Research and Statistics

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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:

Finance International Economics Macroeconomics Mathematical and Quantitative Methods Microeconomics

Division:

Consumer and Community Affairs Division of Board Members Financial Stability International Finance Monetary Affairs Research and Statistics Reserve Bank Operations and Payment Systems Supervision and Regulation

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.

Section:

Capital Markets Consumer Finance Current Macroeconomic Conditions Financial Structure Fiscal Analysis Flow of Funds Household and Business Spending Industrial Output Labor Markets Macroeconomic and Quantitative Studies Microeconomic Surveys Prices and Wages Program Direction Real Estate Finance Risk Analysis Short-Term Funding Markets Systemic Financial Institutions and Markets

Stephanie R. Aaronson Senior Associate Director Program Direction
Research and Statistics

Robert M. Adams Principal Economist Consumer Finance
Research and Statistics

Hie Joo Ahn Principal Economist Current Macroeconomic Conditions
Research and Statistics

Aditya Aladangady Principal Economist Microeconomic Surveys
Research and Statistics

Gianni G. Amisano Assistant Director Program Direction
Research and Statistics

Elliot Anenberg Chief Real Estate Finance
Research and Statistics

Alessandro Barbarino Principal Economist Current Macroeconomic Conditions
Research and Statistics

Bence A. Bardoczy Economist Macroeconomic and Quantitative Studies
Research and Statistics

Michael M. Batty Group Manager Flow of Funds
Research and Statistics

Kimberly N. Bayard Group Manager Industrial Output
Research and Statistics

David A. Benson Senior Economist Financial Structure
Research and Statistics

Travis J. Berge Principal Economist Current Macroeconomic Conditions
Research and Statistics

Joshua Blonz Senior Economist Industrial Output
Research and Statistics

Mark J. Bognanni Senior Economist Prices and Wages
Research and Statistics

Vitaly M. Bord Economist Consumer Finance
Research and Statistics

Eirik E. Brandsaas Economist Household and Business Spending
Research and Statistics

Jesse Bricker Principal Economist Microeconomic Surveys
Research and Statistics

Celso Brunetti Assistant Director Program Direction
Research and Statistics

David M. Byrne Principal Economist Industrial Output
Research and Statistics

Marco Cagetti Assistant Director Program Direction
Research and Statistics

Cecilia R. Caglio Group Manager Financial Structure
Research and Statistics

Tomaz Cajner Group Manager Industrial Output
Research and Statistics

Nick A. Carollo Economist Labor Markets
Research and Statistics

David B. Cashin Principal Economist Fiscal Analysis
Research and Statistics

Andrew C. Chang Principal Economist Microeconomic Surveys
Research and Statistics

Andrew Y. Chen Principal Economist Capital Markets
Research and Statistics

Han Chen Senior Economist Household and Business Spending
Research and Statistics

David Cho Senior Economist Household and Business Spending
Research and Statistics

Jaedo Choi Economist Industrial Output
Research and Statistics

Joonkyu Choi Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics

Hess T. Chung Chief Macroeconomic and Quantitative Studies
Research and Statistics

John M. Coglianese Senior Economist Labor Markets
Research and Statistics

Daniel M. Covitz Deputy Director Program Direction
Research and Statistics

Leland D. Crane Senior Economist Industrial Output
Research and Statistics

Erfan Danesh Economist Risk Analysis
Research and Statistics

Ryan A. Decker Principal Economist Industrial Output
Research and Statistics

Lisa J. Dettling Principal Economist Fiscal Analysis
Research and Statistics

Jennifer L. Dlugosz Principal Economist Financial Structure
Research and Statistics

Christine L. Dobridge Principal Economist Capital Markets
Research and Statistics

Cynthia L. Doniger Senior Economist Money Market Analysis
Monetary Affairs

Tim E. Dore Principal Economist Flow of Funds
Research and Statistics

John C. Driscoll Principal Economist Consumer Finance
Research and Statistics

Wendy E. Dunn Adviser Program Direction
Research and Statistics

Burcu Duygan-Bump Associate Director Program Direction
Research and Statistics

Eric M. Engen Senior Associate Director Program Direction
Research and Statistics

Laura J. Feiveson Deputy Assistant Secretary Household and Business Spending
Research and Statistics

Andrew Figura Associate Director Program Direction
Research and Statistics

Aaron B. Flaaen Group Manager Industrial Output
Research and Statistics

Charles A. Fleischman Adviser Program Direction
Research and Statistics

Nathan Foley-Fisher Principal Economist Systemic Financial Institutions and Markets
Research and Statistics

