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 Elena Afanasyeva
Elena Afanasyeva Economist Financial and Macroeconomic Stability Studies
Financial Stability
Photo of Shaghil Ahmed
Shaghil Ahmed Senior Associate 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 Principal Economist Macro-Financial Analysis
Monetary Affairs
Photo of Levent Altinoglu
Levent Altinoglu Economist Financial and Macroeconomic Stability Studies
Financial Stability
Photo of Gianni G. Amisano
Gianni G. Amisano Chief Current Macroeconomic Conditions
Research and Statistics
Photo of David M. Arseneau
David M. Arseneau Chief Macroprudential Policy Analysis
Financial Stability
Photo of Sina T. Ates
Sina T. Ates Economist Emerging Market Economies
International Finance

B
Photo of Alessandro Barbarino
Alessandro Barbarino Economist Current Macroeconomic Conditions
Research and Statistics
Photo of Daniel O. Beltran
Daniel O. Beltran Chief Global Financial Flows
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 Antulio N. Bomfim
Antulio N. Bomfim Special Adviser to the Chairman General Program Support
Office of Board Members
Photo of David Bowman
David Bowman Senior Associate Director Program Direction
Monetary Affairs

C
Photo of Marco Cagetti
Marco Cagetti Chief Flow of Funds
Research and Statistics
Photo of Colin C. Caines
Colin C. Caines Economist Emerging Market Economies
International Finance
Photo of Isabel Cairo
Isabel Cairo Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics
Image of Board Seal
Tomaz Cajner Principal Economist Labor Markets
Research and Statistics
Photo of Dario Caldara
Dario Caldara Principal Economist Trade and Financial Studies
International Finance
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 Economist Advanced Foreign Economies
International Finance
Photo of David B. Cashin
David B. Cashin Senior Economist Fiscal Analysis
Research and Statistics
Photo of Michele Cavallo
Michele Cavallo Chief Money Market Analysis
Monetary Affairs
Image of Board Seal
Jin-Wook B. Chang Economist Financial Stability Assessment
Financial Stability
Photo of Han Chen
Han Chen Senior Economist Current Macroeconomic Conditions
Research and Statistics
Photo of David Cho
David Cho Economist Household and Business Spending
Research and Statistics
Photo of Joonkyu Choi
Joonkyu Choi Economist Macroeconomic and Quantitative Studies
Research and Statistics
Photo of Hess T. Chung
Hess T. Chung Principal Economist Macroeconomic and Quantitative Studies
Research and Statistics
Photo of James A. Clouse
James A. Clouse Deputy Director Program Direction
Monetary Affairs
Photo of John M. Coglianese
John M. Coglianese 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 Andrea De Michelis
Andrea De Michelis Chief Advanced Foreign Economies
International Finance
Photo of Francois M. de Soyres
Francois M. de Soyres Economist Emerging Market Economies
International Finance
Photo of Ryan A. Decker
Ryan A. Decker Senior 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 Senior Economist Monetary and Financial Market Analysis
Monetary Affairs
Photo of Cynthia L. Doniger
Cynthia L. Doniger Economist Monetary Studies
Monetary Affairs
Photo of Brian M. Doyle
Brian M. Doyle Senior Associate Director Program Direction
International Finance
Photo of John C. Driscoll
John C. Driscoll Principal Economist Consumer Finance
Research and Statistics
Image of Board Seal
Wendy E. Dunn Principal Economist Household and Business Spending
Research and Statistics
Photo of Bora Durdu
Bora Durdu Chief 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 Adviser Program Direction
Research and Statistics
Photo of Neil R. Ericsson
Neil R. Ericsson Principal Economist Trade and Financial Studies
International Finance

F
Photo of Giovanni Favara
Giovanni Favara Chief Macro-Financial Analysis
Monetary Affairs
Photo of Laura J. Feiveson
Laura J. Feiveson Principal Economist Household and Business Spending
Research and Statistics
Photo of Francesco Ferrante
Francesco Ferrante Senior Economist Trade and Financial Studies
International Finance
Image of Board Seal
Andrew Figura Assistant Director Program Direction
Research and Statistics
Photo of Aaron B. Flaaen
Aaron B. Flaaen Senior Economist Industrial Output
Research and Statistics
Photo of Charles A. Fleischman
Charles A. Fleischman Chief Labor Markets
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 Assistant Director Program Direction
Research and Statistics
Photo of Cristina Fuentes-Albero
Cristina Fuentes-Albero Economist Macroeconomic and Quantitative Studies
Research and Statistics
Photo of Chad T. Fulton
Chad T. Fulton Economist Prices and Wages
Research and Statistics

