Frederic Mishkin

Frederic Mishkin took a public leave of absence from his teaching position at Columbia Business School to serve as a member of the Board of Governors of the Federal Reserve System. He held this influential role from 2006 to 2008, actively participating in monetary policy during the onset of the 2008 financial crisis.

He is a prominent American economist widely recognized for his academic work on banking, financial institutions, and monetary policy. He is also the co-author of a highly influential textbook, "The Economics of Money, Banking, and Financial Markets."

He serves as a professor of banking and financial institutions at Columbia Business School in New York. He returned to this prominent academic post after concluding his service at the Federal Reserve.

Yes, in 2010 he was part of a broader debate regarding his time as a paid consultant for the Icelandic Chamber of Commerce before the country's devastating financial collapse. He co-authored a 2006 report that praised Iceland's financial system, which was later heavily scrutinized by critics.