The Federal Reserve Bank of Cleveland has created a Financial Markets Advisory Council and appointed 14 inaugural members to provide senior leaders with high-level insights on economic and financial market conditions and risks to the financial system. The council draws on business economists and financial institution leaders from across the United States, including representatives from The Progressive Corporation, Bank of America, Brevan Howard, Vanguard, BNY, the New York Stock Exchange, DRW, Atlas SP, Goldman Sachs, Millennium Management, ADP, Balyasny Asset Management, Citi and Capital Group. Members will serve three-year terms that rotate over time, with the possibility of renewal; Cleveland Fed staff are prohibited from discussing non-public material or confidential supervisory information with council members, and the council’s charter has been published on the bank’s website.
Federal Reserve Bank of Cleveland 2025-05-29
Federal Reserve Bank of Cleveland establishes Financial Markets Advisory Council and appoints 14 members
The Federal Reserve Bank of Cleveland has established a Financial Markets Advisory Council, appointing 14 members to provide insights on economic and financial market conditions. The council includes leaders from major financial institutions such as Bank of America, Goldman Sachs, and the New York Stock Exchange. Members will serve three-year terms, with Cleveland Fed staff restricted from sharing non-public information.