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The National Association for Business Economics (NABE) honored Bill Poole, president of the Federal Reserve Bank of St. Louis, in September with its prestigious Adam Smith Award.
"Bill Poole has made valuable contributions both within the Federal Reserve and on the outside as a strong advocate of clear communication and transparency," NABE President Stuart Hoffman said in a related press release. "As an astute observer of monetary policy and its impact on the economy over a long period of time, he has put his experience and his expertise to work at the Fed to help lead the economy on a low-inflation, stable growth path."
The NABE president selects the recipient for the Adam Smith Award, the organization's highest honor, based upon leadership in the profession and the use of ideas and knowledge in the workplace and policy arena. In receiving this award, Poole follows his close colleagues and mentors Milton Friedman, Karl Brunner and Allan Meltzer.