For immediate release: August 10, 2023

David Altig has been named chief economic adviser of the Federal Reserve Bank of Atlanta and Paula Tkac has been promoted to executive vice president and director of research. The appointments took effect June 15, 2023, with full responsibilities to shift by the end of the year.

Altig has been the Atlanta Fed's director of research since 2007 and executive vice president since 2012. He earned a bachelor's degree in business administration from the University of Iowa and his master's degree and doctorate in economics from Brown University.

In his new role, Altig will continue his focus on Federal Open Market Committee (FOMC) issues and serve as a primary adviser to Atlanta Fed president and CEO Raphael Bostic on monetary policy matters. He will continue to lead the Atlanta Fed's benefits cliff work and advance research and engagement related to the Sixth District's economic mobility and resilience strategic priority. He will serve as an adviser to the Atlanta Fed's Executive Leadership Committee (ELC).

Tkac has served as senior vice president and associate director of research since 2017. She joined the Atlanta Fed in 2000 after seven years as a faculty member at the University of Notre Dame. She was promoted to assistant vice president and senior economist in 2010, then to vice president and senior economist the following year. She earned her bachelor's, master's, and doctoral degrees in economics from the University of Chicago.

Effective immediately, Tkac oversees the Research Division's economists and the Atlanta Fed's Regional Economic Information Network. She will continue serving as a primary adviser to Bostic on monetary policy issues and is now a member of the Bank's Discount Committee. She will become a member of the ELC, transitioning from an adviser to the committee. Responsibilities for the division's Community and Economic Development function will transition to her later this year.

The Federal Reserve Bank of Atlanta serves the Sixth Federal Reserve District, which encompasses Alabama, Florida, Georgia, and sections of Louisiana, Mississippi, and Tennessee. As part of the nation's central banking system, the Atlanta Fed participates in setting national monetary policy, supervises numerous commercial banks, and provides a variety of financial services to depository institutions and the US government.