Biography
Richard Porter is a vice president and senior policy advisor in the financial markets group of the Federal Reserve Bank of Chicago. As director of the payments studies group, he oversees economic research and policy analysis on payments systems. He previously served in a similar capacity in the economic research department. His most current research is available on the financial markets group website.
Before joining the Bank, Porter served as an economist at the Board of Governors of the Federal Reserve System for over three decades, most recently as a senior adviser in the Division of Monetary Affairs. Prior to that, Porter was an assistant professor of economics at Ohio State University.
Porter has had an active research and policy career. His articles have been published in a variety of scholarly journals including the American Economic Review, Annals of Economic and Social Measurement, Brookings Papers on Economic Activity, Carnegie Rochester Conference on Public Policy, Econometrica, Economic Letters, Economic Modelling, the Journal of Economics and Business, the Journal of Economic Dynamics and Control, the Journal of Monetary Economics and the Journal of Money, Credit, and Banking.
He was the recipient of a special achievement award from the Board of Governors for his research at the Board in 1982 and a certificate of appreciation in special recognition of efforts and superior contributions for the International Currency Audit Program to the law enforcement responsibilities of the United States Secret Service in 2000. In May 2004 he was privileged to have the Board of Governors sponsor a festschrift-type conference entitled
Models and Monetary Policy: Research in the Tradition of Dale Henderson, Richard Porter, and Peter Tinsley. 
Porter received a Ph.D. in economics from the University of Wisconsin.
Professional Experience
Federal Reserve Bank of Chicago, 2004–present.
Board of Governors of the Federal Reserve System, 1971–2004
Assistant Professor, Ohio State University, 1968–1973
Special Editor, Journal of Economics and Business, 1998–1999
Statistical Consultant for the U.S. Treasury Department, Bulgarian National Bank, 1994–1994
Economist to Central Banks of Moldova and Romania, Financial Services Volunteer Corp, 1998–1998
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