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

H
Photo of Jasper Hoek
Jasper Hoek Chief Emerging Market Economies
International Finance
Photo of Kirstin Hubrich
Kirstin Hubrich Chief Prices and Wages
Research and Statistics
Image of Board Seal
Jeffrey W. Huther Chief Money Market Analysis
Monetary Affairs

I
Photo of Matteo Iacoviello
Matteo Iacoviello Deputy Associate Director Trade and Financial Studies
International Finance
Image of Board Seal
Felicia F. Ionescu Chief Banking and Financial Analysis
Monetary Affairs

J
Photo of Kasper Joergensen
Kasper Joergensen Economist Monetary and Financial Market Analysis
Monetary Affairs
Photo of Benjamin K. Johannsen
Benjamin K. Johannsen Principal Economist Monetary Studies
Monetary Affairs

K
Photo of Benjamin S. Kay
Benjamin S. Kay Senior 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
Image of Board Seal
Robert J. Kurtzman Economist Banking and Financial Analysis
Monetary Affairs
Photo of Christopher J. Kurz
Christopher J. Kurz 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 Thomas Laubach
Thomas Laubach Director Program Direction
Monetary Affairs
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 Household and Business Spending
Research and Statistics
Photo of Antoine Lepetit
Antoine Lepetit Economist Macroeconomic and Quantitative Studies
Research and Statistics
Image of Board Seal
Kurt F. Lewis Principal Economist Macro-Financial Analysis
Monetary Affairs
Image of Board Seal
Logan T. Lewis Principal Economist Trade and Quantitative Studies
International Finance
Photo of Geng Li
Geng Li Chief Consumer Finance
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 Economist Household and Business Spending
Research and Statistics
Photo of Matteo Luciani
Matteo Luciani Senior Economist Prices and Wages
Research and Statistics

M
Photo of Sai Ma
Sai Ma Economist International Financial Stability
International Finance
Photo of Marco Macchiavelli
Marco Macchiavelli Senior Economist Short-Term Funding Markets
Research and Statistics
Photo of Aytek Malkhozov
Aytek Malkhozov Principal Economist Financial and Macroeconomic Stability Studies
Financial Stability
Photo of Enrico Mallucci
Enrico Mallucci Economist Advanced Foreign Economies
International Finance
Photo of Susan Hume McIntosh
Susan Hume McIntosh Group Manager Flow of Funds
Research and Statistics
Photo of David S. Miller
David S. Miller Senior 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 Principal Economist Financial and Macroeconomic Stability Studies
Financial Stability
Photo of Joshua K. Montes
Joshua K. Montes Senior Economist Labor Markets
Research and Statistics
Photo of Camilo Morales-Jimenez
Camilo Morales-Jimenez Economist Macroeconomic and Quantitative Studies
Research and Statistics
Photo of Norman J. Morin
Norman J. Morin Deputy Associate Director Program Direction
Research and Statistics

N
Photo of Taisuke Nakata
Taisuke Nakata Principal Economist Macroeconomic and Quantitative Studies
Research and Statistics
Photo of Borghan N. Narajabad
Borghan N. Narajabad Principal Economist Systemic Financial Institutions and Markets
Research and Statistics
Photo of Gaston M. Navarro
Gaston M. Navarro 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 Giovanni Nicolò
Giovanni Nicolò 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 Economist Advanced Foreign Economies
International Finance
Image of Board Seal
Anna Orlik Principal Economist Monetary Studies
Monetary Affairs
Image of Board Seal

Maria W. Otoo

Senior EconomistIndustrial Output
Research and Statistics

P
Photo of Dino Palazzo
Dino Palazzo Senior Economist Capital Markets
Research and Statistics
Photo of Nathan M. Palmer
Nathan M. Palmer Economist Banking, Credit and Operational Risk
Supervision and Regulation
Photo of Francisco Palomino
Francisco Palomino Principal Economist 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 Macroeconomic and Quantitative Studies
Research and Statistics
Photo of Ekaterina Peneva
Ekaterina Peneva Principal Economist 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 Principal Economist Fiscal Analysis
Research and Statistics
Photo of Damjan Pfajfar
Damjan Pfajfar Principal Economist Macroeconomic and Quantitative Studies
Research and Statistics
Photo of Eugénio Pinto
Eugénio Pinto Principal Economist Household and Business Spending
Research and Statistics
Photo of Ignacio Presno
Ignacio Presno Senior 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 Economist Global Modeling Studies
International Finance

