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Roger Ferguson

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Information about Roger Ferguson

Profile image of Roger Ferguson

Profession

Category:
BusinessMakers
LawMakers
Occupation(s):
Economist
Lawyer

Favorites

Favorite Color:
Blue
Favorite Food:
French Fries
Favorite Time of Year:
Spring
Favorite Vacation Spot:
Vermont
Favorite Quote:
None

Birthplace

Born:
10/28/1951
Birth Location:
Washington, District of Columbia

Profession

Category:
BusinessMakers
LawMakers
Occupation(s):
Economist
Lawyer

Favorites

Favorite Color:
Blue
Favorite Food:
French Fries
Favorite Time of Year:
Spring
Favorite Vacation Spot:
Vermont
Favorite Quote:
None

Birthplace

Born:
10/28/1951
Birth Location:
Washington
See how Roger Ferguson is related to other HistoryMakers

Biography

Economist and lawyer, Roger W. Ferguson, Jr. was born on October 28, 1951 in Washington, D.C. ‘s northeast section. His father was a U.S. Army mapmaker and his mother was a public school teacher. Ferguson became interested in economics and finance at an early age. His father was an avid investor and traveled to the Federal Reserve Bank in Richmond, Virginia to purchase treasury securities. Ferguson attended public schools in D.C. and high school at Sidwell Friends School, a co-educational Quaker day school. He obtained his B.A. degree in economics from Harvard University, graduating magna cum laude. He then spent a year in England as a Frank Knox Fellow at Pembroke College, Cambridge. Ferguson obtained his J.D. degree cum laude from Harvard Law School in 1979 and in 1981 his Ph.D. degree in economics from Harvard University.

Ferguson worked as an attorney for the law firm of Davis Polk & Wardell, LLP in New York before becoming an associate and ultimately a partner at McKinsey & Company Inc., where he served as director of research and information systems and managed a variety of studies for financial institutions. In 1997, Ferguson joined the Federal Reserve Board of Governors, becoming the third African American in history to serve on the Federal Reserve Board. In 1999, Ferguson was appointed to serve as vice chairman of the Federal Reserve Board of Governors, the first African American to serve in that role. His duties as vice chairman included heading a committee that proposed methods to improve Federal Reserve communication. Ferguson also served as chairman of the Group of Ten Working Party of Financial Sector Consolidation, chairman of the Committee on the Global Financial System (CGFS), and the chairman of the Financial Stability Forum (FSF) during his tenure as vice chairman.

In 2006, Ferguson resigned as vice chairman of the Federal Reserve Board of Governors and in 2008 joined the Teachers Insurance and Annuity Association – College Retirement Equities Fund (TIAA-CREF) as CEO and President. He has served as economic advisor to President Obama, initially as a member of the President-elect’s Transition Economic Advisory Board and subsequently as a member of the President’s Economic Recovery Advisory Board. Ferguson has received the Distinguished Service Award from the Bond Market Association, an honorary Fellowship at Pembroke College, the William F. Butler Memorial Award from the New York Association for Business Economics, the Renaissance Award from the Abyssinian Development Corporation, and the Frederick Heldering Global Leadership Award from the Global Interdependence Center. He also holds honorary doctorates from Lincoln College, Webster University, Michigan State University, Washington and Jefferson College, and Worcester Polytechnic Institute. In 2009, Ferguson received The “Visionary Award” from the Council for Economic Education and the “Good Scout Award” from the Greater New York Boy Scout Council. Ferguson is married to former United States Securities and Exchange Commission Commissioner Annette Nazareth. They have two children.

Roger W. Ferguson, Jr. was interviewed by the The HistoryMakers<\em> on May 14, 2012.

