January 13, 2012

Federal Reserve Board announces appointment of Jon Faust as special adviser in the Office of Board Members

For immediate release

The Federal Reserve Board on Friday announced the appointment of Jon Faust as special adviser in the Office of Board Members, effective January 17.

Faust is the Louis J. Maccini Professor of Economics at Johns Hopkins University as well as the director of the university's Center for Financial Economics.

At the Board, Faust will be joining Andrew Levin (also a special adviser) in contributing to the monetary policy process and in staffing the Federal Open Market Committee's subcommittee on communications.  In addition, Faust will work closely with Steven Kamin, director of the Division of International Finance, and the Division's staff in analyzing key international issues.  He also will assist the Board with other special projects as appropriate.

"Jon has an exceptional breadth of expertise in international economics, monetary economics, finance, and econometrics, along with nearly two decades of prior experience in the Federal Reserve System," said Federal Reserve Chairman Ben S. Bernanke.

Prior to joining the Johns Hopkins faculty in 2006, Faust served as assistant director in the Division of International Finance. He joined the Board staff in 1991 after spending time as a visiting faculty member at Princeton University and as an economist at the Federal Reserve Bank of Kansas City.

Faust holds a Ph.D. in economics from the University of California, Berkeley, an M.Phil. in economics from Oxford University, and a B.S. in economics from the University of Iowa.

For media inquiries, call 202-452-2955.

Last Update: January 13, 2012