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

The Philadelphia Federal Reserve on Thursday named Anna Paulson as its next president in a move that appears to cement the regional bank’s reputation as a middle-of-the road voice in Fed deliberations on monetary policy.

The Federal Reserve Bank of Philadelphia said on Thursday that Anna Paulson, a current Fed economist, will be the next leader of the bank. Why it matters: Paulson, whose research has focused on financial markets institutions,