
William Poole was born on June 19, 1937, in Wilmington, Delaware. His academic journey began with a bachelor’s degree from Swarthmore College in 1959, followed by an M.B.A. in 1963 and a Ph.D. in economics in 1966, both from the University of Chicago. Poole commenced his professional career at the Board of Governors of the Federal Reserve System in 1964, eventually becoming a senior economist before joining academia. He served on the faculty of Johns Hopkins University from 1963 to 1969 and then at Brown University from 1974 to 1998, where he held the position of Herbert H. Goldberger Professor of Economics and twice chaired the economics department. In addition to his academic roles, Poole contributed to public policy as a member of the Council of Economic Advisers from 1982 to 1985 during the first Reagan administration.
On March 23, 1998, Poole was appointed the eleventh president of the Federal Reserve Bank of St. Louis, a position he held until his retirement on March 31, 2008. During his ten-year tenure, he played a significant role in monetary policy discussions as a voting member of the Federal Open Market Committee in 2007. His work and insights from this period were widely disseminated through over 150 speeches delivered on a range of economic and financial topics. Poole’s career also includes international academic engagements, such as being a visiting economist at the Reserve Bank of Australia in 1980–81 and the Bank Mees and Hope Visiting Professor of Economics at Erasmus University in Rotterdam in 1991.
Poole has an extensive publication record, authoring two books: “Money and the Economy: A Monetarist View” in 1978 and “Principles of Economics” in 1991, coauthored with J. Vernon Henderson. His contributions to economic thought and policy have been recognized with several honors, including a doctor of laws degree from Swarthmore College in 1989, induction into the Johns Hopkins Society of Scholars in 2005, and the Adam Smith Award from the National Association for Business Economics in 2006. The Global Interdependence Center also honored him with its Frederick Heldring Award in 2007.
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