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.

Last Name:
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Field of Interest:
Division:

Macroeconomics

Field:
Macroeconomics
A
Photo of Miguel Acosta
Miguel Acosta Economist Trade and Financial Studies
International Finance
Photo of Elena Afanasyeva
Elena Afanasyeva Senior Economist Financial and Macroeconomic Stability Studies
Financial Stability
Photo of Shaghil Ahmed
Shaghil Ahmed Deputy Director Program Direction
International Finance
Photo of Hie Joo Ahn
Hie Joo Ahn Senior Economist Current Macroeconomic Conditions
Research and Statistics
Photo of Andrea Ajello
Andrea Ajello Chief Macro-Financial Analysis
Monetary Affairs
Image of Board Seal
Harun Alp Economist Advanced Foreign Economies
International Finance
Photo of Levent Altinoglu
Levent Altinoglu Senior Economist Financial and Macroeconomic Stability Studies
Financial Stability
Photo of Gianni G. Amisano
Gianni G. Amisano Assistant Director Program Direction
Research and Statistics
Image of Board Seal
Maria Aristizabal-Ramirez Economist Emerging Market Economies
International Finance
Photo of David M. Arseneau
David M. Arseneau Assistant Director Program Direction
Financial Stability
Photo of Sina T. Ates
Sina T. Ates Principal Economist Emerging Market Economies
International Finance

B
Photo of Alessandro Barbarino
Alessandro Barbarino Principal Economist Current Macroeconomic Conditions
Research and Statistics
Photo of Bence A. Bardoczy
Bence A. Bardoczy Economist Macroeconomic and Quantitative Studies
Research and Statistics
Photo of Daniel O. Beltran
Daniel O. Beltran Deputy Associate Director Program Direction
International Finance
Photo of Travis J. Berge
Travis J. Berge Principal Economist Current Macroeconomic Conditions
Research and Statistics
Photo of Brett D. Berger
Brett D. Berger Adviser Program Direction
International Finance
Photo of Mark J. Bognanni
Mark J. Bognanni Senior Economist Prices and Wages
Research and Statistics
Photo of David Bowman
David Bowman Senior Associate Director Program Direction
Monetary Affairs
Photo of Eirik E. Brandsaas
Eirik E. Brandsaas Economist Household and Business Spending
Research and Statistics

C
Photo of Marco Cagetti
Marco Cagetti Assistant Director Program Direction
Research and Statistics
Photo of Colin C. Caines
Colin C. Caines Senior Economist Emerging Market Economies
International Finance
Image of Board Seal
Isabel Cairó Principal Economist Monetary Studies
Monetary Affairs
Image of Board Seal
Tomaz Cajner Group Manager Industrial Output
Research and Statistics
Photo of Dario Caldara
Dario Caldara Chief Trade and Financial Studies
International Finance
Image of Board Seal
James A. Caldera Economist Policy Effectiveness and Assessment
Supervision and Regulation
Photo of Francesca Carapella
Francesca Carapella Principal Economist Payment System Studies
Reserve Bank Operations and Payment Systems
Photo of Danilo Cascaldi-Garcia
Danilo Cascaldi-Garcia Senior Economist Advanced Foreign Economies
International Finance
Photo of David B. Cashin
David B. Cashin Principal Economist Fiscal Analysis
Research and Statistics
Photo of Michele Cavallo
Michele Cavallo Principal Economist FOMC Secretariat
Monetary Affairs
Photo of Jin-Wook B. Chang
Jin-Wook B. Chang Senior Economist Financial Stability Assessment
Financial Stability
Photo of Han Chen
Han Chen Senior Economist Household and Business Spending
Research and Statistics
Photo of David Cho
David Cho Economist Household and Business Spending
Research and Statistics
Photo of Joonkyu Choi
Joonkyu Choi Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics
Photo of Hess T. Chung
Hess T. Chung Chief Macroeconomic and Quantitative Studies
Research and Statistics
Image of Board Seal
James A. Clouse Deputy Director Program Direction
Monetary Affairs
Photo of John M. Coglianese
John M. Coglianese Senior Economist Labor Markets
Research and Statistics
Photo of Nathan L. Converse
Nathan L. Converse Principal Economist Global Financial Flows
International Finance
Photo of Leland D. Crane
Leland D. Crane Senior Economist Industrial Output
Research and Statistics
Photo of Edmund S. Crawley
Edmund S. Crawley Economist Monetary Studies
Monetary Affairs
Photo of Pablo A. Cuba-Borda
Pablo A. Cuba-Borda Economist Global Modeling Studies
International Finance

