Wayne Angell, Inflation Hawk on Fed Board in 1980s, Dies at 94

Wayne Angell, who brought a farmer’s wariness of inflation to US monetary policy-making during an eight-year term on the Federal Reserve Board of Governors starting in 1986, has died. He was 94.

He died on April 19 at his home in Laguna Beach, California, said Betty Angell, his wife of 74 years.

Wayne Angell in 2003

Photographer: Alex Wong/Getty Images

Angell’s career spanned farming to banking to politics before he joined the Fed. After his time on the board, he went on to join the investment bank Bear Stearns & Co., catching attention in the bond market with some bold calls on Fed policy action in ...