Briefly Mentioned

Louis Trigg

Truman Center awards former presidential adviser

Dr. Allan H. Meltzer was recently selected as the recipient of the 2011 Truman Medal for Economic Policy.

Meltzer reached critical acclaim in 2002, after his examination about the origins of the Federal Reserve, “A History of the Federal Reserve, Vol. I.” He followed that effort eight years later with a chronicle about the evolution of the Fed from Harry Truman’s Presidency through Ronald Reagan’s second term in office, titled “A History of the Federal Reserve, Volume II.”

Established in 2005, the Harry S. Truman Library created the award “to provide a forum to recognize exceptional economic policy contributions.” The Truman Medal organizing committee consists of: the Harry S. Truman Library Institute, the Henry W. Bloch School of Business and Public Administration, the Economic Club of Kansas City and The Missouri Council on Economic Education.

Previous honorees include: former Fed chairmen Alan Greenspan and Paul Volcker and former Secretary of State George P. Schultz.

“I am both proud and extremely pleased that I join the very illustrious group of previous honorees,” Meltzer said.

In the past, he has been a member of the President’s Economic Policy Advisory Board, an acting member of the President’s Council of Economic Advisers, and a consultant to the Board of Governors of the Federal Reserve System.

As the eponymous Professor of Political Economy at the Tepper School of Business at Carnegie Mellon University, he admires the legacy behind the medal.

“I have great respect for President Truman’s foreign policy achievements,” Meltzer said. “They put us on a path that deterred the Soviet Union from expanding into Western Europe.”

Federal Reserve Bank of Kansas City President Thomas M. Hoenig is slated to present the award on Oct. 19 at the Marriott Downtown in Kansas City. The event will also recognize Hoenig’s acheiviements, after his retirement on Oct. 1.

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