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Board of Governors of the Federal Reserve System
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TheEconomists

The Federal Reserve Board employs over 300 Ph.D. economists, who represent an exceptionally diverse range of interests and specific areas of expertise. Board economists conduct cutting edge research, produce numerous working papers, and are among the leading contributors at professional meetings and in major journals. Our economists also produce a wide variety of economic analyses and forecasts for the Board of Governors and the Federal Open Market Committee.

  • Photo of Stephanie R. Aaronson

    Stephanie R. Aaronson

    Assistant Director

    Program Direction

    Research and Statistics

  • Photo of Robert M. Adams

    Robert M. Adams

    Senior Economist

    Financial Structure

    Research and Statistics

  • Photo of Javed I. Ahmed

    Javed I. Ahmed

    Economist

    Quantitative Risk Management

    Banking Supervision and Regulation

  • Photo of Shaghil Ahmed

    Shaghil Ahmed

    Deputy Associate Director

    Program Direction

    International Finance

  • Photo of Andrea Ajello

    Andrea Ajello

    Economist

    Monetary Studies

    Monetary Affairs

  • Photo of Ozge Akinci

    Ozge Akinci

    Economist

    Emerging Market Economies

    International Finance

  • Image of Board Seal

    Aditya Aladangady

    Economist

    Household and Business Spending

    Research and Statistics

  • Image of Board Seal

    Dean F. Amel

    Senior Economist

    Financial Structure

    Research and Statistics

  • Photo of John Ammer

    John Ammer

    Project Manager

    Program Direction

    International Finance

  • Photo of Alyssa G. Anderson

    Alyssa G. Anderson

    Economist

    Money Market Analysis

    Monetary Affairs

  • Image of Board Seal

    Edward L. Anderson

    Financial Services Project Leader

    Quantitative Risk Analysis

    Reserve Bank Operations and Payment Systems

  • Photo of Gary S. Anderson

    Gary S. Anderson

    Economist

    Monetary Studies

    Monetary Affairs

  • Photo of Elliot Anenberg

    Elliot Anenberg

    Economist

    Real Estate Finance

    Research and Statistics

  • Image of Board Seal

    Sirio Aramonte

    Economist

    Financial Stability Assessment

    Office of Financial Stability Policy and Research

  • Photo of Jonas E. Arias

    Jonas E. Arias

    Economist

    Global Modeling Studies

    International Finance

  • Photo of David M. Arseneau

    David M. Arseneau

    Senior Economist

    Financial and Macroeconomic Stability Studies

    Office of Financial Stability Policy and Research

  • Photo of Carlos O. Arteta

    Carlos O. Arteta

    Senior Economist

    Global Financial Institutions

    International Finance

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  • Photo of Marco Cagetti

    Marco Cagetti

    Senior Economist

    Flow of Funds

    Research and Statistics

  • Image of Board Seal

    Cecilia R. Caglio

    Economist

    Financial Stability Assessment

    Office of Financial Stability Policy and Research

  • Photo of Fang Cai

    Fang Cai

    Senior Economist

    Global Financial Flows

    International Finance

  • Photo of Isabel Cairó

    Isabel Cairó

    Economist

    Macroeconomic and Quantitative Studies

    Research and Statistics

  • Image of Board Seal

    Tomaz Cajner

    Economist

    Labor Markets

    Research and Statistics

  • Photo of Dario Caldara

    Dario Caldara

    Economist

    Macroeconomic and Quantitative Studies

    Research and Statistics

  • Photo of Sean D. Campbell

    Sean D. Campbell

    Deputy Associate Director

