The Federal Reserve Bank of Philadelphia has chosen Anna Paulson, a top official at the Chicago Fed, to serve as its next president. Paulson, 60, will replace Patrick Harker on June 30, when Harker steps down after completing a 10-year term.

The Federal Reserve Bank of Philadelphia appointed Anna Paulson, who currently serves as the Chicago Fed’s head of research, as its next president.

Anna Paulson, a career economist at the Federal Reserve's Chicago bank, will take over as president of the Federal Reserve Bank of Philadelphia, the bank said Thursday morning. An insurance scholar, Paulson,