Federal Reserve Bank of Chicago
Charles L. Evans

Charles L. Evans
President
Federal Reserve Bank of Chicago

Charles L. Evans took office on September 1, 2007, as the ninth president and chief executive officer of the Seventh District, Federal Reserve Bank of Chicago. In 2020, he serves as an alternate voting member of the Federal Open Market Committee.

Before becoming president, Dr. Evans was director of research and a senior vice president at the Federal Reserve Bank of Chicago. In that capacity he oversaw the Bank's research in monetary policy, banking and financial markets, and regional economics. In addition, he had supervisory responsibility for the Bank's Consumer and Community Affairs unit and the Public Affairs Department. Dr. Evans also served as an associate economist on the FOMC.

Prior to his appointment as research director, Dr. Evans was a vice president and senior economist in the Economic Research Department with responsibility for the macroeconomics research group. His research has focused on measuring the effects of monetary policy on U.S. economic activity, inflation, and financial market prices. His research has been published in the Journal of Political Economy, American Economic Review, Journal of Monetary Economics, Quarterly Journal of Economics, and the Handbook of Macroeconomics.

Dr. Evans has taught at the University of Chicago and the University of Michigan. Prior to joining the Chicago Fed in 1991, he was an assistant professor of economics at the University of South Carolina.

Dr. Evans received a BA in economics from the University of Virginia and a PhD in economics from Carnegie-Mellon University in Pittsburgh.

He is married and has two children.

Bank Location

230 South LaSalle Street
Chicago, IL 60604
(312) 322-5322
Visitor Information
Money Museum

Head office at Chicago, Illinois.

Branch Bank at Detroit, Michigan.

Covers the state of Iowa; 68 counties of northern Indiana; 50 counties of northern Illinois; 68 counties of southern Michigan; and 46 counties of southern Wisconsin.

Website: https://www.chicagofed.org/

Chicago district map

Branches

Detroit
1600 East Warren Avenue, Detroit, MI 48207-1063
P.O. Box 1059, Detroit, MI 48231
(313) 961-6880


List of Directors
Class A
Name Title Term expires
December 31
Michael O’Grady Chairman, President and Chief Executive Officer
Northern Trust
Chicago, Illinois
2020
Christopher J. Murphy, III Chairman and Chief Executive Officer
1st Source Bank
South Bend, Indiana
2021
Susan Whitson Chief Executive Officer, President
First National Bank; First of Waverly Corporation
Waverly, Iowa
2022

 

 

Class B
Name Title Term expires
December 31
David Cyril Habiger President and Chief Executive Officer
J.D. Power
Troy, Michigan
2020
Susan M. Collins Interim Provost and Executive Vice President for Academic Affairs
University of Michigan
Ann Arbor, Michigan
2021
Linda Jojo Executive Vice President, Technology and Chief Digital Officer
United Airlines, Inc.
Chicago, Illinois
2022
Class C
Name Title Term expires
December 31
E. Scott Santi
(Chair)
Chairman and Chief Executive Officer
Illinois Tool Works Inc.
Glenview, Illinois
2020
Wright L. Lassiter, III
(Deputy Chair)
President and Chief Executive Officer
Henry Ford Health System
Detroit, Michigan
2021
Helen D. Gayle President and Chief Executive Officer
The Chicago Community Trust
Chicago, Illinois
2022

DETROIT BRANCH

Appointed by the Federal Reserve Bank:
Name Title Term expires
December 31
Sandy K. Baruah President and Chief Executive Officer
Detroit Regional Chamber
Detroit, Michigan
2020
Sandra E. Pierce Chairman & Senior Executive Vice President, Private Client Group and Regional Banking Director
Huntington Michigan
Southfield, Michigan
2020
Rip Rapson President and Chief Executive Officer
The Kresge Foundation
Troy, Michigan
2021
Ronald E. Hall President and Chief Executive Officer
Bridgewater Interiors, LLC
Detroit, Michigan
2022

 

Appointed by the Board of Governors:

Name Title Term expires
December 31
Joseph B. Anderson, Jr.
(Chair)
Chairman and Chief Executive Officer
TAG Holdings, LLC
Wixom, Michigan
2020
James M. Nicholson Co-Chairman
PVS Chemicals, Inc.
Detroit, Michigan
2021

Linda P. Hubbard

President and Chief Operating Officer
Carhartt, Inc.
Dearborn, Michigan

2022
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Last Update: April 13, 2020