skip to main navigation skip to secondary navigation skip to content
Board of Governors of the Federal Reserve System
skip to content


Monetary Affairs 

The Division of Monetary Affairs supports the Board and the Federal Open Market Committee (FOMC) in their monetary policy deliberations by preparing research and analysis in the fields of finance, money and banking, and monetary policy design and implementation. The Division also assists the Board and FOMC in preparing policy communications, maintains records of FOMC deliberations and decisions, and produces monetary and financial data. In addition, the Division contributes to the Board’s supervisory, regulatory, and financial stability functions.

Monetary Studies

The Monetary Studies section conducts research and policy analysis in macroeconomics and monetary economics. It supports the Division of Monetary Affairs' work on strategic monetary policy issues by providing expertise on the design, implementation, and communication of monetary policy, including aspects related to policy rules, policymaking under uncertainty, and the coordination of policy instruments. In addition to these topics, section members purse theoretical and applied research on financial stability, labor markets, inflation dynamics, interest rates, quantitative techniques for solving economic models, and other topics that are relevant for monetary policy.

Skip stay connected section
Last update: February 13, 2017