    Program Direction

    Research and Statistics

  • Photo of Francesca Carapella

    Francesca Carapella

    Economist

    Payment System Studies

    Reserve Bank Operations and Payment Systems

  • Photo of Mark Carey

    Mark Carey

    Associate Director

    Program Direction

    International Finance

  • Photo of Mark A. Carlson

    Mark A. Carlson

    Senior Economist

    Monetary Policy and Dealer Analysis

    Monetary Affairs

  • Photo of David B. Cashin

    David B. Cashin

    Economist

    Money Market Analysis

    Monetary Affairs

  • Image of Board Seal

    Michele Cavallo

    Senior Economist

    Trade and Quantitative Studies

    International Finance

  • Photo of Alain Chaboud

    Alain Chaboud

    Senior Economist

    Global Monetary and Sovereign Markets

    International Finance

  • Photo of Andrew C. Chang

    Andrew C. Chang

    Economist

    Household and Business Spending

    Research and Statistics

  • Photo of Andrew Y. Chen

    Andrew Y. Chen

    Economist

    Capital Markets

    Research and Statistics

  • Photo of Han Chen

    Han Chen

    Economist

    Money Market Analysis

    Monetary Affairs

  • Photo of Hess T. Chung

    Hess T. Chung

    Senior Economist

    Macroeconomic and Quantitative Studies

    Research and Statistics

  • Photo of James A. Clouse

    James A. Clouse

    Deputy Director

    Program Direction

    Monetary Affairs

  • Photo of Andrew M. Cohen

    Andrew M. Cohen

    Chief

    Financial Structure

    Research and Statistics

  • Photo of Nicholas S. Coleman

    Nicholas S. Coleman

    Economist

    Global Financial Institutions

    International Finance

  • Photo of Thomas A. Connors

    Thomas A. Connors

    Deputy Director

    Program Direction

    International Finance

  • Photo of Nathan L. Converse

    Nathan L. Converse

    Economist

    Global Financial Flows

    International Finance

  • Photo of Ricardo Correa

    Ricardo Correa

    Chief

    International Financial Stability

    International Finance

  • Photo of Brahima Coulibaly

    Brahima Coulibaly

    Chief

    Emerging Market Economies

    International Finance

  • Photo of Francisco B. Covas

    Francisco B. Covas

    Chief

    Banking Analysis

    Monetary Affairs

  • Photo of Daniel M. Covitz

    Daniel M. Covitz

    Associate Director

    Program Direction

    Research and Statistics

  • Photo of Leland D. Crane

    Leland D. Crane

    Economist

    Industrial Output

    Research and Statistics

  • Image of Board Seal

    Stephanie E. Curcuru

    Chief

    Global Capital Markets

    International Finance

  • Photo of Tobias Cwik

    Tobias Cwik

    Economist

    Macroeconomic and Quantitative Studies

    Research and Statistics

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  • Photo of Etienne Gagnon

    Etienne Gagnon

    Senior Economist

    Monetary Studies

    Monetary Affairs

  • Photo of Joshua Gallin

    Joshua Gallin

    Deputy Associate Director

    Program Direction

    Research and Statistics

  • Photo of Geoffrey R. Gerdes

    Geoffrey R. Gerdes

    Senior Economist

    Payment System Studies

    Reserve Bank Operations and Payment Systems

  • Photo of Samim Ghamami

    Samim Ghamami

    Economist

    Quantitative Risk Analysis

    Reserve Bank Operations and Payment Systems

  • Photo of Michael S. Gibson

    Michael S. Gibson

    Director

    Program Direction

    Banking Supervision and Regulation

  • Image of Board Seal

    Charles E. Gilbert

    Senior Economist

    Industrial Output

    Research and Statistics

  • Photo of Stefan Gissler

    Stefan Gissler

    Economist

    Systemic Financial Institutions and Markets

