Macroeconomics

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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:

Finance International Economics Macroeconomics Mathematical and Quantitative Methods Microeconomics

Division:

Consumer and Community Affairs Division of Board Members Financial Stability International Finance Monetary Affairs Research and Statistics Reserve Bank Operations and Payment Systems Supervision and Regulation

Macroeconomics

Field:

Consumption Economic History Fiscal Policy Investment Macroeconomics Monetary Economics Monetary Policy Prices Technological Change and Growth

Macroeconomics

Stephanie R. Aaronson Senior Associate Director Program Direction
Research and Statistics

Miguel Acosta Economist Trade and Financial Studies
International Finance

Elena Afanasyeva Senior Economist Financial and Macroeconomic Stability Studies
Financial Stability

Shaghil Ahmed Deputy Director Program Direction
International Finance

Hie Joo Ahn Principal Economist Current Macroeconomic Conditions
Research and Statistics

Andrea Ajello Chief Macro-Financial Analysis
Monetary Affairs

Harun Alp Economist Advanced Foreign Economies
International Finance

Levent Altinoglu Senior Economist Financial and Macroeconomic Stability Studies
Financial Stability

Gianni G. Amisano Assistant Director Program Direction
Research and Statistics

Maria Aristizabal-Ramirez Economist Emerging Market Economies
International Finance

David M. Arseneau Assistant Director Program Direction
Financial Stability

Sina T. Ates Principal Economist Emerging Market Economies
International Finance

Alessandro Barbarino Principal Economist Current Macroeconomic Conditions
Research and Statistics

Bence A. Bardoczy Economist Macroeconomic and Quantitative Studies
Research and Statistics

Daniel O. Beltran Deputy Associate Director Program Direction
International Finance

Travis J. Berge Principal Economist Current Macroeconomic Conditions
Research and Statistics

Brett D. Berger Adviser Program Direction
International Finance

Mark J. Bognanni Senior Economist Prices and Wages
Research and Statistics

David Bowman Senior Associate Director Program Direction
Monetary Affairs

Eirik E. Brandsaas Economist Household and Business Spending
Research and Statistics

Marco Cagetti Assistant Director Program Direction
Research and Statistics

Colin C. Caines Principal Economist Emerging Market Economies
International Finance

Isabel Cairó Principal Economist Monetary Studies
Monetary Affairs

Tomaz Cajner Group Manager Industrial Output
Research and Statistics

Dario Caldara Chief Trade and Financial Studies
International Finance

James A. Caldera Economist Policy Effectiveness and Assessment
Supervision and Regulation

Francesca Carapella Principal Economist Payment System Studies
Reserve Bank Operations and Payment Systems

Danilo Cascaldi-Garcia Senior Economist Advanced Foreign Economies
International Finance

David B. Cashin Principal Economist Fiscal Analysis
Research and Statistics

Michele Cavallo Principal Economist FOMC Secretariat
Monetary Affairs

Jin-Wook B. Chang Senior Economist Financial Stability Assessment
Financial Stability

Han Chen Senior Economist Household and Business Spending
Research and Statistics

David Cho Senior Economist Household and Business Spending
Research and Statistics

Jaedo Choi Economist Industrial Output
Research and Statistics

Joonkyu Choi Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics

Hess T. Chung Chief Macroeconomic and Quantitative Studies
Research and Statistics

James A. Clouse Deputy Director Program Direction
Monetary Affairs

John M. Coglianese Senior Economist Labor Markets
Research and Statistics

Nathan L. Converse Principal Economist Global Financial Flows
International Finance

Leland D. Crane Senior Economist Industrial Output
Research and Statistics

Edmund S. Crawley Senior Economist Monetary Studies
Monetary Affairs

Pablo A. Cuba-Borda Economist Global Modeling Studies
International Finance

Deepa Dhume Datta Chief Advanced Foreign Economies
International Finance

Andrea De Michelis Assistant Director Program Direction
International Finance

Francois M. de Soyres Principal Economist Emerging Market Economies
International Finance

