Meet the Economists
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.
Supervision and Regulation
The Division of Supervision and Regulation exercises and oversees the Board’s supervisory and regulatory authority over a variety of financial institutions and activities with the goal of promoting a safe, sound, and stable financial system that supports the growth and stability of the U.S. economy. The Federal Reserve carries out its supervisory and regulatory responsibilities and supporting functions primarily by promoting the safety and soundness of individual financial institutions supervised by the Federal Reserve; taking a macroprudential approach to the supervision of the largest, most systemically important financial institutions; developing supervisory policy (including regulations, policy statements, and guidance); regulating the U.S. banking and financial structure by acting on a variety of proposals; and enforcing laws and regulations.
Banking, Credit and Operational Risk
The Banking, Credit and Operational Risk section (BCOR) provides quantitative risk and banking expertise to S&R's policy and supervisory efforts. Through quantitative evaluation, we i) guide and empirically ground proposed rule-makings, ii) ensure proper implementation of existing rules in banking institutions, and iii) monitor regulatory policy effectiveness.
Our team works to address the quantitative questions inherent to S&R's activities through a blend of regulatory and supervisory knowledge, risk expertise, and econometric and economics understanding. Our work is often collaborative and benefits from close integration with the Policy group, particularly the other PRA sections.