The Federal Reserve Bank of Richmond said Thursday its research director has been promoted to special adviser to Richmond Fed President Jeffrey Lacker.
John Weinberg, who has been research director for a decade, will remain based in Richmond, Va., in his new role.
As research director, Weinberg led the Richmond Fed’s economists, who produce analysis on economic trends in the Richmond district, which includes Charlotte. Uses of that research include the development of monetary policy for the Federal Reserve in Washington, D.C.
Weinberg will assume the new position April 1.
He will be replaced by Kartik Athreya, currently group vice president of microeconomics and research communications. Athreya will also remain in Richmond in his new role.
The Richmond Fed’s territory includes the Carolinas. It supervises Charlotte-based Bank of America.
The Federal Reserve Bank of San Francisco supervises Wells Fargo, which is headquartered in that city but has an East Coast hub in Charlotte.