PHILADELPHIA, Feb. 17 -- The Federal Reserve Bank of Philadelphia issued the following news release:
The Federal Reserve Bank of Philadelphia has appointed Devesh Raj, senior vice president of strategic and financial planning for Comcast Corporation, to its Economic and Community Advisory Council (ECAC) (https://www.phil.frb.org/about-the-fed/directors-and-councils/councils/economic-advisory-council). The ECAC informs the Bank's senior leadership team about emerging trends, issues, and market conditions in the Third Federal Reserve District and nationwide.
"Devesh brings an essential perspective to the ECAC," said Deborah L. Hayes, senior vice president of Corporate Affairs at the Federal Reserve Bank of Philadelphia. "Devesh's experience in business development and strategic planning across multiple sectors will benefit the council immensely. We look forward to the insights he will bring on regional and national economic trends as we explore opportunities for inclusive growth."
The ECAC, originally created in 2008, was enhanced in 2016. It is composed of up to 15 leaders representing businesses of varying sizes and in different industry sectors as well as nonprofit organizations, philanthropic organizations, academic institutions, the public sector, and organized labor. The ECAC extends partnerships with organizations from the private and public sectors and fosters greater integration and collaboration to have a broader impact on the Third Federal Reserve District and to encourage economic growth.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern and central Pennsylvania, southern New Jersey, and Delaware.
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