    Research and Statistics

  • Image of Board Seal

    Jonathan Goldberg

    Economist

    Monetary Policy and Dealer Analysis

    Monetary Affairs

  • Photo of Arturo Gonzalez

    Arturo Gonzalez

    Manager

    Consumer and Community Development Research

    Consumer and Community Affairs

  • Photo of Manuel P. Gonzalez-Astudillo

    Manuel P. Gonzalez-Astudillo

    Economist

    Macroeconomic and Quantitative Studies

    Research and Statistics

  • Photo of Sarena F. Goodman

    Sarena F. Goodman

    Economist

    Consumer Finance

    Research and Statistics

  • Photo of Michael B. Gordy

    Michael B. Gordy

    Senior Economist

    Risk Analysis

    Research and Statistics

  • Photo of Daniel R. Gorin

    Daniel R. Gorin

    Supervisory Policy Analyst

    Policy Analysis

    Consumer and Community Affairs

  • Photo of Nils M. Gornemann

    Nils M. Gornemann

    Economist

    Global Modeling Studies

    International Finance

  • Image of Board Seal

    Lynn M. Gottschalk

    Senior Economist

    Fair Lending Enforcement

    Consumer and Community Affairs

  • Photo of Jacob P. Gramlich

    Jacob P. Gramlich

    Economist

    Financial Structure

    Research and Statistics

  • Photo of Olesya V. Grishchenko

    Olesya V. Grishchenko

    Economist

    Monetary and Financial Market Analysis

    Monetary Affairs

  • Photo of Joseph W. Gruber

    Joseph W. Gruber

    Deputy Associate Director

    Program Direction

    International Finance

  • Photo of Serafin J. Grundl

    Serafin J. Grundl

    Economist

    Financial Structure

    Research and Statistics

  • Photo of Luca Guerrieri

    Luca Guerrieri

    Chief

    Financial and Macroeconomic Stability Studies

    Office of Financial Stability Policy and Research

  • Photo of Li Gu

    Li Gu

    Economist

    Quantitative Risk Management

    Banking Supervision and Regulation

  • Photo of Christopher J. Gust

    Christopher J. Gust

    Chief

    Monetary Studies

    Monetary Affairs

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  • Image of Board Seal

    Hajime H. Hadeishi

    Senior Economist

    Fair Lending Enforcement

    Consumer and Community Affairs

  • Image of Board Seal

    Jeffrey J. Hallman

    Senior Economist

    Monetary and Reserve Analysis

    Monetary Affairs

  • Photo of Jane T. Haltmaier

    Jane T. Haltmaier

    Senior Adviser

    Program Direction

    International Finance

  • Photo of Song Han

    Song Han

    Chief

    Short-Term Funding Markets

    Research and Statistics

  • Photo of Diana Hancock

    Diana Hancock

    Associate Director

    Program Direction

    Research and Statistics

  • Photo of Erik A. Heitfield

    Erik A. Heitfield

    Assistant Director

    Program Direction

    Research and Statistics

  • Photo of Alice M. Henriques

    Alice M. Henriques

    Economist

    Microeconomic Surveys

    Research and Statistics

  • Photo of Edward P. Herbst

    Edward P. Herbst

    Economist

    Macroeconomic and Quantitative Studies

    Research and Statistics

  • Photo of Jasper Hoek

    Jasper Hoek

    Senior Economist

    Emerging Market Economies

    International Finance

  • Photo of Joanne W. Hsu

    Joanne W. Hsu

    Economist

    Microeconomic Surveys

    Research and Statistics

  • Image of Board Seal

    Xin Huang

    Economist

    Risk Analysis

    Research and Statistics

  • Photo of Yesol Huh

    Yesol Huh

    Economist

    Risk Analysis

    Research and Statistics

  • Image of Board Seal

    Jeffrey W. Huther

    Senior Economist

    Money Market Analysis

    Monetary Affairs

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  • Photo of Mohammad Jahan-Parvar

