Lyle Gramley

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 from 1980 to 1985. He previously served as a member of the Council of Economic Advisers from 1977 to 1980.^[1][2][3][4]

Lyle Gramley
Member of the Federal Reserve Board of Governors
In office May 28, 1980 – September 1, 1985
President	Jimmy Carter Ronald Reagan
Preceded by	Philip Coldwell
Succeeded by	Wayne Angell
Personal details
Born	Lyle Elden Gramley (1927-01-27)January 27, 1927 Aurora, Illinois, U.S.
Died	March 22, 2015(2015-03-22) (aged 88) Potomac, Maryland, U.S.
Political party	Democratic
Education	Beloit College (BA) Indiana University Bloomington (MA, PhD)

Early life, military service and education

Gramley was born in Aurora, Illinois. He was in the United States Navy from 1944 to 1947 and became an electronics technician in the submarine force. He served on the USS Requin from 1946 to 1947. After serving in the Navy, he attended Aurora University and graduated from Beloit College in 1951.

Career

He was a member of the Council of Economic Advisors during Carter administration until nominated to sit on the Fed Board as governor. After leaving the Fed, Gramley was a financial consultant for several corporations.^[5] He then earned his Ph.D. from Indiana University Bloomington.^[1]