Glenn R. Follette Associate Director Program Direction
Research and Statistics

Cristina Fuentes-Albero Group Manager Macroeconomic and Quantitative Studies
Research and Statistics

Chad T. Fulton Senior Economist Prices and Wages
Research and Statistics

William L. Gamber Economist Household and Business Spending
Research and Statistics

Daniel I. Garcia Molina Senior Economist Household and Business Spending
Research and Statistics

Stefan Gissler Principal Economist Systemic Financial Institutions and Markets
Research and Statistics

Simon Glossner Economist Flow of Funds
Research and Statistics

Manuel P. Gonzalez-Astudillo Principal Economist Macroeconomic and Quantitative Studies
Research and Statistics

Sarena F. Goodman Principal Economist Microeconomic Surveys
Research and Statistics

Michael B. Gordy Chief Risk Analysis
Research and Statistics

Jacob P. Gramlich Chief Financial Structure
Research and Statistics

Serafin J. Grundl Senior Economist Financial Structure
Research and Statistics

Diana Hancock Senior Associate Director Program Direction
Research and Statistics

Erik A. Heitfield Deputy Associate Director Program Direction
Research and Statistics

Sam Hempel Economist Short-Term Funding Markets
Research and Statistics

Edward P. Herbst Chief Current Macroeconomic Conditions
Research and Statistics

Aurel Hizmo Principal Economist Real Estate Finance
Research and Statistics

Xin Huang Principal Economist Risk Analysis
Research and Statistics

Yesol Huh Principal Economist Risk Analysis
Research and Statistics

Jay H. Im Economist Short-Term Funding Markets
Research and Statistics

Eva F. Janssens Economist Macroeconomic and Quantitative Studies
Research and Statistics

Dalida Kadyrzhanova Principal Economist Capital Markets
Research and Statistics

R. Jay Kahn Senior Economist Short-Term Funding Markets
Research and Statistics

John Kandrac Principal Economist Financial Structure
Research and Statistics

You Suk Kim Principal Economist Real Estate Finance
Research and Statistics

Elizabeth K. Kiser Associate Director Program Direction
Research and Statistics

Jacob Krimmel Economist Microeconomic Surveys
Research and Statistics

Robert J. Kurtzman Principal Economist Flow of Funds
Research and Statistics

Christopher J. Kurz Assistant Director / Chief Industrial Output
Research and Statistics

Jean-Philippe Laforte Group Manager Macroeconomic and Quantitative Studies
Research and Statistics

David E. Lebow Senior Associate Director Program Direction
Research and Statistics

Paul Lengermann Assistant Director Program Direction
Research and Statistics

Antoine Lepetit Principal Economist Macroeconomic and Quantitative Studies
Research and Statistics

Geng Li Assistant Director Program Direction
Research and Statistics

Yi Li Principal Economist Short-Term Funding Markets
Research and Statistics

Stephen F. Lin Principal Economist Household and Business Spending
Research and Statistics

Byron Lutz Deputy Associate Director Program Direction
Research and Statistics

Traci L. Mach Principal Economist Flow of Funds
Research and Statistics

Patrick E. McCabe Deputy Associate Director Program Direction
Research and Statistics

Alvaro Mezza Principal Economist Consumer Finance
Research and Statistics

David S. Miller Principal Economist Macroeconomic and Quantitative Studies
Research and Statistics

Raven Molloy Deputy Associate Director Program Direction
Research and Statistics

Joshua K. Montes Principal Economist Labor Markets
Research and Statistics

Kevin B. Moore Assistant Director Program Direction
Research and Statistics

Camilo Morales-Jimenez Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics

Patrick Moran Economist Household and Business Spending
Research and Statistics

Norman J. Morin Deputy Associate Director Program Direction
Research and Statistics

Seth M. Murray Economist Labor Markets
Research and Statistics

Christopher J. Nekarda Principal Economist Labor Markets
Research and Statistics

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

Joseph B. Nichols Principal Economist Household and Business Spending
Research and Statistics

Eric R. Nielsen Principal Economist Flow of Funds
Research and Statistics

Scott W. Ohlmacher Senior Economist Industrial Output
Research and Statistics

Jake D. Orchard Economist Prices and Wages
Research and Statistics

Emilio Osambela Principal Economist Capital Markets
Research and Statistics

Andrew D. Paciorek Chief Household and Business Spending
Research and Statistics

Dino Palazzo Principal Economist Capital Markets
Research and Statistics

Francisco Palomino Chief Capital Markets
Research and Statistics

Michael G. Palumbo Senior Associate Director Program Direction
Research and Statistics