    Mohammad Jahan-Parvar

    Economist

    Financial and Macroeconomic Stability Studies

    Office of Financial Stability Policy and Research

  • Photo of Anil K. Jain

    Anil K. Jain

    Economist

    Global Financial Institutions

    International Finance

  • Photo of Benjamin K. Johannsen

    Benjamin K. Johannsen

    Economist

    Monetary Studies

    Monetary Affairs

  • Photo of Kathleen W. Johnson

    Kathleen W. Johnson

    Manager

    Stress Testing

    Banking Supervision and Regulation

  • Image of Board Seal

    David S. Jones

    Associate Director

    Program Direction

    Banking Supervision and Regulation

  • Photo of Ruth A. Judson

    Ruth A. Judson

    Senior Economist

    Global Financial Flows

    International Finance

J
  • Photo of Steven B. Kamin

    Steven B. Kamin

    Director

    Program Direction

    International Finance

  • Photo of John Kandrac

    John Kandrac

    Economist

    Money Market Analysis

    Monetary Affairs

  • Photo of Gazi I. Kara

    Gazi I. Kara

    Economist

    Financial Stability Assessment

    Office of Financial Stability Policy and Research

  • Photo of James E. Kennedy

    James E. Kennedy

    Senior Economist

    Flow of Funds

    Research and Statistics

  • Photo of Arthur B. Kennickell

    Arthur B. Kennickell

    Assistant Director

    Program Direction

    Research and Statistics

  • Photo of Michael T. Kiley

    Michael T. Kiley

    Senior Associate Director

    Program Direction

    Office of Financial Stability Policy and Research

  • Image of Board Seal

    You Suk Kim

    Economist

    Financial Structure

    Research and Statistics

  • Photo of Don H. Kim

    Don H. Kim

    Chief

    Monetary and Financial Market Analysis

    Monetary Affairs

  • Photo of Elizabeth K. Kiser

    Elizabeth K. Kiser

    Deputy Associate Director

    Program Direction

    Research and Statistics

  • Image of Board Seal

    Yuriy Kitsul

    Economist

    Monetary and Financial Market Analysis

    Monetary Affairs

  • Photo of Elizabeth C. Klee

    Elizabeth C. Klee

    Chief

    Money Market Analysis

    Monetary Affairs

  • Photo of Illenin O. Kondo

    Illenin O. Kondo

    Economist

    Trade and Financial Studies

    International Finance

  • Photo of Christopher J. Kurz

    Christopher J. Kurz

    Senior Economist

    Industrial Output

    Research and Statistics

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  • Image of Board Seal

    Jean-Philippe Laforte

    Senior Economist

    Macroeconomic and Quantitative Studies

    Research and Statistics

  • Photo of Jeff Larrimore

    Jeff Larrimore

    Economist

    Consumer and Community Development Research

    Consumer and Community Affairs

  • Photo of Thomas Laubach

    Thomas Laubach

    Associate Director

    Program Direction

    Research and Statistics

  • Photo of Steven M. Laufer

    Steven M. Laufer

    Economist

    Real Estate Finance

    Research and Statistics

  • Photo of Michael Leahy

    Michael Leahy

    Deputy Director

    Program Direction

    International Finance

  • Photo of David E. Lebow

    David E. Lebow

    Associate Director

    Program Direction

    Research and Statistics

  • Image of Board Seal

    Seung Jung Lee

    Senior Economist

    Banking Analysis

    Monetary Affairs

  • Photo of Andreas Lehnert

    Andreas Lehnert

    Deputy Director

    Program Direction

    Office of Financial Stability Policy and Research

  • Photo of Paul Lengermann

    Paul Lengermann

    Chief

    Household and Business Spending

    Research and Statistics

  • Photo of Andrew Levin

    Andrew Levin

    Special Adviser to the Board

    General Program Support

    Office of Board Members

  • Image of Board Seal

    Kurt F. Lewis

    Senior Economist

    Monetary Policy and Dealer Analysis

    Monetary Affairs

  • Image of Board Seal

    Logan T. Lewis

    Economist

    Trade and Quantitative Studies

    International Finance

  • Photo of Canlin Li

    Canlin Li

    Senior Economist

    Monetary and Financial Market Analysis

    Monetary Affairs

  • Photo of Dan Li

    Dan Li

    Economist

    Capital Markets

    Research and Statistics

  • Photo of Geng Li

