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.

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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.

Macro-Financial Analysis

The Macro-Financial Analysis (MFA) section supports the monetary policy and financial stability mandates of the Board through policy analysis and longer-term research on the interaction between monetary policy, financial market conditions and economic activity. Analysis and research include the measurements of financial conditions and investors' sentiment; the relationship between these variables, monetary policy and economic fluctuations; the transmission of monetary policy through financial markets; the assessment of the merits for incorporating financial stability considerations into a monetary policy framework. Section staff also contribute to the Board's overall work program on the relationship between monetary policy and financial stability, through their regular contribution to the Quantitative Surveillance and related initiatives.

Job Role:
Photo of Andrea Ajello
Andrea Ajello Chief Macro-Financial Analysis
Monetary Affairs

Photo of Jonathan Goldberg
Jonathan Goldberg Principal Economist Macro-Financial Analysis
Monetary Affairs

Photo of Francesca Loria
Francesca Loria Principal Economist Macro-Financial Analysis
Monetary Affairs

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

Photo of Balint Szoke
Balint Szoke Economist Macro-Financial Analysis
Monetary Affairs

Photo of Yannick Timmer
Yannick Timmer Senior Economist Macro-Financial Analysis
Monetary Affairs

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

Photo of Ines M. Xavier
Ines M. Xavier Economist Macro-Financial Analysis
Monetary Affairs
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Last Update: June 10, 2024