The Federal Reserve Bank of Philadelphia appointed Anna Paulson as its 12th president, effective July 1
The Third District includes eastern and central Pennsylvania, Delaware, and southern New Jersey, and Paulson will represent the Third Federal Reserve District on the Federal Open Market Committee (FOMC). As a FOMC member, Paulson will help shape monetary policy. She also will be tasked with heading all of the bank’s activities and building and maintaining relationships with a variety of constituencies.
“I am honored to serve as the next president of the Federal Reserve Bank of Philadelphia,” Paulson said. “I look forward to meeting people throughout the Third District and leading the Philadelphia Fed team who are deeply committed to fostering the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems. I am excited to become part of the community in the Third District.”
Paulson currently is Federal Reserve Bank of Chicago executive vice president and director of research.
Paulson will replace Patrick T. Harker whose 10-year tenure concludes on June 30.
The search for a successor began, consistent with Federal Reserve policies and the Federal Reserve Act, in September 2024. The search committee included Federal Reserve Bank of Philadelphia’s eligible Class B and Class C directors.