Division of Research & Statistics

Board of Governors of the Federal Reserve System

December 28, 2025

Director, Stacey Tevlin

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Deputy Director, Daniel Covitz

Senior Associate Director, Michael Palumbo

Deputy Associate Director, Clara Vega
Assistant Director, Marco Cagetti
  • Flow of Funds, Maria Perozek, Chief
Associate Director, Eric Engstrom1
Deputy Associate Director, Gustavo Suarez
  • Capital Markets, Francisco Palomino, Chief
Deputy Associate Director, Patrick McCabe
Assistant Director, Ashley Wang
  • Short-Term Funding Markets, Vacant, Chief

Senior Associate Director, Elizabeth Kiser

Deputy Associate Director, Karen Pence
Assistant Director, Kevin Moore
  • Micro-Economic Surveys, Alice Volz, Chief
Associate Director, Shane Sherlund
Assistant Director, Jacob Gramlich
  • Financial Structure, Cecilia Caglio, Chief
Assistant Director, Geng Li
  • Consumer Finance, Kamila Sommer, Chief

Senior Associate Director, Burcu Duygan‑Bump

Assistant Director, Celso Brunetti
  • Systemic Financial Institutions & Markets, Borghan Narajabad, Chief
Deputy Associate Director, Raven Molloy2
  • Real Estate Finance, Elliot Anenberg, Chief
Deputy Associate Director, Erik Heitfield
  • Risk Analysis, Michael Gordy, Chief

Deputy Director, Jeffrey Campione

Senior Associate Director, Nicole Bennett

Deputy Associate Director, Paul Smith
Assistant Director, Debbie Flores
  • Administration, David Goodman, Chief
Assistant Director, Binoy Agarwal
Advanced Research Computing
Deputy Associate Director, Shawn Buckner
Application Design & Development3, Kenneth Gross, Chief
Program Direction Office4, Kimberly Bayard, Chief

Deputy Director, William Wascher

Senior Associate Director, John Stevens

Associate Director, Timothy Mullen
  • Data Architecture, Technology, & Analytics5, Brent Han, Chief
Assistant Director, Karen Krugman
  • Research Library5, Christine Black, Chief

Senior Associate Director, Stephanie Aaronson

Associate Director, Norman Morin
Assistant Director, Christopher Kurz
  • Industrial Output6, Ryan Decker, Chief
Assistant Director, Gianni Amisano
  • Current Macro-Economic Conditions7, Travis Berge, Chief
Assistant Director, Matthias Paustian
  • Macro-Economic Quantitative Studies, Hess Chung, Chief

Senior Associate Director, Eric Engen

Associate Director, Glenn Follette
Deputy Associate Director, Byron Lutz
  • Fiscal Analysis, Will Peterman, Chief
Deputy Associate Director, Paul Lengermann
  • Household & Business Spending, Andrew Paciorek, Chief
Adviser, Wendy Dunn

Senior Associate Director, Andrew Figura

Labor Markets, Ivan Vidangos, Chief
Assistant Director, Ekaterina Peneva, Chief
Prices & Wages,

Senior Adviser, Charles Fleischman

Senior Adviser, Jeremy Rudd

Unassigned8, Vacant

Unassigned8

Unassigned8

Unassigned8

1. Eric Engstrom also has Senior Associate Director responsibility in the Division of Monetary Affairs. Return to text.

2. Raven Molloy also serves as an adviser on the nonfinancial branch of the division. Return to text.

3. ADD reports through Shawn Buckner to Nicole Bennett. Return to text.

4. PDO reports through Shawn Buckner to Stacey Tevlin. Return to text.

5. DATA and RL report through John Stevens to Jeffrey Campione. Return to text.

6. IO reports through Norman Morin and John Stevens to William Wascher. Return to text.

7. CMC reports through Norman Morin and Stephanie Aaronson to William Wascher. Return to text.

8. Unassigned officer position, responsibilities, level, title, and reporting relationship to be established at a later date.Return to text.

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Last Update: January 02, 2026