D
Photo of Deepa Dhume Datta
Deepa Dhume Datta Chief Advanced Foreign Economies
International Finance
Photo of Andrea De Michelis
Andrea De Michelis Assistant Director Program Direction
International Finance
Photo of Francois M. de Soyres
Francois M. de Soyres Senior Economist Emerging Market Economies
International Finance
Photo of Ryan A. Decker
Ryan A. Decker Principal Economist Industrial Output
Research and Statistics
Photo of Daniel Dias
Daniel Dias Principal Economist Global Financial Institutions
International Finance
Photo of Anthony M. Diercks
Anthony M. Diercks Principal Economist Monetary and Financial Market Analysis
Monetary Affairs
Photo of Cynthia L. Doniger
Cynthia L. Doniger Senior Economist Money Market Analysis
Monetary Affairs
Photo of Brian M. Doyle
Brian M. Doyle Deputy Director Program Direction
International Finance
Photo of John C. Driscoll
John C. Driscoll Principal Economist Consumer Finance
Research and Statistics
Photo of Wendy E. Dunn
Wendy E. Dunn Adviser Program Direction
Research and Statistics
Photo of Bora Durdu
Bora Durdu Assistant Director Financial and Macroeconomic Stability Studies
Financial Stability

E
Photo of Rochelle M. Edge
Rochelle M. Edge Deputy Director Program Direction
Monetary Affairs
Photo of Eric M. Engen
Eric M. Engen Senior Associate Director Program Direction
Research and Statistics
Photo of Eric C. Engstrom
Eric C. Engstrom Associate Director Program Direction
Monetary Affairs
Photo of Neil R. Ericsson
Neil R. Ericsson Principal Economist Trade and Financial Studies
International Finance

F
Photo of Jon Faust
Jon Faust Senior Special Adviser to the Chair General Program Support
Board Members
Photo of Giovanni Favara
Giovanni Favara Assistant Director Macro-Financial Analysis
Monetary Affairs
Photo of Laura J. Feiveson
Laura J. Feiveson Chief Household and Business Spending
Research and Statistics
Photo of Francesco Ferrante
Francesco Ferrante Principal Economist Trade and Financial Studies
International Finance
Image of Board Seal
Andrew Figura Associate Director Program Direction
Research and Statistics
Photo of Giuseppe Fiori
Giuseppe Fiori Principal Economist Advanced Foreign Economies
International Finance
Photo of Aaron B. Flaaen
Aaron B. Flaaen Principal Economist Industrial Output
Research and Statistics
Photo of Charles A. Fleischman
Charles A. Fleischman Adviser Program Direction
Research and Statistics
Photo of Jean C. Flemming
Jean C. Flemming Economist Payment System Studies
Reserve Bank Operations and Payment Systems
Photo of Nathan Foley-Fisher
Nathan Foley-Fisher Principal Economist Systemic Financial Institutions and Markets
Research and Statistics
Photo of Glenn R. Follette
Glenn R. Follette Associate Director Program Direction
Research and Statistics
Photo of Cristina Fuentes-Albero
Cristina Fuentes-Albero Group Manager Macroeconomic and Quantitative Studies
Research and Statistics
Photo of Chad T. Fulton
Chad T. Fulton Senior Economist Prices and Wages
Research and Statistics

G
Photo of Etienne Gagnon
Etienne Gagnon Assistant Director Program Direction
Monetary Affairs
Photo of William L. Gamber
William L. Gamber Economist Household and Business Spending
Research and Statistics
Photo of Daniel I. Garcia Molina
Daniel I. Garcia Molina Senior Economist Household and Business Spending
Research and Statistics
Photo of Joaquin Garcia-Cabo
Joaquin Garcia-Cabo Senior Economist Advanced Foreign Economies
International Finance
Photo of David P. Glancy
David P. Glancy Senior Economist Banking and Financial Analysis
Monetary Affairs
Photo of Nils M. Gornemann
Nils M. Gornemann Senior Economist Global Modeling Studies
International Finance
Photo of Jonathan Goldberg
Jonathan Goldberg Principal Economist Macro-Financial Analysis
Monetary Affairs
Image of Board Seal
Sebastian H. Graves Economist Trade and Financial Studies
International Finance
Photo of Luca Guerrieri
Luca Guerrieri Deputy Associate Director Program Direction
Financial Stability
Photo of Christopher J. Gust
Christopher J. Gust Deputy Associate Director Program Direction
Monetary Affairs

