Marvin Goodfriend

Mr. Goodfriend is a leading figure among conservative economists who study monetary policy. He worked for more than 20 years as an economist at the Federal Reserve Bank of Richmond; for more than half of that time, he was the chief monetary policy adviser to the bank’s president, a member of the Fed’s policy committee. He left the bank in 2005 to join the faculty at Carnegie Mellon University. Mr. Goodfriend is the Friends of Allan Meltzer Professor of Economics at Carnegie Mellon University’s Tepper School of Business. He worked for the Federal Reserve Bank of Richmond 1978-2005 where he was director of research and policy advisor from 1993-2005. He served as visiting economist at the Federal Reserve Board 1982-3, senior staff economist for President Reagan’s Council of Economic Advisors 1984-5, and visiting professor at the University of Chicago 1988-1990. He has evaluated research and policy advice at the invitation of numerous European central banks. He is an honorary advisor at the Bank of Japan, served on the Federal Reserve Bank of New York’s Economic Advisory and Monetary Policy Panels, is a member of the Shadow Open Market Committee, and a research associate of the National Bureau of Economic Research.