People news: Senior advisor to New York Fed president leaving for job at Dallas Fed

The Federal Reserve Bank of New York on Monday announced that Joseph Tracy, executive VP and senior advisor to the president, will be leaving to join the Federal Reserve Bank of Dallas, effective Sept. 1.

“Joe has been a trusted advisor to me and a valued mentor to many across the Bank during his long and distinguished career,” William C. Dudley, president and CEO of the New York Fed, said in a news release. “I rely on his expertise and judgment on a wide range of issues and have enjoyed collaborating with him on many of my public speeches. While Joe will be greatly missed in New York, I am delighted that Joe will continue to contribute to the System’s efforts and look forward to working with him in his new role and wish him well.”

Tracy joined the New York Fed in 1996 as a research officer after teaching at both Yale and Columbia Universities. At the New York Fed, he has held several positions in the Research Group, where he focused on housing and labor issues. Tracy led the Research Group from the end of 2004 through 2009.

Tracy’s areas of research expertise include labor, housing, and urban economics, and he has authored several “influential” papers on the housing boom and bust and the financial crisis, the release stated.

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