H
Photo of Jasper Hoek
Jasper Hoek Assistant Director Program Direction
International Finance
Photo of Kirstin Hubrich
Kirstin Hubrich Principal Economist Program Direction
Research and Statistics
Image of Board Seal
Christopher Huckfeldt Senior Economist Global Modeling Studies
International Finance
Image of Board Seal
Jeffrey W. Huther Senior Economic Project Manager Program Direction
Monetary Affairs

I
Photo of Matteo Iacoviello
Matteo Iacoviello Associate Director Program Direction
International Finance
Image of Board Seal
Felicia F. Ionescu Chief Banking and Financial Analysis
Monetary Affairs
Photo of Anni T. Isojaervi
Anni T. Isojaervi Economist Financial and Macroeconomic Stability Studies
Financial Stability

J
Photo of Margaret M. Jacobson
Margaret M. Jacobson Economist Monetary Studies
Monetary Affairs
Photo of Benjamin K. Johannsen
Benjamin K. Johannsen Chief Monetary Studies
Monetary Affairs
Photo of Callum J. Jones
Callum J. Jones Senior Economist Monetary Studies
Monetary Affairs

K
Photo of Benjamin S. Kay
Benjamin S. Kay Principal Economist Policy Effectiveness and Assessment
Supervision and Regulation
Photo of Michael T. Kiley
Michael T. Kiley Deputy Director Program Direction
Financial Stability
Image of Board Seal
Yuriy Kitsul Chief Global Capital Markets
International Finance
Photo of Matthew T. Klepacz
Matthew T. Klepacz Senior Economist Trade and Quantitative Studies
International Finance
Photo of Niklas Kroner
Niklas Kroner Economist Global Monetary and Sovereign Markets
International Finance
Image of Board Seal
Robert J. Kurtzman Principal Economist Flow of Funds
Research and Statistics
Photo of Christopher J. Kurz
Christopher J. Kurz Assistant Director / Chief Industrial Output
Research and Statistics

L
Image of Board Seal
Jean-Philippe Laforte Group Manager Macroeconomic and Quantitative Studies
Research and Statistics
Photo of David E. Lebow
David E. Lebow Senior Associate Director Program Direction
Research and Statistics
Photo of Andreas Lehnert
Andreas Lehnert Director Program Direction
Financial Stability
Photo of Paul Lengermann
Paul Lengermann Assistant Director Program Direction
Research and Statistics
Photo of Antoine Lepetit
Antoine Lepetit Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics
Image of Board Seal
Kurt F. Lewis Principal Economist Monetary Studies
Monetary Affairs
Image of Board Seal
Logan T. Lewis Chief Trade and Quantitative Studies
International Finance
Photo of Geng Li
Geng Li Assistant Director Program Direction
Research and Statistics
Photo of J David Lopez-Salido
J David Lopez-Salido Associate Director Program Direction
Monetary Affairs
Photo of Francesca Loria
Francesca Loria Senior Economist Macro-Financial Analysis
Monetary Affairs

M
Photo of Sai Ma
Sai Ma Senior Economist International Financial Stability
International Finance
Photo of Enrico Mallucci
Enrico Mallucci Principal Economist International Financial Stability
International Finance
Photo of Todd E. Messer
Todd E. Messer Economist Global Financial Institutions
International Finance
Photo of David S. Miller
David S. Miller Principal Economist Macroeconomic and Quantitative Studies
Research and Statistics
Photo of Carter B. Mix
Carter B. Mix Economist Trade and Quantitative Studies
International Finance
Photo of Michele Modugno
Michele Modugno Chief Financial and Macroeconomic Stability Studies
Financial Stability
Photo of Joshua K. Montes
Joshua K. Montes Principal Economist Labor Markets
Research and Statistics
Photo of Camilo Morales-Jimenez
Camilo Morales-Jimenez Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics
Photo of Juan M. Morelli
Juan M. Morelli Economist Banking and Financial Analysis
Monetary Affairs
Photo of Norman J. Morin
Norman J. Morin Deputy Associate Director Program Direction
Research and Statistics
Image of Board Seal
Seth M. Murray Economist Labor Markets
Research and Statistics

