Philadelphia — The Federal Reserve Bank of Philadelphia has appointed four new members to its Economic and Community Advisory Council (ECAC), a committee that informs the Bank’s senior leadership team about emerging issues and market conditions in the Third Federal Reserve District and nationwide. The new members are Rochelle Cameron, CEO of Philadelphia International Airport; Ali Houshmand, president of Rowan University, in Glassboro, NJ; Angelique X. Irvin, chairman and CEO of Clear Align, headquartered in Eagleville, PA; and Steve Somers, president and owner of Vigon International, based in East Stroudsburg, PA.
Donald F. Schwarz, senior vice president, program, for the Robert Wood Johnson Foundation, the nation’s largest philanthropy dedicated to health, will serve as chair of ECAC this year.
“Our new council members bring to the table a wide range of industry experience across transportation and infrastructure, education, technology, and manufacturing,” said Deborah L. Hayes, senior vice president of Corporate Affairs at the Federal Reserve Bank of Philadelphia. “We are excited to work with this group of business leaders who are deeply committed to advancing public–private partnerships within their communities.”
Created in 2008, the ECAC is composed of up to 15 leaders representing businesses of varying sizes and in different industry sectors as well as nonprofit organizations, philanthropic organizations, academic institutions, the public sector, and organized labor. The ECAC extends partnerships with organizations from the private and public sectors and fosters greater integration and collaboration to have a broader impact on the Third Federal Reserve District and to encourage economic growth.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.