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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Field of Interest:

Monetary Affairs

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.

Banking and Financial Analysis

The Banking and Financial Analysis (BFA) Section conducts current analysis and longer-term research on the role of banks in the U.S. financial system and economy in support of Board and FOMC monetary policy-making deliberations. Section staff analyze the supply of and demand for bank-intermediated credit, bank funding patterns, and the way in which policy-induced changes in short-term interest rates and the Fed's balance sheet influence such intermediation activities, taking into account the evolving regulatory environment. Section staff also engage in a variety of longer-term projects regarding the interaction of the banking sector and the broader financial markets and real economy that are relevant for the design, implementation, and transmission of monetary policy, as well as monetary policy's possible influence on financial stability.

Photo of David P. Glancy
David P. Glancy Economist Banking and Financial Analysis
Monetary Affairs

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Robert J. Kurtzman Economist Banking and Financial Analysis
Monetary Affairs

Photo of Marcelo Rezende
Marcelo Rezende Principal Economist Banking and Financial Analysis
Monetary Affairs

Photo of Maya O. Shaton
Maya O. Shaton Economist Banking and Financial Analysis
Monetary Affairs

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Judit Temesvary Senior Economist Banking and Financial Analysis
Monetary Affairs

Photo of Rebecca Zarutskie
Rebecca Zarutskie Assistant Director Program Direction
Monetary Affairs
Last update: August 20, 2018