Time’s Up for The Teflon Economy –
Global Economic Outlook

William C. Dudley became the tenth president and chief executive officer of the Federal Reserve Bank of New York on January 27, 2009. He also served as the vice chairman and was a permanent member of the Federal Open Market Committee (FOMC).

Dudley was born in Springfield, Massachusetts. Although he spent his freshman year of college at Columbia University in New York City he received his bachelor’s degree from New College of Florida in 1974. He received his doctorate in economics from the University of California, Berkeley in 1982.

Prior to joining the New York Fed, Dudley was a partner and managing director at Goldman, Sachs & Company and was the firm’s chief US economist for a decade. Before he joined Goldman Sachs in 1986, he was a vice president at the former Morgan Guaranty Trust Company. Prior to that, he was an economist at the Board of Governors of the Federal Reserve System in Washington, DC, from 1981 to 1983, so he was not a stranger to the Federal Reserve System when he joined the New York Fed in 2007.

Dudley served as executive vice president of the Markets Group, where he also managed the System Open Market Account for the FOMC. As a leader of both the Markets Group and of the Reserve Bank at large, he has seen the New York Fed weather through the most devastating economic storm since the Great Depression. On identifying himself as a “New York Fed person,” Mr. Dudley said that “people are here [at the New York Fed] because they want to work on policy and want to make a difference…contributing something very positive to society.”¹

In 2012, Dudley was appointed chairman of the Committee on the Global Financial System at the Bank for International Settlements (BIS). Previously, he served as chairman of the Committee on Payment and Settlement Systems at the BIS from 2009 to 2012.

Selva Bahar Baziki is the Turkey and Sweden Economist for Bloomberg Economics. Previously, Selva was the Director of Macro Financial Analysis at the Central Bank of the Republic of Turkey and worked in the Research Department of the Federal Reserve Bank of Boston. Selva holds a Ph.D. in Economics from Uppsala University, Sweden.

Clive Crook is a Bloomberg Opinion columnist and writes editorials on economics, finance and politics. He was chief Washington commentator for the Financial Times, a correspondent and editor for the Economist and a senior editor at the Atlantic.

Ziad Daoud is the Chief Emerging Markets Economist at Bloomberg and a Senior Fellow at Harvard Kennedy School’s Belfer Center for Science and International Affairs. Prior to that, he was the Chief Middle East Economist at Bloomberg, Head of Economics at QNB Group, and an economist at Fulcrum Asset Management. He holds a PhD in economics from the London School of Economics and a BSc in economics and statistics from University College London.

Abhishek Gupta is a Senior Economist covering India and S. Asian frontier economies for Bloomberg Economics in Mumbai. He has close to 15 years of experience as an academic and a market economist. He has previously worked at the Bank of America Merrill Lynch and at the National Institute of Public Finance and Policy. He has a PhD in Economics from Johns Hopkins University and an M.A. in economics from the Delhi School of Economics.

Dan Hanson is the Chief UK Economist for Bloomberg Economics, based in London, where he leads the team responsible for analysing the UK economy. An experienced macroeconomist, Dan’s research focuses on the interaction between financial markets and the real economy. He makes regular appearances in print, on radio and on television.

Prior to joining Bloomberg in 2015, he was an economic adviser at the UK Treasury where he was responsible for the macroeconomic model and provided senior officials and ministers with analysis of short and medium term prospects for the UK economy. Prior to that he spent several years working on fiscal policy issues and was part of the team that set up the Office for Budget Responsibility in 2010. He holds a BSc in Economics from the University of Nottingham and an MSc in Economic Policy from University College London.

Flavia Krause-Jackson is executive editor in Bloomberg’s London bureau.

She oversees economics and government coverage in Europe, the Middle East, Africa and Latin Amercia.

Krause-Jackson was previously managing editor for U.S. government coverage in the Washington bureau. Before that, she was managing editor for political coverage of Western and Eastern Europe, based in London. She previously was the UK government team leader.

She has been at Bloomberg since 2002 and previously covered the intersection of emerging markets, international policy and economics. She also was a diplomatic correspondent in Washington and a correspondent in Rome.

Krause-Jackson was a Nieman Fellow at Harvard University in 2013-14.

Tom Orlik is Bloomberg’s Chief Economist, based in Washington DC. Previously, Tom was the Chief Asia economist for Bloomberg and China economics correspondent for The Wall Street Journal, based in Beijing. Prior to a decade in China, he worked at the British Treasury, European Commission, and International Monetary Fund. He is the author of Understanding China’s Economic Indicators and China: The Bubble that Never Pops.

David Powell is a senior euro-area economist for Bloomberg Economics in London. He previously worked at Bank of America – Merrill Lynch. David is the author of “The Trader’s Guide to the Euro Area: Economic Indicators, the ECB and the Euro Crisis.” He holds a master’s degree from the London School of Economics and is a CFA charterholder.

Chang Shu is Bloomberg’s Chief Asia Economist, based in Hong Kong. She leads a team to research into China, Japan, Australia and other major economies in the Asia-Pacific. She previously worked as a senior economist at the Bank for International Settlements and Hong Kong Monetary Authority. In those capacities, she researched widely into the global and Chinese economies. She was also closely involved into policy work including renminbi internationalisation. Prior to these, she also worked at the Bank of England. She is also a director at the Chinese Financial Association of Hong Kong.

Allegra Stratton is a Bloomberg News contributing editor who writes the Readout newsletter. She previously worked in the UK government and is co-founder of Zeroism, a climate and energy consultancy.

Björn van Roye (PhD) is the Head of Global Economic Modelling for Bloomberg Economics in Madrid. He previously worked as a Team Lead Economist at the European Central Bank and a Research economist at the Kiel Institute for the World Economy. He is also visiting Professor of Advanced Macroeconomics at the University of Oxford.

Before joining Bloomberg as chief US economist, Anna Wong worked as principal economist at federal reserve board of governors, chief international economist at White House council of economist, and deputy director of office of international economic analysis at US Treasury.