Ryan A. Decker Principal Economist Industrial Output
Research and Statistics

Daniel A. Dias Principal Economist Financial Institution Risk Evaluation
Financial Stability

Anthony M. Diercks Principal Economist Monetary and Financial Market Analysis
Monetary Affairs

Cynthia L. Doniger Senior Economist Money Market Analysis
Monetary Affairs

Brian M. Doyle Deputy Director Program Direction
International Finance

John C. Driscoll Principal Economist Consumer Finance
Research and Statistics

Wendy E. Dunn Adviser Program Direction
Research and Statistics

Bora Durdu Assistant Director Financial and Macroeconomic Stability Studies
Financial Stability

Rochelle M. Edge Deputy Director Program Direction
Monetary Affairs

Eric M. Engen Senior Associate Director Program Direction
Research and Statistics

Eric C. Engstrom Associate Director Program Direction
Monetary Affairs

Neil R. Ericsson Principal Economist Trade and Financial Studies
International Finance

Jon Faust Senior Special Adviser to the Chair General Program Support
Board Members

Giovanni Favara Assistant Director Macro-Financial Analysis
Monetary Affairs

Laura J. Feiveson Deputy Assistant Secretary Household and Business Spending
Research and Statistics

Francesco Ferrante Principal Economist Trade and Financial Studies
International Finance

Andrew Figura Associate Director Program Direction
Research and Statistics

Giuseppe Fiori Principal Economist Advanced Foreign Economies
International Finance

Aaron B. Flaaen Principal Economist Industrial Output
Research and Statistics

Charles A. Fleischman Adviser Program Direction
Research and Statistics

Jean C. Flemming Senior Economist Payment System Studies
Reserve Bank Operations and Payment Systems

Nathan Foley-Fisher Principal Economist Systemic Financial Institutions and Markets
Research and Statistics

Glenn R. Follette Associate Director Program Direction
Research and Statistics

Cristina Fuentes-Albero Group Manager Macroeconomic and Quantitative Studies
Research and Statistics

Chad T. Fulton Senior Economist Prices and Wages
Research and Statistics

Etienne Gagnon Associate Director Program Direction
International Finance

William L. Gamber Economist Household and Business Spending
Research and Statistics

Daniel I. Garcia Molina Senior Economist Household and Business Spending
Research and Statistics

Joaquin Garcia-Cabo Senior Economist Advanced Foreign Economies
International Finance

David P. Glancy Principal Economist Banking and Financial Analysis
Monetary Affairs

Nils M. Gornemann Principal Economist Advanced Foreign Economies
International Finance

Jonathan Goldberg Principal Economist Macro-Financial Analysis
Monetary Affairs

Sebastian H. Graves Economist Trade and Financial Studies
International Finance

Luca Guerrieri Deputy Associate Director Program Direction
Financial Stability

Christopher J. Gust Deputy Associate Director Program Direction
Monetary Affairs

Jasper Hoek Assistant Director Program Direction
International Finance

Christopher Huckfeldt Senior Economist Global Modeling Studies
International Finance

Matteo Iacoviello Senior Associate Director Program Direction
International Finance

Felicia F. Ionescu Chief Banking and Financial Analysis
Monetary Affairs

Anni T. Isojaervi Economist Financial and Macroeconomic Stability Studies
Financial Stability

Margaret M. Jacobson Economist Monetary Studies
Monetary Affairs

Eva F. Janssens Economist Macroeconomic and Quantitative Studies
Research and Statistics

Benjamin K. Johannsen Chief Monetary Studies
Monetary Affairs

Callum J. Jones Senior Economist Monetary Studies
Monetary Affairs

R. Jay Kahn Senior Economist Short-Term Funding Markets
Research and Statistics

Benjamin S. Kay Principal Economist Policy Effectiveness and Assessment
Supervision and Regulation

Michael T. Kiley Deputy Director Program Direction
Financial Stability

Yuriy Kitsul Chief Global Capital Markets
International Finance

Matthew T. Klepacz Senior Economist Trade and Quantitative Studies
International Finance

