Meet the Researchers
The Federal Reserve Board employs more than 500 researchers, including more than 400 Ph.D. economists, who represent an exceptionally diverse range of interests and specific areas of expertise. Board researchers conduct cutting edge research, produce numerous working papers and notes, and are among the leading contributors at professional meetings and in major journals. Our researchers also produce a wide variety of economic analyses and forecasts for the Board of Governors and the Federal Open Market Committee.
Last Name:
Field of Interest:
Division:
Finance
Field:
Financial Markets
Job Role:
A

Andrea Ajello
Chief
Macro-Financial Analysis
Monetary Affairs
Monetary Affairs

Levent Altinoglu
Principal Economist
Financial and Macroeconomic Stability Studies
Financial Stability
Financial Stability

John Ammer
Senior Economic Project Manager
Program Direction
International Finance
International Finance

Alyssa G. Anderson
Principal Economist
Money Market Analysis
Monetary Affairs
Monetary Affairs

Christopher S. Anderson
Principal Economist
Trading and Capital Markets
Supervision and Regulation
Supervision and Regulation

Sirio Aramonte
Principal Economist
Financial Stability Assessment
Financial Stability
Financial Stability
B

Ayelen Banegas
Principal Economist
Financial Intermediaries Analysis
Monetary Affairs
Monetary Affairs

Daniel J. Barth
Principal Economist
Financial Stability Assessment
Financial Stability
Financial Stability

Erik Bostrom
Fin Inst Policy Analyst III
Money Market Analysis
Monetary Affairs
Monetary Affairs

David Bowman
Senior Associate Director
Program Direction
Monetary Affairs
Monetary Affairs

Celso Brunetti
Assistant Director
Program Direction
Research and Statistics
Research and Statistics
C

Marco Cagetti
Assistant Director
Program Direction
Research and Statistics
Research and Statistics

Cecilia R. Caglio
Chief
Financial Structure
Research and Statistics
Research and Statistics

Fang Cai
Assistant Director
Program Direction
Financial Stability
Financial Stability

James A. Caldera
Economist
Policy Effectiveness and Assessment
Supervision and Regulation
Supervision and Regulation

Alain Chaboud
Senior Economic Project Manager
Program Direction
International Finance
International Finance

Jin-Wook B. Chang
Senior Economist
Financial Stability Assessment
Financial Stability
Financial Stability

James A. Clouse
Deputy Director
Program Direction
Monetary Affairs
Monetary Affairs

Andrew M. Cohen
Assistant Director
Program Direction
Financial Stability
Financial Stability

Daniel M. Covitz
Deputy Director
Program Direction
Research and Statistics
Research and Statistics
D

Matt Darst
Principal Economist
Macroprudential Policy Analysis
Financial Stability
Financial Stability

Michele H. Dathan
Senior Economist
Global Financial Markets
International Finance
International Finance

Margaret DeBoer
Deputy Associate Director
Program Direction
Monetary Affairs
Monetary Affairs

Laurie Pounder DeMarco
Economic Project Manager
Global Financial Institutions
International Finance
International Finance

Benjamin Dennis
Principal Economist
Policy Planning and Strategy
Supervision and Regulation
Supervision and Regulation

Jennifer L. Dlugosz
Principal Economist
Financial Structure
Research and Statistics
Research and Statistics

Dobrislav Dobrev
Principal Economist
Monetary and Financial Market Analysis
Monetary Affairs
Monetary Affairs

Fang Du
Adviser
Program Direction
Supervision and Regulation
Supervision and Regulation

Shengwu Du
Senior Economist
Quantitative Risk Analysis
Reserve Bank Operations and Payment Systems
Reserve Bank Operations and Payment Systems

Burcu Duygan-Bump
Associate Director
Program Direction
Research and Statistics
Research and Statistics
E

Matthew J. Eichner
Director
Program Direction
Reserve Bank Operations and Payment Systems
Reserve Bank Operations and Payment Systems
F

