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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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.

Current Macroeconomic Conditions

Current Macroeconomic Conditions (CMC) develops and maintains a suite of modern and innovative forecasting models that can be used to conduct real-time inference about current and future U.S. macroeconomic conditions along dimensions that are particularly relevant for monetary policy. In particular, the section aims to conduct timely and reliable inference about the cyclical state of the U.S. economy by jointly modelling actual and potential output. The section uses multiple models and explores ways to optimally combine those models in order to reflect model uncertainty. The models allow researchers and analysts to incorporate, in real time, the most recent data releases. In addition, the section explores the usefulness of innovative sources of information, and it addresses the statistical, modelling, and reporting issues that arise when using these new data sources in a policy-oriented macroeconomic forecasting environment. The section has a strong research focus and aims to maximize the external visibility of its work--both within the Federal Reserve System and in the global research community--by encouraging and motivating CMC staff to actively pursue research projects in areas related to the section's remit.

Job Role:
Photo of Hie Joo Ahn
Hie Joo Ahn Principal Economist Current Macroeconomic Conditions
Research and Statistics

Photo of Alessandro Barbarino
Alessandro Barbarino Principal Economist Current Macroeconomic Conditions
Research and Statistics
Photo of Travis J. Berge
Travis J. Berge Chief Current Macroeconomic Conditions
Research and Statistics

Photo of Matteo Luciani
Matteo Luciani Principal Economist Current Macroeconomic Conditions
Research and Statistics

Photo of Andrea Stella
Andrea Stella Principal Economist Current Macroeconomic Conditions
Research and Statistics
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Last Update: June 17, 2024