Nancy Teeters

Nancy Hays Teeters (July 29, 1930 – November 17, 2014) was the first woman to serve on the Federal Reserve Board of Governors. Appointed by President Jimmy Carter, she served from 1978-1984. She was known for her public statements in which she dissented from the mainstream opinion of the Board and Chairman Paul Volcker.

Teeters was the youngest of three children born to Edgar Hayes, a box salesman, and Mabel, a homemaker. She received a bachelor's degree from Oberlin College in 1952 and a master's degree from the University of Michigan in 1954, both in economics.

In 1957, Teeters joined the Federal Reserve as a staff economist in the Division of Research and Statistics. From 1962 to 1963, she worked as an economist on the staff of the Council of Economic Advisers, then led by Chair Walter Heller. She returned to the Federal Reserve for three years and also spent time with the Bureau of the Budget (now the Office of Management and Budget, the Brookings Institution, and the Congressional Research Service prior to her appointment to the Board of Governors of the Federal Reserve.

After leaving the Fed, she became director of economics at IBM, where she served until her retirement in 1990.She died in November 17, 2014 at the age of 84.