Randall S. Kroszner

Deputy Dean and Professor, Former Governor of the US Federal Reserve System at University of Chicago Booth School of Business

Randall S. Kroszner is the Norman R. Bobins Professor of Economics, and Deputy Dean for Executive Programs at Chicago Booth. In his capacity as Deputy Dean, he has responsibility for the Executive MBA program in London, Hong Kong, and Chicago, non-degree executive education, and the Rustandy Center for Social Sector Innovation. He is currently based out of Chicago Booth’s London campus.

Professor Kroszner served as a Governor of the Federal Reserve System from 2006 until 2009. He chaired the committee on Supervision and Regulation of Banking Institutions and the committee on Consumer and Community Affairs. He represented the Fed at the Basel Committee on Banking Supervision and the Financial Stability Board and chaired the OECD working party on international macroeconomic policy. He took a leading role in developing responses to the financial crisis and new initiatives to improve consumer protection and disclosure, including rules related to home mortgages and credit cards.

From 2001 to 2003, he served in the White House as a Member of the U.S. President’s Council of Economic Advisers.

Currently, he chairs the Federal Research Advisory Committee to the US Treasury’s Office of Financial Research and is a member of the Federal Reserve Bank of Chicago’s Academic Advisory Council.  He is on the board of advisors for the Paulson Institute, a “think and do tank” dedicated to fostering US-China relations.  He is a judge for the Financial Times & McKinsey Business Book of the Year Award.

Professor Kroszner has more than 100 publications, including his book with Nobel laureate Robert J. Shiller, Reforming U.S. Financial Markets:  Before and Beyond Dodd-Frank, which appeared on the Washington Post’s “Book World” political bestsellers list.  His paper on corporate ownership won the Brattle Prize for best corporate finance paper in the Journal of Finance. 

He received his undergraduate degree from Brown University and his PhD from Harvard University.