Albert Fattal
Data and Technology Analyst III
Program Direction
Research and Statistics
Research and Statistics

Nathan Foley-Fisher
Principal Economist
Systemic Financial Institutions and Markets
Research and Statistics
Research and Statistics
G

Joshua Gallin
Secretary of the FOMC
Program Direction
Monetary Affairs
Monetary Affairs

Daniel I. Garcia Molina
Senior Economist
Household and Business Spending
Research and Statistics
Research and Statistics

Geoffrey R. Gerdes
Principal Economist
Payment System Studies
Reserve Bank Operations and Payment Systems
Reserve Bank Operations and Payment Systems

Michael S. Gibson
Director
Program Direction
Supervision and Regulation
Supervision and Regulation

Stefan Gissler
Principal Economist
Systemic Financial Institutions and Markets
Research and Statistics
Research and Statistics

Olesya V. Grishchenko
Principal Economist
Monetary and Financial Market Analysis
Monetary Affairs
Monetary Affairs

Li Gu
Senior Economist
Trading and Capital Markets
Supervision and Regulation
Supervision and Regulation
H

Nathan W. Heinrich
Senior Financial Analyst
Systemic Financial Institutions and Markets
Research and Statistics
Research and Statistics

Sam Hempel
Senior Economist
Short-Term Funding Markets
Research and Statistics
Research and Statistics

Yesol Huh
Principal Economist
Risk Analysis
Research and Statistics
Research and Statistics
I

Matteo Iacoviello
Senior Associate Director
Program Direction
International Finance
International Finance

Diana A. Iercosan
Principal Economist
Trading and Capital Markets
Supervision and Regulation
Supervision and Regulation

Sebastian Infante
Chief
Money Market Analysis
Monetary Affairs
Monetary Affairs
J

Mohammad R. Jahan-Parvar
Principal Economist
International Financial Stability
International Finance
International Finance

Ruth A. Judson
Senior Economic Project Manager
Global Financial Flows
International Finance
International Finance
K

R. Jay Kahn
Senior Economist
Short-Term Funding Markets
Research and Statistics
Research and Statistics

John Kandrac
Group Manager
Financial Structure
Research and Statistics
Research and Statistics

Gazi I. Kara
Chief
Financial Stability Assessment
Financial Stability
Financial Stability

Ritt Keerati
Economist
Global Financial Flows
International Finance
International Finance

Rehim Kilic
Principal Economist
Quantitative Risk Analysis
Reserve Bank Operations and Payment Systems
Reserve Bank Operations and Payment Systems

Don H. Kim
Senior Adviser
Program Direction
Monetary Affairs
Monetary Affairs

Kyungmin Kim
Principal Economist
Money Market Analysis
Monetary Affairs
Monetary Affairs

Elizabeth K. Kiser
Senior Associate Director
Program Direction
Research and Statistics
Research and Statistics

Yuriy Kitsul
Principal Economist
Global Financial Flows
International Finance
International Finance

Elizabeth C. Klee
Senior Associate Director
Program Direction
Financial Stability
Financial Stability

Anya V. Kleymenova
Manager
Stress Testing
Supervision and Regulation
Supervision and Regulation

John R. Krainer
Manager
Stress Testing
Supervision and Regulation
Supervision and Regulation

Seung Kwak
Senior Economist
Financial Intermediaries Analysis
Monetary Affairs
Monetary Affairs
L

Jeongmin "Mina" Lee
Senior Economist
Systemic Financial Institutions and Markets
Research and Statistics
Research and Statistics

Seung Jung Lee
Deputy Associate Director
Program Direction
Financial Stability
Financial Stability

Andreas Lehnert
Director
Program Direction
Financial Stability
Financial Stability

Kurt F. Lewis
Principal Economist
Monetary Studies
Monetary Affairs
Monetary Affairs

Canlin Li
Senior Economic Project Manager
Global Financial Markets
International Finance
International Finance

Dan Li
Assistant Director
Program Direction
Monetary Affairs
Monetary Affairs

Yi Li
Principal Economist
Short-Term Funding Markets
Research and Statistics
Research and Statistics

