Lynch to chair Boston's Federal Reserve Bank

The Federal Reserve Board, whose mission includes conducting the nation's monetary policy, said today it has selected Lisa M. Lynch of Tufts University to chair Boston's Federal Reserve Bank next year.

The board appointed chairmen and deputy chairmen for its 12 Federal Reserve Banks for 2007. Chief executive Henri A. Termeer of Genzyme Corp. of Cambridge was selected to be the deputy chairman of the Federal Reserve Bank in Boston.

Lynch is William L. Clayton professor of international economic affairs at Tufts' Fletcher School of Law and Diplomacy.

Each Reserve Bank has a nine-member board of directors; the board of governors in Washington appoints three of these directors and each year designates one of its appointees as chairman and a second as deputy chairman.
(By Chris Reidy, Globe staff)