Dallas Fed Announces New President

The Federal Reserve Bank of Dallas today named Robert Kaplan as its next president and CEO. Kaplan, who takes office on Sept. 8, is a former investment banker and vice chairman at Goldman Sachs. Since 2006, he has been a management professor and executive at Harvard Business School, where he authored several books on leadership. He is also co-chairman of the Draper Richards Kaplan Foundation. Kaplan will succeed Richard Fisher, who retired in March after 10 years leading the Dallas Fed.