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.
The Division of Monetary Affairs supports the Board and the Federal Open Market Committee (FOMC) in their monetary policy deliberations by preparing research and analysis in the fields of finance, money and banking, and monetary policy design and implementation. The Division also assists the Board and FOMC in preparing policy communications, maintains records of FOMC deliberations and decisions, and produces monetary and financial data. In addition, the Division contributes to the Board’s supervisory, regulatory, and financial stability functions.
Financial Intermediaries Analysis
FIA provides policy analysis and engages in long-term research on:
• The nexus between the evolving nature of financial intermediation, especially in the so-called shadow banking sector, and the transmission channels of monetary policy;
• The impact on financial conditions of the provision of credit and leverage in dealer-intermediated markets, focusing on the interactions between dealers firms and financial institutions outside the traditional banking system, such as hedge funds, asset managers, and private equity firms;
• The conditions of financial institutions serving as Federal Reserve's counterparties in the implementation of monetary policy;
• The role of financial institutions in financial stability and the impact of regulations on these financial institutions.