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.
Monetary and Financial Market Analysis
The Monetary and Financial Market Analysis (MFMA) section conducts analysis and academic research on financial markets and their interaction with the macroeconomy to support the design and implementation of the Federal Reserve’s monetary and financial stability policies. We focus on prices of fixed income securities (such as U.S. Treasuries) and associated derivatives, as well as other market data and surveys. We extract and analyze information about expectations about interest rates and inflation, risk premiums, and market functioning. Our research, models and current analysis, serve as important inputs for the Board of Governors in their policymaking.