People on the Move: Michael Dotsey, Federal Reserve Bank of Philadelphia
The Federal Reserve Bank of Philadelphia has promoted Michael Dotsey to senior vice president and director of research, reporting directly to Charles Plosser, president and CEO. Dotsey replaces Loretta Mester, who recently became president and CEO of the Federal Reserve Bank of Cleveland. Dotsey will lead the Economic Research Department and oversee the Payment Cards Center and Financial Statistics Department. Previously, he was a vice president and senior economic policy adviser at the bank. Dotsey joined the Economic Research Department in 2002. He previously worked for the Federal Reserve Bank of New York from 1980 to 1983 and for the Federal Reserve Bank of Richmond from 1983 to 2002.