ALEXANDRIA, Va. – NCUA announced today it has reestablished an office of the chief economist for the first time in 18 years and hired John Worth, policy manager for the Federal Housing Finance Agency, the regulator for Fannie Mae and Freddie Mac, to head it.
NCUA has not had a chief economist since the 1992 death of Charles Bradford and agency officials have been discussing recreating the office ever since then. Because of that, NCUA has always had to rely on comprehensive economic forecasts and projections from CUNA, NAFCU and industry groups.
At the FHFA Worth helped in the review and analysis of regulatory reform initiatives. Prior to joining FHFA, Worth served ten years at the Treasury Department where he was director of the
office of macroeconomic analysis in the office of economic policy and also served as
acting deputy assistant secretary for microeconomics from July 2008 to January 2009.
