birth_place school_tradition influences color nationality field birth_date article_title name alma_mater
bronx , new york neo-keynesian economics hyman minsky darkorange united states macroeconomics 08 march 1944 laurence meyer
 laurence meyer mit , 1965 -rrb- -lrb- ph.d. , 1970 -rrb- yale -lrb- b.a.
laurence meyer

laurence meyer -lrb- born march 8 , 1944 -rrb- is an economist and was a united states federal reserve system governor from june 1996 to january 2002 .
meyer received a b.a. -lrb- magna cum laude -rrb- from yale university in 1965 and a ph.d. in economics from the massachusetts institute of technology in 1970 .
he then taught at washington university in st. louis for 27 years .
meyer also ran an economic consulting firm , `` laurence h. meyer and associates '' , with two former students .
after he moved to the fed , he sold his interest in the firm and it renamed itself `` macroeconomic advisers '' .
he won several economic forecasting awards while running the company .
he was nominated to the fed by president bill clinton along with alice rivlin in 1996 .
at the fed , meyer was one of the governors most ready to raise interest rates , because he believed that the economy was operating near full capacity , and especially that employment was near the non-accelerating inflation rate of unemployment , or the rate that would cause inflation .
alan greenspan , the chairman at that time , was one of the leaders of the idea that improved productivity would allow the fed to keep interest rates low without causing inflation .
after leaving the fed , meyer became a distinguished scholar at the center for strategic and international studies .
he also resumed working with `` macroeconomic advisers '' .
