Dallas Fed Bank Taps Harvard Professor As New President

While Fisher was known as an “inflation hawk”, though, not that much seems to be known about Kaplan’s views on monetary policy.

The Dallas Fed president rotates into a voting spot on the Fed’s policy-setting panel in 2017, and takes part in policy discussions at the central bank’s regular meetings.

He is on the board of Heidrick and Struggles, the search firm hired to seek candidates for the post, the Dallas Fed said, and was initially contacted about the position by a member of the bank’s search committee.

After working at Goldman, Kaplan joined Harvard University where he was the senior associate dean of the business school, according to a Dallas Fed press release.

Prior to joining Harvard in 2006, Kaplan had been vice chairman of the Goldman Sachs Group with responsibility for investment banking and investment management.

Kaplan’s monetary policy leanings are unclear.

His appointment, announced Monday, comes after a lengthy search. In contrast, “doves” are Fed officials who lean toward lower interest rates to support stronger job growth.

William Dudley, the president of the New York Fed, was previously the Wall Street bank’s chief economist. The Dallas Fed president does not have a vote this year. The Senate has yet to confirm the nominations. A commitment to the Dallas Fed district, which covers Texas, southern New Mexico and northern Louisiana, also ranked among the desired qualities.