Laura Lipscomb
Deputy Associate Director
Program Direction
Monetary Affairs
Monetary Affairs
M

Sai Ma
Senior Economist
International Financial Stability
International Finance
International Finance

Patrick E. McCabe
Deputy Associate Director
Program Direction
Research and Statistics
Research and Statistics

Andrew C. Meldrum
Assistant Director
Program Direction
Monetary Affairs
Monetary Affairs

Marco Migueis
Principal Economist
Banking, Credit and Operational Risk
Supervision and Regulation
Supervision and Regulation

David C. Mills
Senior Associate Director
Program Direction
Reserve Bank Operations and Payment Systems
Reserve Bank Operations and Payment Systems

Zach Modig
Lead Fin Inst Policy Analyst
Policy - Policy Research and Analytics
Supervision and Regulation
Supervision and Regulation

Michele Modugno
Chief
Financial and Macroeconomic Stability Studies
Financial Stability
Financial Stability
N

Gaston M. Navarro
Principal Economist
Trade and Financial Studies
International Finance
International Finance

Travis D. Nesmith
Assistant Director
Quantitative Risk Analysis
Reserve Bank Operations and Payment Systems
Reserve Bank Operations and Payment Systems

Borghan N. Narajabad
Chief
Systemic Financial Institutions and Markets
Research and Statistics
Research and Statistics
O

Dong Hwan Oh
Senior Economist
Quantitative Risk Analysis
Reserve Bank Operations and Payment Systems
Reserve Bank Operations and Payment Systems

Anna Orlik
Principal Economist
Monetary Studies
Monetary Affairs
Monetary Affairs
P

Teodora Paligorova
Principal Economist
Financial Institution Risk Evaluation
Financial Stability
Financial Stability

Michael G. Palumbo
Senior Associate Director
Program Direction
Research and Statistics
Research and Statistics

Yang-Ho Park
Principal Economist
Risk Analysis
Research and Statistics
Research and Statistics

Matthias O. Paustian
Assistant Director
Program Direction
Research and Statistics
Research and Statistics

Karen M. Pence
Deputy Associate Director
Program Direction
Research and Statistics
Research and Statistics

Ander Perez-Orive
Principal Economist
Macro-Financial Analysis
Monetary Affairs
Monetary Affairs

Lubomir Petrasek
Chief
Financial Intermediaries Analysis
Monetary Affairs
Monetary Affairs

Valery Polkovnichenko
Principal Economist
Risk Analysis
Research and Statistics
Research and Statistics

Charles D. Press
Senior Quantitative Analyst II
Supervision - Stress Testing
Supervision and Regulation
Supervision and Regulation

Andrea Prestipino
Senior Economist
Global Modeling Studies
International Finance
International Finance

Michael V. Pykhtin
Manager
Trading and Capital Markets
Supervision and Regulation
Supervision and Regulation
R

Carlos A. Ramírez
Senior Economist
Systemic Financial Institutions and Markets
Research and Statistics
Research and Statistics

Andreas C. Rapp
Principal Economist
International Financial Stability
International Finance
International Finance

David E. Rappoport
Principal Economist
Macroprudential Policy Analysis
Financial Stability
Financial Stability

Nelson P. Rayl
Quantitative Analyst
Stress Testing
Supervision and Regulation
Supervision and Regulation

Bryan J. Ricketts
Fin Inst Policy Analyst III
Supervision - Large Institution Supervisory Coordinating Committee
Supervision and Regulation
Supervision and Regulation

Marius Rodriguez
Group Manager
Monetary and Financial Market Analysis
Monetary Affairs
Monetary Affairs

Doriana Ruffino
Assistant Director
Stress Testing
Supervision and Regulation
Supervision and Regulation
S

Mehrdad Samadi
Principal Economist
Global Financial Markets
International Finance
International Finance

Monica Valentina Sanz
Advisor
Program Direction
International Finance
International Finance

