Nancy Teeters

Nancy Teeters
Federal Reserve Governor
In office
September 18, 1978 – June 27, 1984
President Jimmy Carter
Ronald Reagan
Personal details
Born (1930-06-29)June 29, 1930
Marion, Indiana, U.S.
Died November 17, 2014(2014-11-17) (aged 84)
Stamford, Connecticut, U.S.
Spouse(s) Robert D. Teeters
Alma mater Oberlin College
University of Michigan

Nancy Hays Teeters (July 29, 1930 – November 17, 2014)[1] was the first woman to serve on the Federal Reserve Board of Governors. Appointed by President Jimmy Carter, she served from 1978-1984. She was known for her public statements in which she dissented from the mainstream opinion of the Board and Chairman Paul Volcker.[2]

Early life and education

Teeters was the youngest of three children born to Edgar Hayes, a box salesman, and Mabel, a homemaker. She received a bachelor's degree from Oberlin College in 1952 and a master's degree from the University of Michigan in 1954, both in economics.[2]

Career

In 1957, Teeters joined the Federal Reserve as a staff economist in the Division of Research and Statistics. From 1962 to 1963, she worked as an economist on the staff of the Council of Economic Advisers, then led by Chair Walter Heller. She returned to the Federal Reserve for three years and also spent time with the Bureau of the Budget (now the Office of Management and Budget, the Brookings Institution, and the Congressional Research Service prior to her appointment to the Board of Governors of the Federal Reserve.[1]

After leaving the Fed, she became director of economics at IBM, where she served until her retirement in 1990.[3] She died in November 17, 2014 at the age of 84.

References

  1. 1 2 "Nancy H. Teeters". Federal Reserve History. Retrieved 29 October 2015.
  2. 1 2 Vitello, Paul (November 24, 2014). "Nancy H. Teeters, First Woman on Federal Reserve Board, Dies at 84". The New York Times.
  3. ↑ Arnold, Lawrence. "Nancy Teeters, First Woman on Federal Reserve Board, Dies at 84" Bloomberg Business November 23, 2014
  • Works by or about Nancy Teeters in libraries (WorldCat catalog)
  • Nancy H. Teeters (1966). Some fiscal implications of expansion of the social security system. Board of Governors of the Federal Reserve System.
  • United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs (1978). Nomination of Nancy H. Teeters: hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-fifth Congress, second session ... September 11, 1978. U.S. Government Printing Office.
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