    Geng Li

    Chief

    Consumer Finance

    Research and Statistics

  • Photo of Yi Li

    Yi Li

    Economist

    Short-Term Funding Markets

    Research and Statistics

  • Image of Board Seal

    Nellie Liang

    Director

    Program Direction

    Office of Financial Stability Policy and Research

  • Image of Board Seal

    Stephen F. Lin

    Economist

    Advanced Foreign Economies

    International Finance

  • Photo of Deb Lindner

    Deb Lindner

    Senior Economist

    Prices and Wages

    Research and Statistics

  • Photo of Anna Lipinska

    Anna Lipinska

    Economist

    Advanced Foreign Economies

    International Finance

  • Image of Board Seal

    Laura Lipscomb

    Chief

    Monetary and Reserve Analysis

    Monetary Affairs

  • Photo of May X. Liu

    May X. Liu

    Statistician

    Payment System Studies

    Reserve Bank Operations and Payment Systems

  • Photo of Juan-Miguel Londono-Yarce

    Juan-Miguel Londono-Yarce

    Economist

    Global Capital Markets

    International Finance

  • Photo of J David Lopez-Salido

    J David Lopez-Salido

    Deputy Associate Director

    Program Direction

    Monetary Affairs

  • Photo of Byron Lutz

    Byron Lutz

    Chief

    Fiscal Analysis

    Research and Statistics

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  • Photo of Traci L. Mach

    Traci L. Mach

    Senior Economist

    Financial Structure

    Research and Statistics

  • Photo of Mark D. Manuszak

    Mark D. Manuszak

    Senior Economist

    Payment System Studies

    Reserve Bank Operations and Payment Systems

  • Image of Board Seal

    Jeffrey C. Marquardt

    Deputy Director

    Program Direction

    Reserve Bank Operations and Payment Systems

  • Photo of David Marques-Ibanez

    David Marques-Ibanez

    Economist

    Global Financial Institutions

    International Finance

  • Photo of Robert F. Martin

    Robert F. Martin

    Chief

    Global Monetary and Sovereign Markets

    International Finance

  • Photo of Patrick E. McCabe

    Patrick E. McCabe

    Adviser

    Program Direction

    Research and Statistics

  • Photo of Andrew H. McCallum

    Andrew H. McCallum

    Economist

    Trade and Quantitative Studies

    International Finance

  • Photo of Susan Hume McIntosh

    Susan Hume McIntosh

    Senior Economist

    Flow of Funds

    Research and Statistics

  • Photo of Ellen Meade

    Ellen Meade

    Senior Adviser

    Program Direction

    Monetary Affairs

  • Photo of Ralf R. Meisenzahl

    Ralf R. Meisenzahl

    Economist

    Systemic Financial Institutions and Markets

    Research and Statistics

  • Image of Board Seal

    Ellen A. Merry

    Senior Economist

    Consumer and Community Development Research

    Consumer and Community Affairs

  • Image of Board Seal

    Elmar Mertens

    Senior Economist

    Monetary Studies

    Monetary Affairs

  • Photo of Stephen A. Meyer

    Stephen A. Meyer

    Deputy Director

    Program Direction

    Monetary Affairs

  • Image of Board Seal

    Alvaro Mezza

    Economist

    Consumer Finance

    Research and Statistics

  • Photo of Marco Migueis

    Marco Migueis

    Economist

    Quantitative Risk Management

    Banking Supervision and Regulation

  • Photo of Jonathan N. Millar

    Jonathan N. Millar

    Senior Economist

    Household and Business Spending

    Research and Statistics

  • Photo of David S. Miller

    David S. Miller

    Economist

    Macroeconomic and Quantitative Studies

    Research and Statistics

  • Photo of David C. Mills

    David C. Mills

    Assistant Director

    Payment System Studies

    Reserve Bank Operations and Payment Systems

  • Photo of Michele Modugno

    Michele Modugno

    Economist

    Financial and Macroeconomic Stability Studies

    Office of Financial Stability Policy and Research

  • Photo of Raven Molloy

    Raven Molloy

    Chief

    Real Estate Finance

    Research and Statistics

  • Photo of Ryan Monarch

    Ryan Monarch

    Economist

    Emerging Market Economies

    International Finance

  • Photo of Kevin B. Moore

    Kevin B. Moore

    Senior Economist

    Microeconomic Surveys

    Research and Statistics

  • Image of Board Seal

