Lyle Elden Gramley (January 14, 1927 – March 22, 2015) was an American economist who served as a member of the

Federal Reserve Board of Governors The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the mon ...

from 1980 to 1985. He previously served as a member of the

Council of Economic Advisers The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the President of the United States on economic policy. The CEA provides much of the empirical resea ...

from 1977 to 1980. Born in

Aurora, Illinois Aurora is a city in the Chicago metropolitan area located partially in DuPage County, Illinois, DuPage, Kane County, Illinois, Kane, Kendall County, Illinois, Kendall, and Will County, Illinois, Will counties in the U.S. state of Illinois. Locat ...

, Gramley graduated from

Beloit College Beloit College is a private liberal arts college in Beloit, Wisconsin. Founded in 1846, when Wisconsin was still a territory, it is the state's oldest continuously operated college. It is a member of the Associated Colleges of the Midwest and has ...

in 1951. He was a member of the CEA during

Carter administration Jimmy Carter's tenure as the 39th president of the United States began with his inauguration on January 20, 1977, and ended on January 20, 1981. A Democrat from Georgia, Carter took office after defeating incumbent Republican President ...

until nominated to sit on the Fed Board as governor. After leaving the Fed, Gramley was a financial consultant for several corporations. He then earned his Ph.D. from

Indiana University Indiana University (IU) is a system of public universities in the U.S. state of Indiana. Campuses Indiana University has two core campuses, five regional campuses, and two regional centers under the administration of IUPUI. *Indiana Universit ...

References

1927 births 2015 deaths Beloit College alumni Economists from Illinois Federal Reserve System governors Indiana University alumni People from Aurora, Illinois United States Council of Economic Advisers Carter administration personnel Reagan administration personnel Federal Reserve economists {{US-economist-stub