Division of Monetary Affairs

Board of Governors of the Federal Reserve System

Division of Monetary Affairs

June 1, 2025

Director, Trevor Reeve

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Deputy Director, Elizabeth Klee

Senior Advisor, Rochelle Edge

Senior Associate Director, Margaret DeBoer

Deputy Associate Director, Karen Brooks
  • Reserves Function Management
Deputy Associate Director, Laura Lipscomb1
  • Monetary Policy Operations and Analysis, Matt Malloy, Chief

Senior Associate Director, Min Wei

Adviser, Mark Carlson
Banking and Financial Analysis, Felicia Ionescu, Chief
Deputy Associate Director, Dan Li
  • Financial Intermediaries Analysis, Lubomir Petrasek, Chief

Senior Associate Director, David Bowman

Senior Adviser, Jane Ihrig2
Associate Director, Christopher Gust
Deputy Associate Director, Zeynep Senyuz3
  • Money Market Analysis4, Sebastian Infante Bilbao, Chief
Assistant Director, Benjamin Johannsen
  • Monetary Studies,5 Edward Herbst Chief
Senior Adviser, Robert Tetlow6

Deputy Director, Michael Kiley 7

Senior Associate Director, David Lopez‑Salido

Deputy Associate Director, Giovanni Favara
  • Macro-Financial Analysis, Andrea Ajello, Chief

Senior Adviser, Annette Vissing‑Jorgensen

Associate Director, Eric Engstrom8

Deputy Associate Director, Andrew Meldrum
  • Monetary and Financial Market Analysis, Edith Liu, Chief
Senior Adviser, Don Kim

Deputy Director, Nelly Ramdass

Senior Associate Director, Katherine Sickbert

  • Monetary Statistics and Analysis, Lena Yemelyanov, Chief
Assistant Director, Keith Kudrycki
  • User Experience and Digital Innovation, Jill Mino, Chief

Senior Associate Director, Matthew Luecke

Deputy Associate Director, Brian Bonis
  • FOMC Secretariat, Valerie Hinojosa, Chief

Deputy Associate Director, Elizabeth Marx

  • Operations and Resource Management, Rima Assiryani, Chief

Front Office, Nicole Haroon, Chief

Secretary of the FOMC, Joshua Gallin

Senior Adviser, Edward Nelson

Adviser9 Kurt Lewis

Senior Advisor, Vacant

1. Laura Lipscomb is on detail to the Division of Board Members working with Governor Barr. Return to text.

2. Jane Ihrig is on detail to the Division of Board Members working with Governor Waller. Return to text.

3. Zeynep Senyuz is on detail to the Division of Board Members working with Vice Chair Jefferson. Return to text.

4. Money Market Analysis reports to Christopher Gust to David Bowman to Elizabeth Klee. Return to text.

5. Monetary Studies reports to Benjamin Johannsen to Christopher Gust to David Lopez-Salido to Michael Kiley. Return to text.

6. Robert Tetlow reports to Christopher Gust to David Lopez-Salido to Michael Kiley. Return to text.

7. Michael Kiley is also a Special Adviser to the Board reporting directly to Michelle Smith in BDM. Return to text.

8. Eric Engstrom also has Associate Director responsibility in the Division of Research and Statistics. Return to text.

9. Kurt Lewis is on detail to the Division of Board Members working for Chair Powell. Return to text.

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Last Update: July 01, 2025