Niklas Kroner Economist Global Monetary and Sovereign Markets
International Finance

Robert J. Kurtzman Principal Economist Flow of Funds
Research and Statistics

Christopher J. Kurz Assistant Director / Chief Industrial Output
Research and Statistics

Jean-Philippe Laforte Group Manager Macroeconomic and Quantitative Studies
Research and Statistics

David E. Lebow Senior Associate Director Program Direction
Research and Statistics

Andreas Lehnert Director Program Direction
Financial Stability

Paul Lengermann Assistant Director Program Direction
Research and Statistics

Antoine Lepetit Principal Economist Macroeconomic and Quantitative Studies
Research and Statistics

Kurt F. Lewis Principal Economist Monetary Studies
Monetary Affairs

Logan T. Lewis Chief Trade and Quantitative Studies
International Finance

Geng Li Assistant Director Program Direction
Research and Statistics

J David Lopez-Salido Senior Associate Director Program Direction
Monetary Affairs

Francesca Loria Senior Economist Macro-Financial Analysis
Monetary Affairs

Sai Ma Senior Economist International Financial Stability
International Finance

Enrico Mallucci Principal Economist International Financial Stability
International Finance

Todd E. Messer Economist Global Financial Institutions
International Finance

David S. Miller Principal Economist Macroeconomic and Quantitative Studies
Research and Statistics

Carter B. Mix Economist Trade and Quantitative Studies
International Finance

Michele Modugno Chief Financial and Macroeconomic Stability Studies
Financial Stability

Joshua K. Montes Principal Economist Labor Markets
Research and Statistics

Camilo Morales-Jimenez Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics

Patrick Moran Economist Household and Business Spending
Research and Statistics

Juan M. Morelli Economist Banking and Financial Analysis
Monetary Affairs

Norman J. Morin Deputy Associate Director Program Direction
Research and Statistics

Seth M. Murray Economist Labor Markets
Research and Statistics

Gaston M. Navarro Principal Economist Trade and Financial Studies
International Finance

Christopher J. Nekarda Principal Economist Labor Markets
Research and Statistics

Edward Nelson Senior Adviser Program Direction
Monetary Affairs

Borghan N. Narajabad Chief Systemic Financial Institutions and Markets
Research and Statistics

Giovanni Nicolò Senior Economist Monetary Studies
Monetary Affairs

Marcelo Ochoa Principal Economist Monetary and Financial Market Analysis
Monetary Affairs

Hyunseung Oh Principal Economist Advanced Foreign Economies
International Finance

Scott W. Ohlmacher Senior Economist Industrial Output
Research and Statistics

Musa Orak Principal Economist Advanced Foreign Economies
International Finance

Jake D. Orchard Economist Prices and Wages
Research and Statistics

Anna Orlik Principal Economist Monetary Studies
Monetary Affairs

Julio L. Ortiz Economist Advanced Foreign Economies
International Finance

Dino Palazzo Principal Economist Capital Markets
Research and Statistics

Nathan M. Palmer Senior Economist Banking, Credit and Operational Risk
Supervision and Regulation

Francisco Palomino Chief Capital Markets
Research and Statistics

Michael G. Palumbo Senior Associate Director Program Direction
Research and Statistics

Matthias O. Paustian Assistant Director Program Direction
Research and Statistics

Ekaterina Peneva Chief Prices and Wages
Research and Statistics

Ander Perez-Orive Principal Economist Macro-Financial Analysis
Monetary Affairs

William B. Peterman Chief Fiscal Analysis
Research and Statistics

Damjan Pfajfar Group Manager Monetary Studies
Monetary Affairs

Eugénio Pinto Principal Economist Household and Business Spending
Research and Statistics

Ignacio Presno Principal Economist Global Modeling Studies
International Finance

Andrea Prestipino Senior Economist Global Modeling Studies
International Finance

Albert Queralto Chief Global Modeling Studies
International Finance

David E. Rappoport Principal Economist Macroprudential Policy Analysis
Financial Stability

