Paxson named to Federal Reserve Bank of Boston board

BROWN UNIVERSITY President Christina Paxson recently was named to the Federal Reserve Bank of Boston's board of directors. / PBN FILE PHOTO/ MICHAEL SALERNO
BROWN UNIVERSITY President Christina Paxson recently was named to the Federal Reserve Bank of Boston's board of directors. / PBN FILE PHOTO/ MICHAEL SALERNO

PROVIDENCE – The Federal Reserve Bank of Boston has named Brown University President Christina Paxson to its board of directors.
The naming of the nine directors on the board includes two new members, and Paxson is one of the two. The other new member is Phillip L. Clay, a former chancellor of the Massachusetts Institute of Technology from 2001 to 2011. The decision was announced Jan. 12.
Paxson, a professor of economics and public policy, was elected to the board by the member banks of the Federal Reserve District, which covers New England. As one of the Boston Fed’s nine directors, she will help to oversee the pursuit of its mission of promoting growth and financial stability in the region.
Paxson said she looks forward to this new opportunity to engage in public service.
“The Federal Reserve is an essential institution for ensuring economic security and innovation in the region and the nation as a whole,” she said. “I am honored to have this opportunity to help guide its efforts to realize the aspirations and advance the well-being of people across New England.”
As one of the leaders of the Boston Fed, Paxson serves as a “Class B” director, which means she was elected by member banks to represent the public.
At Princeton, where Paxson began her professorial career in 1986, she was the founding director of the Center for the Economics and Demography of Aging, supported by the National Institute on Aging. In 2000, she founded the Center for Health and Well-Being, an interdisciplinary research center in the Woodrow Wilson School of Public and International Affairs.
Over the years, her research increasingly focused on the relationship of economic factors to health and welfare over the life course, particularly on the health and welfare of children.
Paxson become president of Brown in 2012.

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