Lyle Elden Gramley (January 14, 1927 – March 22, 2015) was an American economist who served as a member of the Federal Reserve Board of Governors from 1980 to 1985. He previously served as a member of the Council of Economic Advisers from 1977 to 1980.[1][2][3][4]
Lyle Gramley | |
|---|---|
 | |
| Member of the Federal Reserve Board of Governors | |
| In office May 28, 1980 – September 1, 1985 | |
| President | Jimmy Carter Ronald Reagan |
| Preceded by | Philip Coldwell |
| Succeeded by | Wayne Angell |
| Personal details | |
| Born | Lyle Elden Gramley January 27, 1927 Aurora, Illinois, U.S. |
| Died | March 22, 2015 (aged 88) Potomac, Maryland, U.S. |
| Political party | Democratic |
| Education | Beloit College (BA) Indiana University Bloomington (MA, PhD) |
Early life, military service and education
editGramley was born in Aurora, Illinois. He was in the United States Navy from 1944 to 1947 and became an electronics technician in the submarine force. He served on the USS Requin from 1946 to 1947. After serving in the Navy, he attended Aurora University and graduated from Beloit College in 1951.
Career
editHe was a member of the Council of Economic Advisors during Carter administration until nominated to sit on the Fed Board as governor. After leaving the Fed, Gramley was a financial consultant for several corporations.[5] He then earned his Ph.D. from Indiana University Bloomington.[1]
References
edit- ^ a b "Lyle Gramley, 88, Inflation Tamer in White House and at the Fed, Dies". New York Times. March 24, 2015.
- ^ Biven, W. Carl (2002). "The Worsening Inflation". Jimmy Carter's Economy: Policy in an Age of Limits. University of North Carolina Press. pp. 185–208. ISBN 9780807827383.
- ^ Grubaugh, Stephen; Sumner, Scott (1990). "Monetary Policy and US Trade Deficit". In Hogan, Joseph (ed.). The Reagan Years: The Record in Presidential Leadership. Manchester University Press. pp. 237–58. ISBN 9780719030185.
- ^ "Lyle E. Gramley". Federal Reserve History.
- ^ "Alumni: Lyle Gramley". Beloit College.
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