Zack Saravay
Senior Fin Inst Policy Analyst I
Financial Intermediaries Analysis
Monetary Affairs
Monetary Affairs

Cisil Sarisoy
Senior Economist
Global Financial Markets
International Finance
International Finance

Bernd Schlusche
Principal Economist
Money Market Analysis
Monetary Affairs
Monetary Affairs

Andres Schneider
Economist
Financial and Macroeconomic Stability Studies
Financial Stability
Financial Stability

Krista Schwarz
Principal Economist
Money Market Analysis
Monetary Affairs
Monetary Affairs

Zeynep Senyuz
Deputy Associate Director
Program Direction
Monetary Affairs
Monetary Affairs

Chaehee Shin
Principal Economist
Financial Stability Assessment
Financial Stability
Financial Stability

Jae W. Sim
Principal Economist
Macroeconomic and Quantitative Studies
Research and Statistics
Research and Statistics

Paul A. Smith
Deputy Associate Director
Program Direction
Research and Statistics
Research and Statistics

Michael Smolyansky
Principal Economist
Capital Markets
Research and Statistics
Research and Statistics

Viktors Stebunovs
Deputy Associate Director
Program Direction
International Finance
International Finance

Irina Stefanescu
Group Manager
Flow of Funds
Research and Statistics
Research and Statistics

Mary-Frances Styczynski
Lead Fin Inst Policy Analyst
Monetary Policy Operations and Analysis
Monetary Affairs
Monetary Affairs

Gustavo A. Suarez
Deputy Associate Director
Program Direction
Research and Statistics
Research and Statistics

Nathan Swem
Principal Economist
Financial Stability Assessment
Financial Stability
Financial Stability

Pawel J. Szerszen
Principal Economist
Risk Analysis
Research and Statistics
Research and Statistics
T

Hiroatsu Tanaka
Principal Economist
Monetary and Financial Market Analysis
Monetary Affairs
Monetary Affairs

Manjola Tase
Principal Economist
Money Market Analysis
Monetary Affairs
Monetary Affairs

Thiago R. T. Ferreira
Group Manager
Advanced Foreign Economies
International Finance
International Finance

Tugkan Tuzun
Principal Economist
Capital Markets
Research and Statistics
Research and Statistics
U

Pinar Uysal
Principal Economist
Global Financial Institutions
International Finance
International Finance
V

Stéphane Verani
Principal Economist
Systemic Financial Institutions and Markets
Research and Statistics
Research and Statistics

Diego Vilán
Senior Economist
Macroeconomic and Quantitative Studies
Research and Statistics
Research and Statistics

Bastian von Beschwitz
Chief
Global Financial Markets
International Finance
International Finance
W

Martin M. Waibel
Economist
Financial Intermediaries Analysis
Monetary Affairs
Monetary Affairs

Ashley Wang
Assistant Director
Program Direction
Research and Statistics
Research and Statistics

Colin R. Weiss
Principal Economist
Global Financial Flows
International Finance
International Finance

Kirstin E. Wells
Principal Economist
FedNow Oversight Coordination and Strategy
Reserve Bank Operations and Payment Systems
Reserve Bank Operations and Payment Systems

Isabella M. Wolfskeil
Economist
International Financial Stability
International Finance
International Finance
X

Ines M. Xavier
Economist
Macro-Financial Analysis
Monetary Affairs
Monetary Affairs
Y

Ram S. Yamarthy
Senior Economist
Capital Markets
Research and Statistics
Research and Statistics

Jie Yang
Group Manager
Capital Markets
Research and Statistics
Research and Statistics

Emre Yoldas
Deputy Associate Director
Program Direction
International Finance
International Finance

Youngsuk Yook
Principal Economist
Flow of Funds
Research and Statistics
Research and Statistics
Z

David L. Zeke
Senior Economist
Capital Markets
Research and Statistics
Research and Statistics

Filip Zikes
Principal Economist
Financial Stability Assessment
Financial Stability
Financial Stability
Last Update:
April 07, 2025