Former Fed Staffer Stockton Joins Macroeconomic Advisers
March 08 2012 - 12:19PM
Dow Jones News
David Stockton, formerly a high-ranking staff member with the
Federal Reserve Board, has joined forecasting firm Macroeconomic
Advisers LLC as a senior adviser.
According to a press release issued by the closely watched
forecasting firm, Stockton will be based in Washington. Stockton
retired last autumn after serving as director of the division of
research and statistics at the Fed. One of his chief
responsibilities was leading the team that prepared economic
briefings for Federal Open Market Committee meetings.
According to Macroeconomic Advisers, Stockton "will contribute
to the monthly forecast rounds, help design alternative scenarios,
and participate in all issues surrounding monetary policy
prospects."
The firm is best known to financial markets for monthly report
it compiles with payroll company Automatic Data Processing Inc.
(ADP) on the employment market. It also counts former Fed governor
Larry Meyer as a staffer.
-By Michael S. Derby, Dow Jones Newswires; 212-416-2214;
michael.derby@dowjones.com
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