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.

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Financial Stability

The Division of Financial Stability is responsible for coordinating and supporting the Board's work on financial stability. In conjunction with other Board divisions, the division identifies and analyzes potential threats to financial stability; monitors financial markets, institutions, and structures; and assesses and recommends policy alternatives to address these threats. In addition, the division fosters broader understanding of financial stability issues by undertaking longer term research, primarily in banking, finance, and macroeconomics.

Macroprudential Policy Analysis

The Macroprudential Policy Analysis section is primarily responsible for research on the ability of macroprudential policies to foster financial stability and to contribute to the implementation of policies and tools.This includes developing responses to emerging threats to financial stability, including contributing a macroprudential perspective to supervisory exercises, such as stress tests and resolution planning, and contributing to regulatory reform to increase the resilience of the financial sector. Section members work with economists and professionals from other Divisions at the Board and Reserve Banks, and are expected to contribute to multi-division and multi-agency efforts to implement macroprudential policy.

Photo of Matt Darst
Matt Darst Senior Economist Macroprudential Policy Analysis
Financial Stability

Photo of Antonio Falato
Antonio Falato Senior Economist Macroprudential Policy Analysis
Financial Stability

Photo of Antonis Kotidis
Antonis Kotidis Economist Macroprudential Policy Analysis
Financial Stability

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

Photo of Alexandros Vardoulakis
Alexandros Vardoulakis Chief Macroprudential Policy Analysis
Financial Stability
Last update: February 22, 2021