Nancy Teeters 

Graduation Year: 1948
Induction Year: 2008
1st woman on Federal Reserve Board
Presidential cabinet member
IBM Vice President
Chief Economist for the congressional budget

Fiscal economist Nancy Hays Teeters received her B.A. in economics from Oberlin College in 1952 and her M.A. in economics from the University of Michigan in 1954. From 1957 to 1966 she served as a staff economist for the Federal Reserve Board’s Government Finance Section.
Mrs. Teeters was on the President’s Council of Economic Advisors in 1962 and was the in-house expert on the Kennedy-Johnson tax cut proposal. In 1970 she joined the Brookings Institution as a research associate. She co-authored with Charles L. Schultze, Edward R. Fried, and Alice M. Rivlin the Brookings studies, Setting National Priorities, a highly regarded analyses of the Federal budget. In 1974, Mrs. Teeters joined the staff of the U.S. House of Representatives Committee on the Budget as its chief economist. President Jimmy Carter nominated Nancy Hays Teeters in August 1978 to the Board of Governors of the Federal Reserve System; she became the first woman to sit on the Board in the history of the Federal Reserve.
In July 1984, Mrs. Teeters joined IBM as Director of Economics; in March 1986, she became the second woman to be named a Vice President at IBM. Mrs. Teeters retired from IBM in 1990.

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