Thomas J. Jordan is Chairman of the Governing Board of the Swiss National Bank (SNB) since 2012. He received his PhD in economics from the University of Bern. Following a three-year post-doctoral research position at the Department of Economics at Harvard University, he joined the SNB as an Economic Advisor in 1997. In 2007, the Federal Council appointed Thomas J. Jordan to the position of Member of the SNB’s Governing Board. Thomas J. Jordan is Governor of the International Monetary Fund (IMF) for Switzerland. He is a member of the Board of Directors of the Bank for International Settlements (BIS) in Basel, and Chairman of its Banking and Risk Management Committee. He represents Switzerland in the Plenary and the Steering Committee of the Financial Stability Board (FSB), and is Chair of the FSB’s Standing Committee on Budget and Resources (SCBR).
«We definitely want to keep inflation in Switzerland below two percent and ensure price stability, » emphasised Thomas Jordan, President of the Swiss National Bank, at SEF.23 in a conversation with moderator Carolin Roth on the theme of «Economic Outlook». It is important to protect the Swiss market from international inflation.
At the moment, it looks as if inflation is declining globally by itself, Pierre-Olivier Gourinchas added. But that is a deception. Because energy prices are currently falling again, inflation seems to be stabilising, explained the chief economist of the International Monetary Fund (IMF) and professor at the University of Berkeley. But that is only a small, volatile factor. "But we have to get inflation under control overall.
Thomas Jordan, who has presided over the Swiss National Bank since 2012 and serves as Governor for Switzerland at the IMF, went on to say that it was a great relief to the IMF that Switzerland was able to find a solution to the Credit Suisse crisis so quickly.