Committee Members and Biographies

Chairman Randall S. Kroszner is the Norman R. Bobins Professor of Economics at the University of Chicago Booth School of Business. From 2006 to 2009, he was a Federal Reserve Board of Governors member. He chaired the Federal Reserve Board’s committees on Supervision and Regulation and Consumer and Community Affairs. In these capacities, he led the development of responses to the 2008-09 financial crisis and undertook new initiatives to improve consumer protection and disclosure for credit cards and mortgages. He represented the Federal Reserve Board on the Financial Stability Board and the Basel Committee on Banking Supervision, and he chaired the Organization for Economic Cooperation and Development’s working party of deputy central bank governors and deputy finance ministers on international macroeconomic policy. From 2001 to 2003, he served as a Council of Economic Advisers member in the White House. He is a member of the Federal Reserve Bank of Chicago’s Academic Advisory Council.

Vice Chair Tamala Longaberger is the former Chief Executive of the Longaberger Company, a privately held family firm specializing in handmade baskets and other home goods. The family sold the company in 2013. Today, she continues to serve as president and a member of the board of the Longaberger Family Foundation. She serves as a board member of the International Republican Institute (IRI), a Washington, DC-based organization dedicated to advancing freedom and democracy worldwide, and she also serves as an international election observer. In 2003, she served as a U.S. delegate to the United Nations Commission on Human Rights. She was appointed by President George W. Bush as the chair of the National Women’s Business Council and served on the Woodrow Wilson International Center for Scholars board. Ms. Longaberger earned a bachelor’s degree in business administration from Ohio State University and is the former chair of the Ohio State University Board of Trustees.

Esther L. George was president and chief executive officer of the Federal Reserve Bank of Kansas City and a Federal Open Market Committee member from 2011 to 2023. Her Federal Reserve System service spans over 40 years, including considerable experience as a bank supervisor. In 2009, she served as the Federal Reserve’s acting director of Banking Supervision and Regulation in Washington, D.C. George was actively involved in the Federal Reserve’s work to ensure the smooth and efficient functioning of the nation’s payment system, including leading the effort to establish instant retail payments known as the FedNow Service. She hosted the Kansas City Fed’s annual Jackson Hole International Economic Policy Symposium. George currently serves on the boards of the Hallmark Corporation, the Ewing Marion Kauffman Foundation, the Peterson Institute for International Economics, the National Bureau of Economic Research, the Committee for a Responsible Federal Budget, and the Kansas City 2026 World Cup.

Teresa (Dessa) Glasser is a principal responsible for the Data Strategy & Analytics at the Financial Risk Group (FRG), advising clients in risk, data, and analytics. She is an Independent Board Member of Oppenheimer & Co. Inc. and Chair of the Global Legal Entity Identifier Foundation (GLEIF). Before joining FRG, Ms. Glasser was a Managing Director at JPMorgan Chase, responsible for the firm’s Capital Stress Testing Analytics group. She also built the Chief Data Office for Asset and Wealth Management as the first CDO. She was Deputy Director of the U.S. Treasury’s Office of Financial Research, supporting the Financial Stability Oversight Council, implementing data solutions, and assisting with launching the Legal Entity Identifier (LEI), a global standard. Ms. Glasser established the Chief Risk Office for Bunge as its first CRO. She held senior positions at Credit Suisse, Merrill Lynch, IBM, and KPMG and began her career teaching Finance at Rutgers University.

Lawrence Goodman is the Founder and President of the Center for Financial Stability (CFS), a nonpartisan think tank with business lines spanning the future of finance, data and analytics, policy, and technology. CFS has members and friends in over 187 countries. Mr. Goodman is an economist with expertise in global macro investment strategies, financial crises, and sovereign debt restructuring. He has advised investors and governments and led research teams on Wall Street and the U.S. Department of the Treasury. At Treasury, he co-founded and chaired an interagency working group of 13 agencies advising principals on future financial vulnerabilities. He serves as chairman of the board of The First Alliance Foundation and a member of the Penn Institute for Economic Research (PIER) advisory board. From 2019 to 2022, he served as an Advisory Committee member at the Export-Import Bank of the United States. Previously, he served on the executive committee for the Global Equity Group at Santander Investment and on the board of the Emerging Markets Traders Association.

