Charles L. Evans, president and chief executive officer of the Federal Reserve Bank of Chicago, took office on September 1, 2007 as the ninth president and chief executive officer of the Federal Reserve Bank of Chicago. In that capacity, he serves on the Federal Open Market Committee (FOMC), the Federal Reserve System's most important monetary policymaking body.
Before becoming president, Evans was director of research and a senior vice president at the Chicago Fed. In that capacity he oversaw the Bank's research in monetary policy, banking and financial markets, and regional economics. In addition, he had supervisory responsibility for the Bank's Consumer and Community Affairs unit and the Public Affairs Department. Evans also served as an associate economist on the FOMC.
Prior to appointment as research director in July 2003, Evans served as vice president and senior economist in the economic research department with responsibility for the macroeconomics research group. His research has focused on measuring the effects of monetary policy on U.S. economic activity, inflation and financial market prices. His research has been published in the Journal of Political Economy, American Economic Review, Journal of Monetary Economics, Quarterly Journal of Economics and the Handbook of Macroeconomics. In addition to his work at the Chicago Fed, he has taught at the University of Chicago and the University of Michigan. Prior to joining the Chicago Fed in 1991, he was an assistant professor of economics at the University of South Carolina. Evans received a BA in economics from the University of Virginia and a PhD in economics from Carnegie-Mellon University in Pittsburgh.