R
Photo of Andrea Raffo
Andrea Raffo Deputy Associate Director Program Direction
International Finance
Image of Board Seal
Carlos Ramírez Senior Economist Systemic Financial Institutions and Markets
Research and Statistics
Photo of David E. Rappoport
David E. Rappoport Economist Macroprudential Policy Analysis
Financial Stability
Photo of David D. Ratner
David D. Ratner Senior Economist Fiscal Analysis
Research and Statistics
Photo of Trevor A. Reeve
Trevor A. Reeve Deputy Director Program Direction
Monetary Affairs
Photo of John M. Roberts
John M. Roberts Adviser Program Direction
Research and Statistics
Photo of Patrice T. Robitaille
Patrice T. Robitaille Senior Economist Emerging Market Economies
International Finance
Photo of Gisela Rua
Gisela Rua Senior Economist Industrial Output
Research and Statistics
Image of Board Seal
Jeremy Rudd Senior Adviser Program Direction
Research and Statistics

S
Photo of Erick Sager
Erick Sager Senior Economist Prices and Wages
Research and Statistics
Photo of Horacio Sapriza
Horacio Sapriza Principal Economist Macro-Financial Analysis
Monetary Affairs
Photo of Andres Schneider
Andres Schneider Economist Financial and Macroeconomic Stability Studies
Financial Stability
Photo of Zeynep Senyuz
Zeynep Senyuz Assistant Director Program Direction
Monetary Affairs
Photo of Samer F. Shousha
Samer F. Shousha Economist Emerging Market Economies
International Finance
Photo of Michael Siemer
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
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 Group Manager Flow of Funds
Research and Statistics
Image of Board Seal
Viktors Stebunovs Chief Global Financial Institutions
International Finance
Photo of Andrea Stella
Andrea Stella Senior Economist Current Macroeconomic Conditions
Research and Statistics
Photo of John J. Stevens
John J. Stevens Associate Director Program Direction
Research and Statistics
Photo of Brad E. Strum
Brad E. Strum Economist Prices and Wages
Research and Statistics

T
Photo of Hiroatsu Tanaka
Hiroatsu Tanaka Senior Economist Monetary and Financial Market Analysis
Monetary Affairs
Photo of Manjola Tase
Manjola Tase Senior Economist Money Market Analysis
Monetary Affairs
Photo of Thiago R. T. Ferreira
Thiago R. T. Ferreira Senior 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 Maria D. Tito
Maria D. Tito Economist 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 Deputy Associate Director Program Direction
Financial Stability
Photo of Alexandros Vardoulakis
Alexandros Vardoulakis Principal Economist Macroprudential Policy Analysis
Financial Stability
Photo of Francisco Vazquez-Grande
Francisco Vazquez-Grande Senior 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 Principal Economist Labor Markets
Research and Statistics
Photo of Robert J. Vigfusson
Robert J. Vigfusson Assistant Director Trade and Quantitative Studies
International Finance
Photo of Diego Vilán
Diego Vilán Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics
Photo of Daniel J. Vine
Daniel J. Vine Principal Economist Industrial Output
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 Associate Director Program Direction
Monetary Affairs
Photo of Gretchen C. Weinbach
Gretchen C. Weinbach Senior Associate Director Program Direction
Monetary Affairs
Image of Board Seal
Beth Anne Wilson Deputy Director Program Direction
International Finance
Photo of Fabian Winkler
Fabian Winkler Senior Economist Monetary Studies
Monetary Affairs
Photo of Carlo E. Wix
Carlo E. Wix Economist Policy Effectiveness and Assessment
Supervision and Regulation

Y
Photo of Emre Yoldas
Emre Yoldas Chief Global Monetary and Sovereign Markets
International Finance

Z
Photo of Mike Zabek
Mike Zabek Economist Consumer and Community Development Research
Consumer and Community Affairs
Photo of Egon Zakrajsek
Egon Zakrajsek Senior Adviser Program Direction
Monetary Affairs
Photo of Molin Zhong
Molin Zhong Senior Economist Financial and Macroeconomic Stability Studies
Financial Stability
Last update: December 2, 2019