Greg Hopper is a Senior Fellow at the Bank Policy Institute. In 2022, he retired from Goldman Sachs, where he previously was head of the Office of New and Emerging Risks (which was focused on climate risk management) and global head of Enterprise Risk Management. In those roles, he oversaw the Sovereign and Economic Risk Group, Firmwide Risk Identification, Firmwide Limits and Risk Appetite, ESG Quantitative Analysis, Firmwide Stress Testing, and the Risk Economics Group. He also led the Risk Division’s Comprehensive Capital Analysis and Review process. He was co-chair of the Firmwide Stress Test Committee and a member of the Firmwide Model Risk Control Committee and the Risk Governance Committee. During his career at Goldman Sachs, he led several quantitative modeling groups, counterparty credit risk management groups, and hedge fund risk management groups. Mr. Hopper joined Goldman Sachs in 2004 as a vice president and was named managing director in 2006. Before joining Goldman Sachs, he was an executive director at Morgan Stanley and head of the Credit Analytics Group.

Steve Joachim is the CEO of SHGB Associates LLC, which offers management consulting and data product services to young companies. He is also the former chairperson of the Board of Directors for the Global Legal Entity Identifier Foundation (GLEIF). He serves as the CFO of Smart World Productions LLC, the producer of North America’s largest conference on smart cities. Before that, he was executive vice president of Transparency Services at the Financial Industry Regulatory Authority (FINRA). Before joining FINRA, from 1997 to 2001, he was the senior vice president, chief strategy officer, and general manager for Plural, a custom interactive software development and strategy firm. In 1983, he began a nearly 15-year stint with Merrill Lynch. Mr. Joachim has been the chairman of the International Forum for Investor Education. He has served as a member of the Philadelphia Stock Exchange Board of Governors, the board of directors for Merrill Lynch Specialists Inc., and the board of directors for Wilco Inc. He has also been a member of the Nasdaq Industry Advisory Committee and the American Stock Exchange Upstairs Member Advisory Committee.

Simon Potter is vice chair at FIC Millennium. Before his role with Millennium, he was a nonresident senior fellow at the Peterson Institute for International Economics, where his research focused on central bank operations, monetary policy, digital currencies, reference rates, the role of the dollar, and economic forecasting. Before he joined the Peterson Institute, he was head of the markets group and system open market account manager at the Federal Reserve Bank of New York. Potter started his career at the New York Fed in June 1998. He served as director of economic research and cohead of the research and statistics group at the New York Fed before becoming head of the markets group in June 2012, where he was responsible for monetary policy advice. He played a prominent role in the Federal Reserve’s financial stability efforts, including by contributing to the design of the 2009 U.S. bank stress tests as a member of the international macroeconomic assessment group that supported the Basel Committee’s work to strengthen bank capital standards and, most recently, as chair of the Global Foreign Exchange Committee. In addition, he worked for the Financial Stability Oversight Council in 2011 to produce its first annual report. Before working at the New York Fed, Potter was an assistant professor at the University of California, Los Angeles. He has also taught at Johns Hopkins, New York, and Princeton Universities.

John Ryding is Chief Economist of RDQ Economics LLC, an independent economic research and consulting firm. Mr. Ryding is also the Chief Economic Advisor to Brean Capital LLC, a New York-based full-service broker-dealer. Before he founded RDQ Economics, he was the chief U.S. economist at Bear Stearns and Co. He started his career in 1980 at the economics department of the Bank of England, where he held various positions, including the head of the Economic Forecasting Group. He was also a senior Federal Reserve Bank of New York economist from 1989 to 1991. He has been selected to represent the views of financial research economists on macroeconomic issues. He has expertise in U.S. economic and monetary policy and economic forecasting. Mr. Ryding is a graduate of Cambridge University in England.