Yang-Ho Park Principal Economist Risk Analysis
Research and Statistics

Wayne Passmore Senior Adviser Program Direction
Research and Statistics

Matthias O. Paustian Assistant Director Program Direction
Research and Statistics

Karen M. Pence Deputy Associate Director Program Direction
Research and Statistics

Ekaterina Peneva Chief Prices and Wages
Research and Statistics

Maria G. Perozek Chief Flow of Funds
Research and Statistics

William B. Peterman Chief Fiscal Analysis
Research and Statistics

Eugénio Pinto Principal Economist Household and Business Spending
Research and Statistics

Valery Polkovnichenko Principal Economist Risk Analysis
Research and Statistics

Brendan M. Price Senior Economist Labor Markets
Research and Statistics

Carlos Ramírez Senior Economist Systemic Financial Institutions and Markets
Research and Statistics

David D. Ratner Principal Economist Fiscal Analysis
Research and Statistics

Marcelo Rezende Principal Economist Financial Structure
Research and Statistics

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

Gisela Rua Principal Economist Industrial Output
Research and Statistics

Jeremy Rudd Senior Adviser Program Direction
Research and Statistics

Erick Sager Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics

Francisca Sara-Zaror Economist Prices and Wages
Research and Statistics

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

Mariel E. Schwartz Economist Labor Markets
Research and Statistics

Steven A. Sharpe Senior Adviser Program Direction
Research and Statistics

Shane M. Sherlund Associate Director Program Direction
Research and Statistics

Gloria Sheu Group Manager Financial Structure
Research and Statistics

Michael Siemer Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics

Jae W. Sim Principal Economist Macroeconomic and Quantitative Studies
Research and Statistics

Nitish R. Sinha Group Manager Capital Markets
Research and Statistics

Christopher L. Smith Principal Economist Labor Markets
Research and Statistics

Paul A. Smith Deputy Associate Director Program Direction
Research and Statistics

Simon C. Smith Senior Economist Prices and Wages
Research and Statistics

Michael Smolyansky Principal Economist Capital Markets
Research and Statistics

Kamila Sommer Chief Consumer Finance
Research and Statistics

Paul E. Soto Senior Economist Industrial Output
Research and Statistics

Irina Stefanescu Group Manager Flow of Funds
Research and Statistics

Andrea Stella Principal Economist Current Macroeconomic Conditions
Research and Statistics

John J. Stevens Senior Associate Director Program Direction
Research and Statistics

Brad E. Strum Principal Economist Prices and Wages
Research and Statistics

Gustavo A. Suarez Assistant Director Program Direction
Research and Statistics

Pawel J. Szerszen Principal Economist Risk Analysis
Research and Statistics

Charles S. Taragin Principal Economist Financial Structure
Research and Statistics

Ana-Maria K. Tenekedjieva Economist Flow of Funds
Research and Statistics

Stacey Tevlin Director Program Direction
Research and Statistics

Andreas Tischbirek Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics

Maria D. Tito Group Manager Industrial Output
Research and Statistics

Nick Turner Principal Economist Fiscal Analysis
Research and Statistics

Tugkan Tuzun Principal Economist Capital Markets
Research and Statistics

Eileen van Straelen Economist Real Estate Finance
Research and Statistics

Clara Vega Assistant Director Program Direction
Research and Statistics

Stéphane Verani Principal Economist Systemic Financial Institutions and Markets
Research and Statistics

Ivan Vidangos Chief Labor Markets
Research and Statistics

Diego Vilán Senior Economist Macroeconomic and Quantitative Studies
Research and Statistics

Daniel Villar Senior Economist Prices and Wages
Research and Statistics

Daniel J. Vine Principal Economist Prices and Wages
Research and Statistics

Alice Henriques Volz Chief Microeconomic Surveys
Research and Statistics

Ashley Wang Chief Short-Term Funding Markets
Research and Statistics

William L. Wascher Deputy Director Program Direction
Research and Statistics

Ram S. Yamarthy Senior Economist Capital Markets
Research and Statistics

Choongryul Yang Economist Prices and Wages
Research and Statistics

Jie Yang Group Manager Capital Markets
Research and Statistics

Youngsuk Yook Principal Economist Flow of Funds
Research and Statistics

David L. Zeke Senior Economist Capital Markets
Research and Statistics

Last Update: May 22, 2023

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