Those decisions will be particularly risky as the central bank seeks to tighten credit and combat high inflation without slowing the economy so much as to cause a recession.
Before assuming her role at Michigan, Collins, 63, also taught at Georgetown University and was a senior staff economist on the White House Council of Economic Advisers under President George H.W. Bush. Collins, who will start July 1, replaces Eric Rosengren, who retired last year after 14 years as president. Rosengren stepped down for health reasons and after he had come under scrutiny for investments he made in real estate funds at the same time that the Fed was buying mortgage-backed bonds to stabilize financial markets.“Dr.
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