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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Research and Statistics

The Division of Research and Statistics is responsible for developing and presenting economic and financial data and analysis for the use of the Board, the Federal Open Market Committee, and other Federal Reserve System officials. This information serves as background for the formulation and conduct of monetary, regulatory, and supervisory policies. In addition, the division fosters a broader understanding of issues relating to economic policy by providing leadership in economic and statistical research and by supplying data and analyses for public release.

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Capital Markets

The Capital Markets section analyzes current policy issues and conducts research relating to the markets for corporate and municipal bonds, commercial paper, and public and private equity. The section is responsible for studying all aspects of corporate finance, including the outlook for profits and credit quality, the financing of small businesses, and the effects of financial market disturbances on business spending.

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Last update: March 27, 2017