021 Roger Ferguson| trillions and trillions

ROGER’S BIO

Roger W. Ferguson Jr. has remarkably been dealing with numbers that have four commas (trillions of dollars) for decades from a variety of vantage points. From a very humble start as a black child in a lower middle class household in Washington DC, his accomplishments when taken together are astounding. He has been at the top of his game for decades as an American economist, attorney and corporate executive and board member. Roger served as the 17th Vice Chairman of the Federal Reserve and Chairman of the Group of 10 and Group of 30, the first African American to hold the posts, preceded by being a member of the board. After leaving the Fed, he served as president and CEO of the Teachers Insurance and Annuity Association of America (TIAA) from 2008 to 2021, one of the largest asset managers in the world. He has three degrees from Harvard and has received honorary degrees from almost two dozen universities.

He started his career as an attorney at the NYC office of Davis Polk & Wardwell, one of the largest and most profitable law firms in the world, followed by joining McKinsey & Company where he rose to be a Senior Partner of the firm. Roger currently serves on the boards of Alphabet (aka Google) and Klarna (one of Europe’s most valuable tech companies), is chief investment officer at Red Cell Partners, is a member and distinguished fellow of the Council on Foreign Relations, and a Trustee of the Aspen Institute.

Roger also serves or previously served on the boards of Corning, Inc.; General Mills, Inc.; and International Flavors & Fragrances, Inc., Smithsonian Institution’s Board of Regents, The Conference Board, the Institute for Advanced Study, and Memorial Sloan Kettering Cancer Center.

“Consistently good education and financial literacy were foundational”

“Two steps forward, one step back, then one to the left and right - that’s how progress happens”

“I am an optimist in this new age of technology (AI), dislocation will happen but overall we will become much more productive.”

ROGER RELATED LINKS

Roger’s Wikipedia

Federal Reserve Profile

Council on Foreign Relations Profile

CNBC Contributor Profile

Perspectives on the Economy Oct 2023 (video)

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