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 Policy Operations and Analysis
The Monetary Policy Operations and Analysis (MPOA) section oversees the implementation of monetary policy as it relates to the tools associated with Federal Reserve lending and reserve management. The section contributes to monetary policy design, leveraging expertise of the factors affecting reserve demand and the operational aspects of monetary policy tools, including expertise in the Federal Reserve's counterparties and microstructure of markets in which these counterparties are active. The section also produces and publishes reliable monetary and financial data and utilizes this data for policy-relevant analysis.