N
Photo of Gaston M. Navarro
Gaston M. Navarro Principal Economist Trade and Financial Studies
International Finance
Photo of Christopher J. Nekarda
Christopher J. Nekarda Principal Economist Labor Markets
Research and Statistics
Photo of Edward Nelson
Edward Nelson Senior Adviser Program Direction
Monetary Affairs
Photo of Borghan N. Narajabad
Borghan N. Narajabad Chief Systemic Financial Institutions and Markets
Research and Statistics
Photo of Giovanni Nicolò
Giovanni Nicolò Senior Economist Monetary Studies
Monetary Affairs

O
Image of Board Seal
Marcelo Ochoa Economist Monetary and Financial Market Analysis
Monetary Affairs
Photo of Hyunseung Oh
Hyunseung Oh Senior Economist Advanced Foreign Economies
International Finance
Image of Board Seal
Musa Orak Senior Economist Advanced Foreign Economies
International Finance
Image of Board Seal
Jake D. Orchard Economist Prices and Wages
Research and Statistics
Image of Board Seal
Anna Orlik Principal Economist Monetary Studies
Monetary Affairs
Photo of Julio L. Ortiz
Julio L. Ortiz Economist Advanced Foreign Economies
International Finance

P
Photo of Dino Palazzo
Dino Palazzo Principal Economist Capital Markets
Research and Statistics
Photo of Nathan M. Palmer
Nathan M. Palmer Senior Economist Banking, Credit and Operational Risk
Supervision and Regulation
Photo of Francisco Palomino
Francisco Palomino Chief Capital Markets
Research and Statistics
Photo of Michael G. Palumbo
Michael G. Palumbo Senior Associate Director Program Direction
Research and Statistics
Photo of Matthias O. Paustian
Matthias O. Paustian Assistant Director Program Direction
Research and Statistics
Photo of Ekaterina Peneva
Ekaterina Peneva Chief Prices and Wages
Research and Statistics
Photo of Ander Perez-Orive
Ander Perez-Orive Principal Economist Macro-Financial Analysis
Monetary Affairs
Photo of William B. Peterman
William B. Peterman Chief Fiscal Analysis
Research and Statistics
Photo of Damjan Pfajfar
Damjan Pfajfar Group Manager Monetary Studies
Monetary Affairs
Photo of Eugénio Pinto
Eugénio Pinto Principal Economist Household and Business Spending
Research and Statistics
Photo of Ignacio Presno
Ignacio Presno Principal Economist Global Modeling Studies
International Finance
Photo of Andrea Prestipino
Andrea Prestipino Senior Economist Global Modeling Studies
International Finance

Q
Photo of Albert Queralto
Albert Queralto Principal Economist Global Modeling Studies
International Finance

R
Photo of David E. Rappoport
David E. Rappoport Principal Economist Macroprudential Policy Analysis
Financial Stability
Photo of David D. Ratner
David D. Ratner Principal Economist Fiscal Analysis
Research and Statistics
Image of Board Seal
Trevor A. Reeve Director Program Direction
Monetary Affairs
Photo of Patrice T. Robitaille
Patrice T. Robitaille Senior Economist Emerging Market Economies
International Finance
Image of Board Seal
Chase P. Ross Economist Macroprudential Policy Analysis
Financial Stability
Photo of Gisela Rua
Gisela Rua Principal Economist Industrial Output
Research and Statistics
Image of Board Seal
Jeremy Rudd Senior Adviser Program Direction
Research and Statistics
Image of Board Seal
Romina D. Ruprecht Economist Money Market Analysis
Monetary Affairs