    Bernardo C. Morais

    Economist

    Emerging Market Economies

    International Finance

  • Photo of Norman J. Morin

    Norman J. Morin

    Chief

    Industrial Output

    Research and Statistics

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  • Image of Board Seal

    James M. O'Brien

    Senior Economist

    Risk Analysis

    Research and Statistics

  • Image of Board Seal

    Marcelo Ochoa

    Economist

    Monetary and Financial Market Analysis

    Monetary Affairs

  • Photo of Dong Hwan Oh

    Dong Hwan Oh

    Economist

    Quantitative Risk Analysis

    Reserve Bank Operations and Payment Systems

  • Image of Board Seal

    Anna Orlik

    Economist

    Monetary Policy and Dealer Analysis

    Monetary Affairs

  • Photo of Maria W. Otoo

    Maria W. Otoo

    Economist

    Industrial Output

    Research and Statistics

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  • Photo of Andrea Raffo

    Andrea Raffo

    Senior Economist

    Advanced Foreign Economies

    International Finance

  • Photo of Rodney Ramcharan

    Rodney Ramcharan

    Chief

    Systemic Financial Institutions and Markets

    Research and Statistics

  • Image of Board Seal

    Ben Ranish

    Economist

    Quantitative Risk Management

    Banking Supervision and Regulation

  • Image of Board Seal

    Venkatesh Rao

    Senior Economist

    Stress Testing

    Banking Supervision and Regulation

  • Photo of David E. Rappoport

    David E. Rappoport

    Economist

    Macroprudential Policy Analysis

    Office of Financial Stability Policy and Research

  • Photo of David D. Ratner

    David D. Ratner

    Economist

    Labor Markets

    Research and Statistics

  • Photo of Trevor A. Reeve

    Trevor A. Reeve

    Special Adviser to the Chair

    General Program Support

    Office of Board Members

  • Photo of Marcelo Rezende

    Marcelo Rezende

    Economist

    Banking Analysis

    Monetary Affairs

  • Image of Board Seal

    Tara Rice

    Chief

    Global Financial Institutions

    International Finance

  • Photo of Daniel R. Ringo

    Daniel R. Ringo

    Economist

    Real Estate Finance

    Research and Statistics

  • Photo of John M. Roberts

    John M. Roberts

    Assistant Director

    Program Direction

    Research and Statistics

  • Photo of Patrice T. Robitaille

    Patrice T. Robitaille

    Senior Economist

    Emerging Market Economies

    International Finance

  • Image of Board Seal

    Barbara J. Robles

    Senior Research Liaison

    Consumer and Community Development Research

    Consumer and Community Affairs

  • Image of Board Seal

    Marius D. Rodriguez

    Economist

    Global Monetary and Sovereign Markets

    International Finance

  • Photo of John H. Rogers

    John H. Rogers

    Senior Adviser

    Program Direction

    International Finance

  • Photo of Jonathan D. Rose

    Jonathan D. Rose

    Economist

    Banking Analysis

    Monetary Affairs

  • Photo of Jennifer E. Roush

    Jennifer E. Roush

    Chief of Staff

    Program Direction

    Office of Financial Stability Policy and Research

  • Photo of Gisela Rua

    Gisela Rua

    Economist

    Industrial Output

    Research and Statistics

  • Image of Board Seal

    Jeremy Rudd

    Senior Adviser

    Program Direction

    Research and Statistics

  • Photo of Doriana Ruffino

    Doriana Ruffino

    Economist

    Systemic Financial Institutions and Markets

    Research and Statistics

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  • Photo of Egon Zakrajsek

    Egon Zakrajsek

    Associate Director

    Program Direction

    Monetary Affairs

  • Photo of Rebecca Zarutskie

    Rebecca Zarutskie

    Senior Economist

    Flow of Funds

    Research and Statistics

  • Photo of Ilknur Zer

    Ilknur Zer

    Economist

    Financial Stability Assessment

    Office of Financial Stability Policy and Research

  • Photo of Joyce K. Zickler

    Joyce K. Zickler

    Senior Adviser

    Program Direction

    Monetary Affairs

  • Photo of Andrei Zlate

    Andrei Zlate

    Economist

    Emerging Market Economies

    International Finance

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Last update: November 18, 2014