Paul W. Boltz, T. Rowe Price Associates Inc.'s chief...

Maryland Watch

March 12, 1998

Paul W. Boltz, T. Rowe Price Associates Inc.'s chief economist, said he will retire next month after 15 years on the job.

His last day will be April 15.

"I just want to enjoy leisure, and I want to pursue other things," Boltz, 54, said yesterday. "I have been in this particular racket now for 20 years. Being in a fishbowl gets old."

In addition to forecasting the economy for the Baltimore mutual fund company, Boltz has been flying about 75,000 miles a year to visit clients and give speeches.

Boltz was a senior economist at the Federal Reserve Board in Washington from 1973 to 1981 and then was a money market economist at Chicago-based Continental Illinois National Bank and Trust Co. until 1983, when he came to Price.

He has been optimistic about the economy and the stock market in recent years, and he expects both to continue to do well.

"I don't think the party is over for the stock market until we have a serious recession," he said, adding that "there doesn't seem to be a hint of a recession on the horizon at this moment."

Price has not named a replacement for Boltz.

Pub Date: 3/12/98

HD Price chief economist, Boltz, is retiring

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