Michael H. Moskow
Encyclopedia
Michael H. Moskow is currently vice chairman and senior fellow on the global economy at the Chicago Council on Global Affairs. From 1994–2007, he served as president and chief executive officer of the Federal Reserve Bank of Chicago
. In that capacity, he was a member of the Federal Open Market Committee
, the Federal Reserve System
's most important monetary policy-making body.
Moskow's professional accomplishments include service in both the public and private sectors, as well as higher education. During the course of his career, he has been confirmed by the U.S. Senate for five positions in the federal government.
, Lafayette College
, and Drexel University
. From 1969 to 1977, he held a number of senior positions in the federal government, including Deputy Secretary
at the U.S. Department of Labor, director of the Council on Wage and Price Stability, Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development, and senior staff economist with the Council of Economic Advisers
.
, and Premark International. In 1991, President George H. W. Bush
appointed Moskow Deputy United States Trade Representative
, with the corresponding rank of Ambassador
. In this role, he was responsible for trade negotiations with Japan, China, and Southeast Asian countries, as well as oversight of industries such as steel, semiconductors, and aircraft. Moskow returned to academia in 1993, joining the faculty of the Kellogg School of Management
at Northwestern University
where he was professor of strategy and international management at the time of his appointment as president of the Federal Reserve Bank of Chicago.
. He is a board member and former chairman of the National Bureau of Economic Research
, a member of the Commercial Club of Chicago
, and a fellow of the National Academy of Public Administration
. A trustee of Lafayette College, Moskow also maintains a connection to Northwestern University's Kellogg School of Management as a member of its Dean's Advisory Board. In the past, he has served on the boards of the Council on Foreign Relations
and Northwestern Memorial Foundation
.
of Discover Financial Services, Northern Funds
, Taylor Capital Group, Commonwealth Edison
, and Diamond Management & Technology Consultants
(which merged with PricewaterhouseCoopers
in November 2010).
. He received an A.B. in economics from Lafayette College in Easton, Pennsylvania
and a Ph.D. in business and applied economics from the University of Pennsylvania
. He has received honorary doctoral degrees
from DePaul University
, Dominican University
, Lafayette College, and Lewis University
. Moskow is married to Suzanne Kopp-Moskow. He has three children from a previous marriage and seven grandchildren.
Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago is one of twelve regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation's central bank....
. In that capacity, he was a member of the Federal Open Market Committee
Federal Open Market Committee
The Federal Open Market Committee , a committee within the Federal Reserve System, is charged under United States law with overseeing the nation's open market operations . It is the Federal Reserve committee that makes key decisions about interest rates and the growth of the United States money...
, the Federal Reserve System
Federal Reserve System
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913 with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907...
's most important monetary policy-making body.
Moskow's professional accomplishments include service in both the public and private sectors, as well as higher education. During the course of his career, he has been confirmed by the U.S. Senate for five positions in the federal government.
Early career and government service
Moskow began his career teaching economics, labor relations, and management at Temple UniversityTemple University
Temple University is a comprehensive public research university in Philadelphia, Pennsylvania, United States. Originally founded in 1884 by Dr. Russell Conwell, Temple University is among the nation's largest providers of professional education and prepares the largest body of professional...
, Lafayette College
Lafayette College
Lafayette College is a private coeducational liberal arts and engineering college located in Easton, Pennsylvania, USA. The school, founded in 1826 by James Madison Porter,son of General Andrew Porter of Norristown and citizens of Easton, first began holding classes in 1832...
, and Drexel University
Drexel University
Drexel University is a private research university with the main campus located in Philadelphia, Pennsylvania, USA. It was founded in 1891 by Anthony J. Drexel, a noted financier and philanthropist. Drexel offers 70 full-time undergraduate programs and accelerated degrees...
. From 1969 to 1977, he held a number of senior positions in the federal government, including Deputy Secretary
United States Deputy Secretary of Labor
United States Deputy Secretary of Labor is the second-highest-ranking official in the United States Department of Labor. In the United States federal government, the Deputy Secretary oversees the day-to-day operation of the Department of Labor, and may act as Secretary of Labor during the absence...
at the U.S. Department of Labor, director of the Council on Wage and Price Stability, Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development, and senior staff economist with the Council of Economic Advisers
Council of Economic Advisers
The Council of Economic Advisers is an agency within the Executive Office of the President that advises the President of the United States on economic policy...
