E Gerald Corrigan

E. Gerald Corrigan, who as the aggressive president of the New York Federal Reserve Bank helped cushion Wall Street’s crash in the late 1980s, died on May 17 2022 in a memory-care center in Dedham, Mass. He was 80. Mr. Corrigan was born in June 1941 in Waterbury, Connecticut. He earned a bachelor of social sciences degree in economics from Fairfield University, Fairfield, Connecticut in 1963. He received a master of arts degree in 1965 and a doctor of philosophy degree in 1971, both in economics, from Fordham University. He became chief executive officer of the New York Fed and vice chairman of the FOMC on January 1, 1985 at the age of 43. Prior to his appointment, Mr. Corrigan was president of the Minneapolis Federal Reserve Bank for four and a half years. His career at the New York Fed began in 1968 when he joined the domestic research division as an economist, after teaching at Fordham University in 1967-68. From 1968 to 1979 he served in a variety of staff and official positions including vice president for planning and domestic open market operations. In addition to his daughter Elizabeth, Mr. Corrigan is survived by another daughter, Karen Corrigan Tate, from his marriage to Linda Barlow, which ended in divorce; his wife, Cathy Minehan, who was president of the Federal Reserve Bank of Boston from 1994 to 2007; his stepchildren, Melissa Minehan Walters and Brian Minehan; a sister, Patricia Carlascio; and five grandchildren.