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:

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.

Real Estate Finance

The Real Estate Finance section analyzes current policy issues and conducts research on residential and commercial real estate finance, and studies households’ balance sheet decisions and their implications for real economic activity. The section also studies the markets and institutions that supply mortgage credit to households and businesses, including the mortgage-backed security (MBS) and commercial mortgage-backed security (CMBS) markets, and how these markets and institutions relate to macroeconomic and financial market developments. The section estimates and publishes the Mortgage Debt Outstanding (1.54) and Household Debt Service and Financial Obligations Ratios each quarter. This work supports the Division of Research and Statistics’ and the Board’s monetary policy, financial stability, macroprudential supervision, and rulemaking activities.

Photo of Elliot Anenberg
Elliot Anenberg Chief Real Estate Finance
Research and Statistics

Photo of Aurel Hizmo
Aurel Hizmo Principal Economist Real Estate Finance
Research and Statistics

Photo of You Suk Kim
You Suk Kim Principal Economist Real Estate Finance
Research and Statistics

Photo of Daniel R. Ringo
Daniel R. Ringo Principal Economist Real Estate Finance
Research and Statistics

Photo of Tess C. Scharlemann
Tess C. Scharlemann Principal Economist Real Estate Finance
Research and Statistics

Photo of Eileen van Straelen
Eileen van Straelen Economist Real Estate Finance
Research and Statistics
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Last Update: May 30, 2023