.
Professional leadership and public service
In 1977, Moskow joined the private sector at Esmark in Chicago and later held senior management positions at Northwest Industries, Dart & KraftKraft Foods
Kraft Foods Inc. is an American confectionery, food and beverage conglomerate. It markets many brands in more than 170 countries. 12 of its brands annually earn more than $1 billion worldwide: Cadbury, Jacobs, Kraft, LU, Maxwell House, Milka, Nabisco, Oscar Mayer, Philadelphia, Trident, Tang...
, and Premark International. In 1991, President George H. W. Bush
George H. W. Bush
George Herbert Walker Bush is an American politician who served as the 41st President of the United States . He had previously served as the 43rd Vice President of the United States , a congressman, an ambassador, and Director of Central Intelligence.Bush was born in Milton, Massachusetts, to...
appointed Moskow Deputy United States Trade Representative
Office of the United States Trade Representative
The Office of the United States Trade Representative is the United States government agency responsible for developing and recommending United States trade policy to the president of the United States, conducting trade negotiations at bilateral and multilateral levels, and coordinating trade...
, with the corresponding rank of Ambassador
Ambassador
An ambassador is the highest ranking diplomat who represents a nation and is usually accredited to a foreign sovereign or government, or to an international organization....
. In this role, he was responsible for trade negotiations with Japan, China, and Southeast Asian countries, as well as oversight of industries such as steel, semiconductors, and aircraft. Moskow returned to academia in 1993, joining the faculty of the Kellogg School of Management
Kellogg School of Management
The Kellogg School of Management is the business school of Northwestern University in Evanston, Illinois, downtown Chicago, Illinois and Miami, Florida. Kellogg offers full-time, part-time, and executive programs, as well as partnering programs with schools in China, India, Hong Kong, Israel,...
at Northwestern University
Northwestern University
Northwestern University is a private research university in Evanston and Chicago, Illinois, USA. Northwestern has eleven undergraduate, graduate, and professional schools offering 124 undergraduate degrees and 145 graduate and professional degrees....
where he was professor of strategy and international management at the time of his appointment as president of the Federal Reserve Bank of Chicago.
Nonprofit and civic leadership
Active in numerous professional and civic organizations, Moskow is currently chairman of the Japan America Society of Chicago. He is also a member and former chairman of the Economic Club of Chicago and serves as a director of World Business Chicago, the Chicago Workforce Investment Council, and the National Futures AssociationNational Futures Association
The National Futures Association is an independent self-regulatory organization and watchdog of the commodities and futures industry in the United States. The NFA oversees and protects investors from fraudulent commodities and futures activities. The NFA also provides mediation and arbitration...
. He is a board member and former chairman of the National Bureau of Economic Research
National Bureau of Economic Research
The National Bureau of Economic Research is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." The NBER is well known for providing start and end...
, a member of the Commercial Club of Chicago
Commercial Club of Chicago
The Commercial Club of Chicago is an anti-labor club resulted from the 1907 merger of two predecessor Chicago clubs: the Merchants Club and the Commercial Club . Its most active members included George Pullman, Marshall Field, Cyrus McCormick, George Armour, Frederic Delano, Sewell Avery, Rufus...
, and a fellow of the National Academy of Public Administration
National Academy of Public Administration (United States)
The National Academy of Public Administration was founded by James E. Webb, then-administrator of NASA, and other leading public administration practitioners in 1967 and chartered under Title 36 of the United States Code in 1984 under Public Law 98-257. The Academy is a nonprofit, nonpartisan...
