Ex-Federal Reserve economist named as Israeli central banker

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FILE PHOTO: An Israeli flag flies outside the Bank of Israel building in Jerusalem on August 7, 2013. Businesshala / Ronen Zvulun
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JERUSALEM (Businesshala) – Israel’s cabinet on Tuesday approved the appointment of Naomi Feldman to the Bank of Israel’s monetary policy committee, the central bank said.

Feldman, an associate economics professor at Hebrew University, was a senior economist on the US Federal Reserve Board of Governors from 2011–2018 and served on the President’s Economic Advisory Council in the United States.

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She will replace Ruben Gronau, who is stepping down from the panel after serving for 10 years. His appointment will be effective October 9, meaning Feldman’s first monetary policy meeting will take place on November 22.

“Prof. Feldman has rich and relevant professional experience, and I am sure she will make a significant contribution to the work of the Committee,” Bank of Israel Governor Amir Yaron said in a statement.

MPC will decide on interest rates next Thursday.

The cabinet also voted for Moshe Hazan and Xvi Harkowitz for an additional four-year term on the committee.

Since 2010, the MPC has had six members – the governor, the deputy governor, another Bank of Israel employee and three external appointees chosen by the government.

The Bank of Israel said Feldman has advanced economics degrees from the University of Illinois and the University of Michigan, and has research interests in public finance, taxes and behavioral economics.

In 2004, he served as a consultant in the Monetary Valuation and Strategy Division at the Bank of England.

Reporting by Steven Scheer; Editing by Katherine Evans

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