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:

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:
Program Direction

Program Direction sets objectives and allocates resources, and coordinates and oversees the Division's work, facilitating staff efforts to carry out the Division's mission. In addition, official staff in Program Direction support the Board and the FOMC by preparing analysis on a wide range of monetary policy issues and by directing the FOMC Secretariat, act as a liaison with the trading desk at the Federal Reserve Bank of New York in connection with open market operations and implementation of monetary policy, contribute to Board efforts surrounding supervision, regulation, and financial stability, and participate on Board and System oversight committees and represent the Federal Reserve on international and domestic interagency working groups.

B
Image of Board Seal
Brian J. Bonis Assistant Director Program Direction
Monetary Affairs
Photo of David Bowman
David Bowman Senior Associate Director Program Direction
Monetary Affairs

C
Photo of Mark A. Carlson
Mark A. Carlson Adviser Program Direction
Monetary Affairs
Image of Board Seal
James A. Clouse Deputy Director Program Direction
Monetary Affairs

D
Photo of Margaret DeBoer
Margaret DeBoer Deputy Associate Director Program Direction
Monetary Affairs

E
Photo of Rochelle M. Edge
Rochelle M. Edge Deputy Director Program Direction
Monetary Affairs
Photo of Eric C. Engstrom
Eric C. Engstrom Associate Director Program Direction
Monetary Affairs

G
Photo of Joshua Gallin
Joshua Gallin Secretary of the FOMC Program Direction
Monetary Affairs
Photo of Christopher J. Gust
Christopher J. Gust Deputy Associate Director Program Direction
Monetary Affairs

I
Photo of Jane E. Ihrig
Jane E. Ihrig Senior Adviser Program Direction
Monetary Affairs

K
Photo of Don H. Kim
Don H. Kim Senior Adviser Program Direction
Monetary Affairs

L
Photo of Dan Li
Dan Li Assistant Director Program Direction
Monetary Affairs
Image of Board Seal
Laura Lipscomb Deputy Associate Director Program Direction
Monetary Affairs
Photo of J David Lopez-Salido
J David Lopez-Salido Senior Associate Director Program Direction
Monetary Affairs

M
Photo of Andrew C. Meldrum
Andrew C. Meldrum Assistant Director Program Direction
Monetary Affairs

N
Photo of Edward Nelson
Edward Nelson Senior Adviser Program Direction
Monetary Affairs

R
Photo of Trevor A. Reeve
Trevor A. Reeve Director Program Direction
Monetary Affairs

S
Photo of Zeynep Senyuz
Zeynep Senyuz Deputy Associate Director Program Direction
Monetary Affairs

T
Photo of Robert J. Tetlow
Robert J. Tetlow Senior Adviser Program Direction
Monetary Affairs

V
Image of Board Seal
Annette Vissing-Jorgensen Senior Adviser Program Direction
Monetary Affairs

W
Photo of Min Wei
Min Wei Senior Associate Director Program Direction
Monetary Affairs

Z
Photo of Rebecca Zarutskie
Rebecca Zarutskie Deputy Associate Director Program Direction
Monetary Affairs
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Last Update: March 20, 2023