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- Born November 7, 1942 in Philadelphia, Pennsylvania
- Ph.D. in Economics from University of Michigan
- Spouse: Gail Kohn
- First joined Federal Reserve as Deputy Staff Director for Monetary and Financial Policy in 1983Federal Reserve: Donald L. Kohn biography
- Nominated by George W. Bush to serve as Vice-Chairman of Federal Reserve in 2006Federal Reserve: Donald L. Kohn biography
- Chairman, Committee on the Global Financial SystemFederal Reserve: Donald L. Kohn biography
- Has blamed the 2008 Financial Crisis on "complacency" and the "calm conditions" of the 1990s and early 2000sEconomist.com: Donald Kohn's essential speech (November 21, 2008)
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Donald Kohn is the Vice-Chairman of the Board of Governors for the U.S. Federal Reserve. He joined the Board in 2002 and is scheduled to end his term in 2016. In January of 2009, Kohn testified that the second half of the $700 billion U.S. Government bailout, funds stored in the Troubled Assets Relief Program, or TARP, should be used to purchase troubled assets from banks, a plan which he and Reserve Chairman Ben Bernanke believe would aid in reducing home foreclosures and help to stabilize the credit and financial systems.WSJ.com: Fed's Kohn Says Rest of TARP Should Aid Banks (January 13, 2009)
Grayson vs. Kohn
During his testimony before the House Financial Services Committee on January 13, 2009, Kohn was questioned by Representative Alan Grayson of Florida about the relative secrecy with which $1.2 trillion in bailout funds have been dispensed.Huffington Post: Fed Official Confronted Over Bailout Spending Secrecy (January 14, 2009) Kohn insisted that it would be problematic to name individual institutions that were receiving bailout funds, claiming that it would undermine the overarching purpose of the project and prompt banks to stop borrowing funds altogether. Grayson argued that Americans have a right to know how their money - totaling about $4,000 for every American man, woman and child - is being spent.YouTube: $1.2 Trillion Slush Fund... (Time: 6:18) Grayson is a Freshman Congressman from Florida's 8th District, which includes parts of Orlando.
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Donald Kohn on Amazon
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Donald Kohn Questions
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Do you prefer McDonald French fries or Wendy French fries? 8 AnswersMcDonald's has the french fry market cornered as far as I'm concerned. Compared to McDonald's fries, Wendy's fries are cut too large and just don't taste as goo... read more -
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Donald Kohn Background
- Federal Reserve: Speech: The U.S. Economy and Monetary Policy (February 26, 2008)
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On Twitter Powered by Twitter
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Fed's Donald Kohn: Interest rates will likely stay near zero - May... http://tinyurl.com/yh7qzrc
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@texasbeaut $1.2 Trillion Slush Fund: Congressman Alan Grayson Grills Fed Vice Chair Donald Kohn http://bit.ly/JAFCc
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