. A trustee of Lafayette College, Moskow also maintains a connection to Northwestern University's Kellogg School of Management as a member of its Dean's Advisory Board. In the past, he has served on the boards of the Council on Foreign Relations
Council on Foreign Relations
The Council on Foreign Relations is an American nonprofit nonpartisan membership organization, publisher, and think tank specializing in U.S. foreign policy and international affairs...
and Northwestern Memorial Foundation
Northwestern Memorial Hospital
Northwestern Memorial Hospital is one of the nation's preeminent academic medical centers and is the primary teaching hospital for Northwestern University's Feinberg School of Medicine. It is the second tallest hospital in the United States and the fourth tallest hospital in the world...
.
Corporate board memberships
Since leaving his position at the Federal Reserve, Moskow joined the boardsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
of Discover Financial Services, Northern Funds
Northern Trust
Northern Trust Corporation is an international financial services company headquartered in Chicago, Illinois, USA. It provides investment management, asset and fund administration, fiduciary and banking services through a network of 85 offices in 18 U.S. states and 12 international offices in North...
, Taylor Capital Group, Commonwealth Edison
Commonwealth Edison
Commonwealth Edison is the largest electric utility in Illinois, serving the Chicago and Northern Illinois area...
, and Diamond Management & Technology Consultants
Diamond Management & Technology Consultants
Diamond Management & Technology Consultants was an independent management consulting firm founded in 1994, headquartered in Chicago, IL with satellite offices in Hartford, CT, New York City, Washington DC, London, and Mumbai. It was acquired by PwC in 2010...
(which merged with PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers is a global professional services firm headquartered in London, United Kingdom. It is the world's largest professional services firm measured by revenues and one of the "Big Four" accountancy firms....
in November 2010).
Family life and education
Moskow was born in Paterson, New JerseyPaterson, New Jersey
Paterson is a city serving as the county seat of Passaic County, New Jersey, United States. As of the 2010 United States Census, its population was 146,199, rendering it New Jersey's third largest city and one of the largest cities in the New York City Metropolitan Area, despite a decrease of 3,023...
. He received an A.B. in economics from Lafayette College in Easton, Pennsylvania
Easton, Pennsylvania
Easton is a city in Northampton County, Pennsylvania, United States. The population was 26,800 as of the 2010 census. It is the county seat of Northampton County....
and a Ph.D. in business and applied economics from the University of Pennsylvania
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
. He has received honorary doctoral degrees
Honorary degree
An honorary degree or a degree honoris causa is an academic degree for which a university has waived the usual requirements, such as matriculation, residence, study, and the passing of examinations...
from DePaul University
DePaul University
DePaul University is a private institution of higher education and research in Chicago, Illinois. Founded by the Vincentians in 1898, the university takes its name from the 17th century French priest Saint Vincent de Paul...
, Dominican University
Dominican University (Illinois)
Dominican University is a coeducational, comprehensive, Catholic institution of higher education and research in River Forest, Illinois. Affiliated with the Sinsinawa Dominican Sisters, it offers bachelor's and master's degrees and certificate programs...
, Lafayette College, and Lewis University
Lewis University
Lewis University is a private Roman Catholic and Lasallian university located in Romeoville, Illinois, United States . The enrollment is currently around 6,800 students...
. Moskow is married to Suzanne Kopp-Moskow. He has three children from a previous marriage and seven grandchildren.
External links
- Bloomberg Businessweek executive profile and biography
- Council on Foreign RelationsCouncil on Foreign RelationsThe Council on Foreign Relations is an American nonprofit nonpartisan membership organization, publisher, and think tank specializing in U.S. foreign policy and international affairs...
leadership and staff listing - Discover Financial Services board of directors listing
- Diamond Management & Technology ConsultantsDiamond Management & Technology ConsultantsDiamond Management & Technology Consultants was an independent management consulting firm founded in 1994, headquartered in Chicago, IL with satellite offices in Hartford, CT, New York City, Washington DC, London, and Mumbai. It was acquired by PwC in 2010...
board of directors listing - ForbesForbesForbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
profile - John J. Lothian & Co. MarketsWiki entry
- Recorded interviews with Maria BartiromoMaria BartiromoMaria Bartiromo is an American television journalist, magazine columnist and author of three books. Bartiromo is a native of New York and attended New York University. She worked at CNN for five years before joining CNBC television...
on CNBCCNBCCNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
: September 17, 2009, November 2, 2009, and October 6, 2010