S
Photo of Erick Sager
Erick Sager Senior Economist Prices and Wages
Research and Statistics
Photo of Andres Schneider
Andres Schneider Economist Financial and Macroeconomic Stability Studies
Financial Stability
Photo of Zeynep Senyuz
Zeynep Senyuz Deputy Associate Director Program Direction
Monetary Affairs
Image of Board Seal
Michael Siemer Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics
Image of Board Seal
Jae W. Sim Principal Economist Macroeconomic and Quantitative Studies
Research and Statistics
Photo of Arsenios Skaperdas
Arsenios Skaperdas Economist Money Market Analysis
Monetary Affairs
Image of Board Seal
Simon C. Smith Senior Economist Prices and Wages
Research and Statistics
Photo of Michael Smolyansky
Michael Smolyansky Senior Economist Capital Markets
Research and Statistics
Photo of Mariano A. Somale
Mariano A. Somale Economist Advanced Foreign Economies
International Finance
Photo of Kamila Sommer
Kamila Sommer Chief Consumer Finance
Research and Statistics
Image of Board Seal
Viktors Stebunovs Deputy Associate Director Program Direction
International Finance
Photo of Andrea Stella
Andrea Stella Principal Economist Current Macroeconomic Conditions
Research and Statistics
Photo of John J. Stevens
John J. Stevens Senior Associate Director Program Direction
Research and Statistics
Photo of Brad E. Strum
Brad E. Strum Principal Economist Prices and Wages
Research and Statistics
Image of Board Seal
Balint Szoke Economist Macro-Financial Analysis
Monetary Affairs

T
Photo of Hiroatsu Tanaka
Hiroatsu Tanaka Senior Economist Monetary and Financial Market Analysis
Monetary Affairs
Photo of Manjola Tase
Manjola Tase Principal Economist Money Market Analysis
Monetary Affairs
Photo of Thiago R. T. Ferreira
Thiago R. T. Ferreira Principal Economist Advanced Foreign Economies
International Finance
Photo of Robert J. Tetlow
Robert J. Tetlow Senior Adviser Program Direction
Monetary Affairs
Photo of Stacey Tevlin
Stacey Tevlin Director Program Direction
Research and Statistics
Photo of Yannick Timmer
Yannick Timmer Senior Economist Macro-Financial Analysis
Monetary Affairs
Image of Board Seal
Andreas Tischbirek Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics
Photo of Maria D. Tito
Maria D. Tito Group Manager Industrial Output
Research and Statistics

U
Photo of Pinar Uysal
Pinar Uysal Senior Economist Global Financial Institutions
International Finance

V
Photo of Skander Van den Heuvel
Skander Van den Heuvel Associate Director Program Direction
Financial Stability
Photo of Alexandros Vardoulakis
Alexandros Vardoulakis Chief Macroprudential Policy Analysis
Financial Stability
Photo of Francisco Vazquez-Grande
Francisco Vazquez-Grande Principal Economist Macro-Financial Analysis
Monetary Affairs
Image of Board Seal
Stéphane Verani Principal Economist Systemic Financial Institutions and Markets
Research and Statistics
Photo of Ivan Vidangos
Ivan Vidangos Chief Labor Markets
Research and Statistics
Photo of Diego Vilán
Diego Vilán Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics
Photo of Sergio Villalvazo
Sergio Villalvazo Economist Financial and Macroeconomic Stability Studies
Financial Stability
Photo of Daniel J. Vine
Daniel J. Vine Principal Economist Prices and Wages
Research and Statistics

W
Photo of William L. Wascher
William L. Wascher Deputy Director Program Direction
Research and Statistics
Photo of Min Wei
Min Wei Senior Associate Director Program Direction
Monetary Affairs
Image of Board Seal
Beth Anne Wilson Director Program Direction
International Finance
Photo of Fabian Winkler
Fabian Winkler Principal Economist Monetary Studies
Monetary Affairs

X
Photo of Ines M. Xavier
Ines M. Xavier Economist Macro-Financial Analysis
Monetary Affairs

Y
Photo of Choongryul Yang
Choongryul Yang Economist Prices and Wages
Research and Statistics
Photo of Emre Yoldas
Emre Yoldas Assistant Director Program Direction
International Finance

Z
Photo of Mike Zabek
Mike Zabek Senior Economist Consumer and Community Development Research
Consumer and Community Affairs
Photo of Rebecca Zarutskie
Rebecca Zarutskie Deputy Associate Director Program Direction
Monetary Affairs
Image of Board Seal
Tony Zhang Economist Global Monetary and Sovereign Markets
International Finance
Photo of Molin Zhong
Molin Zhong Principal Economist Financial and Macroeconomic Stability Studies
Financial Stability
Last update: September 26, 2022