Why does the Federal Reserve need a economic historian?

Mostly Economics

Jonathan Rose has recently been appointed as a economic historian at the Federal Reserve.

St Louis Fed’s openvaultblog profiles Rose and his work at Fed:

What does the Fed historian do?

The position, as I understand it, was originally created for the 2013 centennial of the Fed. There has been one historian before, Gary Richardson, who is perhaps the country’s leading historian of the Fed System and a professor at the University of California, Irvine. Among other lasting legacies, Richardson set up the Federal Reserve History website.

There are several components of the current historian role:

    • One is to continue to build out the Federal Reserve History website.
    • Another is to work with the FRASER team here in St. Louis and help them engage with users and add content.
    • And the Fed historian is a member of the committee that oversees preservation decisions, including about what goes into FedPreserve…

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