Truman Medal for Economic Policy

Truman Medal For Economic Policy

To take any and all measures necessary for a healthy economy.

Harry S. Truman

The 2019 Truman Medal for Economic Policy was awarded to former Chair of the Federal Reserve Board Janet L. Yellen in a special program on October 10, 2019.

The Truman Medal for Economic Policy provides a forum to recognize exceptional economic policy contributions. The award’s name reflects the role President Harry S. Truman played in the creation of the Council of Economic Advisers.

2019 honoree Dr. Yellen is a Distinguished Fellow in Residence with the Economic Studies Program at the Brookings Institution, and she has also served as Vice Chair of the Federal Reserve Board and President and Chief Executive Officer of the Federal Reserve Bank of San Francisco, as well as Chair of the White House Council of Economic Advisors.

The Truman Medal for Economic Policy was created in 2005 to recognize extraordinary achievement in the formation and conduct of economic policy. The Medal is given biennially at an awards ceremony in Kansas City, Missouri. The Truman Medal for Economic Policy reflects on the creation of the Council of Economic Advisers (CEA) under President Harry S. Truman. The CEA was established by the Employment Act of 1946, which President Truman signed on February 20, 1946. The act committed the government, as Truman described it, “to take any and all measures necessary for a healthy economy.”

Truman Medal Recipients

2005      Alan Greenspan
2007      George P. Shultz
2009      Paul A. Volcker
2011      Allan H. Meltzer
2013      Alice M. Rivlin
2015      John B. Taylor
2017      Robert J. Shiller
2019      Janet L. Yellen

Truman Medal Organizing Partners

Truman Library Institute
Economic Club of Kansas City
Henry W. Bloch School of Management
Missouri Council on Economic Education