Stockton retires from FRB

David Stockton will be retiring from the FRB ths year after 30 years of service

David Stockton, director of the division of research and statistics at the Federal Reserve Board (FRB), will retire on September 30. He has held the post for 11 years, overseeing the division's 325 staff members and responsible for briefing the Federal Open Markets Committee (FOMC) on the outlook for the US economy. He has worked under both Ben Bernanke and Alan Greenspan.

Stockton has been with the FRB for 30 years, having joined in 1981 as an economist in the wages, prices and productivity section, responsible for the forecasting and analysis of inflation. He went on to become a member of the economic activity section, co-ordinating the staff economic projections for the FOMC. He was appointed an officer of the board in 1987, which saw him become assistant director and chief of the economic activity section. He then held various positions within the division before his appointment as director in 2000.

Before joining the FRB, Stockton worked as an instructor and lecturer at Yale University and at Trinity College, both in Connecticut.