Amit Seru is a senior fellow at the Hoover Institution, the Steven and Roberta Denning Professor of Finance at Stanford’s Graduate School of Business, a senior fellow at the Stanford Institute for Economic Policy Research, and a research associate at the National Bureau of Economic Research. He was formerly a tenured faculty member at the University of Chicago’s Booth School of Business. Seru’s primary research interest relates to financial intermediation and regulation. He has served on several editorial boards and was most recently a co-editor of the Journal of Finance. He has received various National Science Foundation grants and the Alexandre Lamfalussy Research Fellowship from the Bank for International Settlements. He was named one of the Top 25 Economists under 45 by the International Monetary Fund in 2014. He has presented his research to U.S. and international regulatory agencies, including the Bank for International Settlement (BIS), Consumer Finance Protection Bureau (CFPB), European Central Bank (ECB), Federal Reserve, Federal Deposit Insurance Corporation (FDIC), Financial Industry Regulatory Authority (FINRA), the International Monetary Fund (IMF) and the Monetary Authority of Singapore (MAS). His research has been featured in leading economic journals and major media outlets. Seru earned his PhD in finance from the University of Michigan.

Jill Sommers is currently the Chair of the Derivatives Practice Group for Patomak Global Partners. Ms. Sommers served two consecutive terms as a CFTC Commissioner from 2007 to 2013 and as Chairman and Designated Federal Official of the Commission’s Global Markets Advisory Committee, which discussed the regulatory challenges of a global marketplace. She was also the Commission Representative to the Technical Committee meetings of the International Organization of Securities Commissions. She has served on the SEC- and CFTC-regulated exchanges boards and as an independent director for the National Futures Association. She has held various roles within the industry, including policy director and head of government affairs for the International Swaps and Derivatives Association and managing director of regulatory affairs for the Chicago Mercantile Exchange.

Marc Sumerlin is Managing Partner at Evenflow Macro, a global macroeconomic consulting firm he founded in 2013. From 2003 to 2012, he served as managing director and co-founder of the Lindsey Group. During that time, he traveled extensively to Japan, China, and Europe and testified before the Congressional Oversight Panel on the origins of the financial crisis. From 2001 to 2002, he served as deputy assistant to the President for economic policy and deputy director of the National Economic Council. In that capacity, he helped President George W. Bush develop and implement his economic agenda. He also worked as an economic policy advisor for the George W. Bush for President campaign after starting his career at the U.S. Senate Budget Committee. Mr. Sumerlin holds a master’s degree in applied economics from Johns Hopkins University and a master’s degree in public policy from Duke University, where he was a Senator Jacob Javits Fellow. He serves on the Board of Governors at the Johns Hopkins Wilmer Eye Institute. He has been selected to represent financial regulatory advisors because of his extensive experience managing financial, economic, and political risks and his expertise on the origins of the 2007-09 financial crisis. He graduated magna cum laude from Georgetown University.

Jason Trennert is the Chairman and CEO of Strategas and its related companies. In addition, as chief investment strategist, he is known as one of Wall Street’s top thought leaders on markets and economic policy. His research pieces are read by leading institutional investors and corporate executives around the globe. In 2006, he cofounded Strategas, which began with just five employees. Today, the firm employs over 50 research analysts, institutional salespeople, and sales traders at its New York and Washington, DC offices. It has clients in 45 states and 25 foreign countries. Before founding Strategas, he was the chief investment strategist and a senior managing director at the International Strategy & Investment (ISI) Group, where he built and oversaw two of that firm’s most popular research efforts: its Company Surveys and Investment Strategy groups. He frequently contributes to The Wall Street Journal editorial pages and has authored three books on investing and the investment business. He is committed to several Italian, Italian-American, and Catholic causes in New York and abroad. The Republic of Italy awarded him the honorific of Cavaliere for his efforts on June 2, 2017. Mr. Trennert is a member of the investment committee of the National World War II Museum and the advisory board of Hollow Brook Wealth Management. He has an MBA from The Wharton School at the University of Pennsylvania and a bachelor’s degree in international economics from Georgetown University.

Jonathan Welburn is a Senior Researcher at RAND and a faculty member at the RAND Graduate School. At RAND, Dr. Welburn leads research on systemic risks, market failures, and cyber threats from emerging technologies. Recently, he has led teams to model, identify, and prioritize systemically important entities for the Cybersecurity and Infrastructure Security Agency (CISA); to assess the feasibility of a state-wide public banking option for the California State Treasurer’s Office and to develop methods for using large scale datasets to estimate systemic risk in global interfirm networks. In addition to his work at RAND, Welburn is a member of the US Aspen Cybersecurity Group, the Society for Risk Analysis Council, and the Decision Analysis Society Council and has collaborated with the World Economic Forum.