Baptist Health CEO Troy Wells named to Federal Reserve Bank council
by February 14, 2023 9:20 pm 882 views
Troy Wells, president and CEO of Baptist Health in Little Rock, has been named to the Health Care Industry Council of the Federal Reserve Bank of St. Louis.
Wells’ appointment was made public on Tuesday (Feb. 14).
The St. Louis Fed created four District Industry Councils in 2006, each designed to provide important feedback about economic conditions in key Eighth District industry sectors.
The members’ observations — along with the economic data developed through the Federal Reserve Board’s Beige Book and meetings of the Reserve Bank’s board of directors — help ensure conditions in “Main Street America” are represented in monetary policy deliberations in Washington, D.C.
Each council is supported by one of the St. Louis Fed’s four offices: St. Louis (real estate); Little Rock (agribusiness); Louisville, Ky. (health care); and Memphis, Tenn. (transportation).
The councils meet twice a year.
Pearl Anna McElfish, Director, Office of Community Health and Research, University of Arkansas for Medical Sciences, in Springdale and Casey Willis, COO, National Park Medical Center, in Hot Springs are also on the Health Care Industry Council of the Federal Reserve Bank of St. Louis.