Get a load of who is now running the Markets Group at the NY Fed. I’ll let his bio speak for itself, except to say that it seems fitting that I supposed Huszar fell off the boat from Germany prior to joining the NY Fed. It’s quite possible that he has been formed and shaped by the BIS enclave there – and perhaps it might now just fear its possible future given that there are now enough vacant seats on the Board of Governors to make a noticeable difference in monetary policy and the personal career advancement potential for wannabes at the reserve banks.

Simon M. Potter
Simon M. Potter is an executive vice president of the Federal Reserve Bank of New York and head of the Markets Group which oversees domestic open market and foreign exchange trading operations, and the provisions of account services to foreign central banks. He is also the manager of the System Open Market Account for the Federal Open Market Committee (FOMC).

Prior to leading the Markets Group, Mr. Potter served as director of economic research and co-head of the Research and Statistics Group at the New York Fed. In this role Mr. Potter was responsible for constructing analytical tools for economic forecasting and monetary policy analysis, and leading FOMC briefings and preparation for the Bank president. Mr. Potter has played a prominent role in the New York Fed’s financial stability efforts, including contributing to the design of the Supervisory Capital Assessment Program and as a member of the Bank for International Settlements Macroeconomic Assessment Group that supported the Basel Committee’s work to strengthen bank capital standards. Mr. Potter also managed the team producing the first Financial Stability Oversight Council Annual Report on Financial Stability and served as an associate economist for the FOMC.

Before being named executive vice president in January 2010, Mr. Potter served as a senior vice president in the domestic research function. He joined the Bank in June 1998 as an economist and was named an officer of the New York Fed in January 2004. From April 2011 through July 2011, Mr. Potter worked at the Financial Stability Oversight Council.

Prior to joining the Bank, Mr. Potter was an assistant professor of economics at UCLA. He has also taught at Johns Hopkins University, New York University and Princeton University. His main research area is applied time series analysis using Bayesian methods. He has written extensively on nonlinear dynamics over the business cycles. Recent topics have included forecasting the probability of recession, large panel forecasting models, modeling structural change and inflation expectations.

Mr. Potter holds a bachelor’s degree and a master’s degree from Oxford University, United Kingdom and a doctorate from the University of Wisconsin.

June 2012