Musalem Begins Role as St. Louis Fed’s New President and CEO

ST. LOUIS — Alberto G. Musalem began his role as the president and CEO of the Federal Reserve Bank of St. Louis on Tuesday, April 2. In this role, he will represent the Eighth Federal Reserve District in national monetary policymaking on the Federal Open Market Committee (FOMC) and will lead the 1,500 employees of the St. Louis Fed.

“I look forward to working with my colleagues of the Federal Reserve System to promote a strong, resilient and inclusive economy for all. I am also eager to engage with the people and communities across the Eighth District to gain important insights that I can bring to monetary policy discussions,” Musalem said. “Overall, I am thrilled to lead the outstanding employees at the St. Louis Fed as we continue to support the Fed’s mission in service to the Eighth District and the nation as a whole.”

Musalem has more than 27 years of public and private sector experience in economic policy, finance and markets. Most recently, he was CEO, co-chief investment officer and co-founder of Evince Asset Management, a quantitative investment technology company. Musalem’s full bio can be viewed on the St. Louis Fed’s website.

Musalem, 55, is the 13th president of the St. Louis Fed. He succeeds Jim Bullard, who resigned from his role in July 2023 after 15 years as the St. Louis Fed’s president and CEO to become dean of the business school at Purdue University. St. Louis Fed First Vice President and Chief Operating Officer Kathy O’Neill served as interim president and CEO after Bullard stepped down.

Musalem will fulfill the remainder of Bullard’s five-year term that began on March 1, 2021, and ends on Feb. 28, 2026, at which time Musalem will be considered for reappointment under a process established by the Federal Reserve Board of Governors for all Reserve bank presidents.

As president of the St. Louis Fed, Musalem will rotate with other regional Reserve bank presidents as a voting member of the FOMC. The first FOMC meeting he will participate in is set for April 30-May 1, and he will be a voting member in 2025.

Musalem earned his Ph.D. in economics from the University of Pennsylvania and his master’s and bachelor’s degrees in economics from the London School of Economics and Political Science. He was born in Bogota, Colombia, and lived in Brazil and Argentina before emigrating to the U.S. and graduating from Maryland’s public school system.