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:
Division:

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.

Section:
Monetary Studies

The Monetary Studies section conducts research and policy analysis in macroeconomics and monetary economics. It supports the Division of Monetary Affairs' work on strategic monetary policy issues by providing expertise on the design, implementation, and communication of monetary policy, including aspects related to policy rules, policymaking under uncertainty, and the coordination of policy instruments. In addition to these topics, section members purse theoretical and applied research on financial stability, labor markets, inflation dynamics, interest rates, quantitative techniques for solving economic models, and other topics that are relevant for monetary policy.

C
Image of Board Seal
Isabel Cairó Principal Economist Monetary Studies
Monetary Affairs
Photo of Edmund S. Crawley
Edmund S. Crawley Senior Economist Monetary Studies
Monetary Affairs

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

L
Image of Board Seal
Kurt F. Lewis Principal Economist Monetary Studies
Monetary Affairs

N
Photo of Giovanni Nicolò
Giovanni Nicolò Senior Economist Monetary Studies
Monetary Affairs

O
Image of Board Seal
Anna Orlik Principal Economist Monetary Studies
Monetary Affairs

P
Photo of Damjan Pfajfar
Damjan Pfajfar Group Manager Monetary Studies
Monetary Affairs

W
Photo of Fabian Winkler
Fabian Winkler Principal Economist Monetary Studies
Monetary Affairs
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Last Update: March 20, 2023