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:


Technological Change and Growth
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Harun Alp Economist Advanced Foreign Economies
International Finance
Photo of Sina T. Ates
Sina T. Ates Principal Economist Emerging Market Economies
International Finance

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David M. Byrne Principal Economist Industrial Output
Research and Statistics

Photo of Geoffrey R. Gerdes
Geoffrey R. Gerdes Principal Economist Payment System Studies
Reserve Bank Operations and Payment Systems

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Dalida Kadyrzhanova Principal Economist Capital Markets
Research and Statistics

Photo of Paul Lengermann
Paul Lengermann Assistant Director Program Direction
Research and Statistics
Photo of May X. Liu
May X. Liu Senior Statistician Payment System Studies
Reserve Bank Operations and Payment Systems

Photo of Borghan N. Narajabad
Borghan N. Narajabad Chief Systemic Financial Institutions and Markets
Research and Statistics

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Musa Orak Principal Economist Advanced Foreign Economies
International Finance

Photo of Eugénio Pinto
Eugénio Pinto Principal Economist Household and Business Spending
Research and Statistics

Photo of Ricardo M. Reyes-Heroles
Ricardo M. Reyes-Heroles Principal Economist Trade and Financial Studies
International Finance

Photo of Nathan Swem
Nathan Swem Senior Economist Financial Stability Assessment
Financial Stability
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Last Update: March 27, 2023