January 10, 2018 — AutoNation Chairman and CEO Mike Jackson has been appointed to serve as chairman of Atlanta’s Federal Reserve board for a one-year term that started January 1.
Jackson, who previously was deputy chairman, will head Atlanta’s nine-member board that is responsible for the district encompassing Florida, Alabama, Georgia and areas of Mississippi, Tennessee and Louisiana. Atlanta is one of 12 district banks that comprise the Federal Reserve. The boards help guide U.S. monetary policy by providing regional economic insight to the federal government and helping set the discount interest rates for intra-bank lending.
Jackson also previously served on the board for Atlanta district’s Miami branch, leading it in 2013.
AutoNation, headquartered in Fort Lauderdale, FL, is the nation’s top selling automotive dealership group generating nearly $22 billion in annual revenue.