David D. Ratner Principal Economist Fiscal Analysis
Research and Statistics

Trevor A. Reeve Director Program Direction
Monetary Affairs

Patrice T. Robitaille Senior Economist Emerging Market Economies
International Finance

Chase P. Ross Economist Macroprudential Policy Analysis
Financial Stability

Gisela Rua Principal Economist Industrial Output
Research and Statistics

Jeremy Rudd Senior Adviser Program Direction
Research and Statistics

Romina D. Ruprecht Economist Money Market Analysis
Monetary Affairs

Erick Sager Senior Economist Prices and Wages
Research and Statistics

Francisca Sara-Zaror Economist Prices and Wages
Research and Statistics

Andres Schneider Economist Financial and Macroeconomic Stability Studies
Financial Stability

Zeynep Senyuz Deputy Associate Director Program Direction
Monetary Affairs

Michael Siemer Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics

Jae W. Sim Principal Economist Macroeconomic and Quantitative Studies
Research and Statistics

Arsenios Skaperdas Economist Money Market Analysis
Monetary Affairs

Simon C. Smith Senior Economist Prices and Wages
Research and Statistics

Mariano A. Somale Economist Advanced Foreign Economies
International Finance

Kamila Sommer Chief Consumer Finance
Research and Statistics

Viktors Stebunovs Deputy Associate Director Program Direction
International Finance

Andrea Stella Principal Economist Current Macroeconomic Conditions
Research and Statistics

John J. Stevens Senior Associate Director Program Direction
Research and Statistics

Brad E. Strum Principal Economist Prices and Wages
Research and Statistics

Balint Szoke Economist Macro-Financial Analysis
Monetary Affairs

Hiroatsu Tanaka Senior Economist Monetary and Financial Market Analysis
Monetary Affairs

Manjola Tase Principal Economist Money Market Analysis
Monetary Affairs

Thiago R. T. Ferreira Group Manager Advanced Foreign Economies
International Finance

Robert J. Tetlow Senior Adviser Program Direction
Monetary Affairs

Stacey Tevlin Director Program Direction
Research and Statistics

Yannick Timmer Senior Economist Macro-Financial Analysis
Monetary Affairs

Andreas Tischbirek Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics

Maria D. Tito Group Manager Industrial Output
Research and Statistics

Pinar Uysal Senior Economist Global Financial Institutions
International Finance

Skander Van den Heuvel Associate Director Program Direction
Financial Stability

Alexandros Vardoulakis Chief Macroprudential Policy Analysis
Financial Stability

Francisco Vazquez-Grande Group Manager Macro-Financial Analysis
Monetary Affairs

Stéphane Verani Principal Economist Systemic Financial Institutions and Markets
Research and Statistics

Ivan Vidangos Chief Labor Markets
Research and Statistics

Diego Vilán Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics

Sergio Villalvazo Economist Financial and Macroeconomic Stability Studies
Financial Stability

Daniel J. Vine Principal Economist Prices and Wages
Research and Statistics

William L. Wascher Deputy Director Program Direction
Research and Statistics

Min Wei Senior Associate Director Program Direction
Monetary Affairs

Beth Anne Wilson Director Program Direction
International Finance

Fabian Winkler Principal Economist Monetary Studies
Monetary Affairs

Ines M. Xavier Economist Macro-Financial Analysis
Monetary Affairs

Choongryul Yang Economist Prices and Wages
Research and Statistics

Emre Yoldas Assistant Director Program Direction
International Finance

Mike Zabek Senior Economist Consumer and Community Development Research
Consumer and Community Affairs

Rebecca Zarutskie Deputy Associate Director Program Direction
Monetary Affairs

Tony Zhang Senior Economist Global Monetary and Sovereign Markets
International Finance

Molin Zhong Principal Economist Financial and Macroeconomic Stability Studies
Financial Stability

Sarah Zoi Economist Financial and Macroeconomic Stability Studies
Financial Stability

Last Update: March 27, 2023

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