See how Roger Ferguson is related to other HistoryMakers
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  • Tape: 1 Story: 1 - Slating of Roger Ferguson's interview
  • Tape: 1 Story: 2 - Roger Ferguson lists his favorites
  • Tape: 1 Story: 3 - Roger Ferguson describes his mother's family background
  • Tape: 1 Story: 4 - Roger Ferguson describes his father's family background
  • Tape: 1 Story: 5 - Roger Ferguson talks about his paternal step grandfather
  • Tape: 1 Story: 6 - Roger Ferguson describes his father's athletic talents
  • Tape: 1 Story: 7 - Roger Ferguson describes his father's career
  • Tape: 1 Story: 8 - Roger Ferguson describes his father's interest in finance
  • Tape: 1 Story: 9 - Roger Ferguson describes his siblings and how his parents met
  • Tape: 1 Story: 10 - Roger Ferguson describes the sights, sounds and smells of his childhood
  • Tape: 1 Story: 11 - Roger Ferguson describes his neighborhood in Washington, D.C.
  • Tape: 1 Story: 12 - Roger Ferguson remembers Charles Young Elementary School in Washington, D.C.
  • Tape: 2 Story: 1 - Roger Ferguson recalls River Terrace Elementary School in Washington, D.C.
  • Tape: 2 Story: 2 - Roger Ferguson recalls his childhood pastimes
  • Tape: 2 Story: 3 - Roger Ferguson describes segregation in Washington, D.C.
  • Tape: 2 Story: 4 - Roger Ferguson remembers Jefferson Junior High School in Washington, D.C.
  • Tape: 2 Story: 5 - Roger Ferguson recalls his early interest in the Federal Reserve System
  • Tape: 2 Story: 6 - Roger Ferguson recalls enrolling at the Sidwell Friends School in Washington, D.C.
  • Tape: 2 Story: 7 - Roger Ferguson describes his social life at the Sidwell Friends School in Washington, D.C.
  • Tape: 2 Story: 8 - Roger Ferguson recalls his decision to attend Harvard University
  • Tape: 3 Story: 1 - Roger Ferguson recalls the racial tension at the Sidwell Friends School in Washington, D.C.
  • Tape: 3 Story: 2 - Roger Ferguson describes his work study job at Harvard University
  • Tape: 3 Story: 3 - Roger Ferguson recalls his activism at Harvard University
  • Tape: 3 Story: 4 - Roger Ferguson recalls his economics research in Chile
  • Tape: 3 Story: 5 - Roger Ferguson remembers his graduation from Harvard University
  • Tape: 3 Story: 6 - Roger Ferguson recalls his fellowship in Cambridge, England
  • Tape: 3 Story: 7 - Roger Ferguson recalls his decision to pursue law and economics
  • Tape: 3 Story: 8 - Roger Ferguson recalls his dual graduate degree program at Harvard University
  • Tape: 4 Story: 1 - Roger Ferguson describes his parents' influence on his self esteem
  • Tape: 4 Story: 2 - Roger Ferguson talks about his decision to pursue dual graduate degrees
  • Tape: 4 Story: 3 - Roger Ferguson remembers working at the law firm of Davis Polk and Wardwell
  • Tape: 4 Story: 4 - Roger Ferguson recalls meeting his wife
  • Tape: 4 Story: 5 - Roger Ferguson recalls working at McKinsey and Company
  • Tape: 4 Story: 6 - Roger Ferguson talks about balancing his career and family
  • Tape: 4 Story: 7 - Roger Ferguson recalls how he came to work for the Federal Reserve System
  • Tape: 4 Story: 8 - Roger Ferguson remembers joining the Board of Governors of the Federal Reserve System
  • Tape: 5 Story: 1 - Roger Ferguson recalls becoming vice chairman of the Federal Reserve System
  • Tape: 5 Story: 2 - Roger Ferguson remembers serving as vice chairman of the Federal Reserve System
  • Tape: 5 Story: 3 - Roger Ferguson remembers the terrorist attacks of September 11, 2001
  • Tape: 5 Story: 4 - Roger Ferguson recalls his decision to leave the Federal Reserve System
  • Tape: 5 Story: 5 - Roger Ferguson recalls serving as the president and CEO of TIAA-CREFF
  • Tape: 5 Story: 6 - Roger Ferguson describes his hopes and concerns for his children
  • Tape: 5 Story: 7 - Roger Ferguson describes his concerns for the African American community
  • Tape: 5 Story: 8 - Roger Ferguson reflects upon his legacy at TIAA-CREF
  • Tape: 5 Story: 9 - Roger Ferguson describes his plans for the future