Vice President & Economist

Company

Federal Reserve Bank of Boston

Vice President and Economist, Macro Finance Section

Vice President and Economist, Macro Finance Section

About the Federal Reserve Bank of Boston

The Federal Reserve System (System) was founded by Congress in 1913 and serves as the central bank of the United States.

Its fundamental mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems to promote optimal economic performance. 

As part of the nation’s central bank, the Boston Reserve Bank promotes sound growth and financial stability in New England (Connecticut – except Fairfield County, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont) and the nation.

The Bank's unique contributions to its local communities, region, and the nation are founded on high-quality research and bank supervisory activities, excellence in supporting financial services and financial markets stability, leadership in payments innovation, and a commitment to supporting economic well-being in communities.

The Bank holds several key System roles, including leading the Financial Support Office, which manages the System budget.

The Bank also develops and leads innovative payments programs and played a central leadership role in the Federal Reserve’s crisis responses both during the Great Financial Crisis (2008) and global pandemic (2020).

The Bank is a thought leader and innovator in numerous areas.

Among its most critical responsibilities:


* Conducting leading-edge research and education on monetary policy, financial markets and stability, and important regional and national economic concerns.


* Providing financial stability expertise through a deep knowledge of money markets and the institutions key to those markets.


* Conducting dynamic, comprehensive bank supervision through on-site examination and by monitoring banking conditions, practices, and emerging issues.


* Providing efficient, high-quality payments services for depository institutions.


* Transforming the nation’s payments system by leading the development of the FedNowSM Service (“FedNow”), a real-time gross payments settlement system.


* Pursuing cooperative endeavors with business, community, and government leaders to address key local and regional economic issues, often with a focus on community development and economic opportunity.


* Supporting and improving economic outcomes for the broader community, particularly low- and moderate-income individuals.

This commitment is reflected in our research on race and its link to economic well-being, our Working Places community development programs, and our initiative to improve the quality of low-wage jobs.


* Building institutional expertise and flexibility by identifying, engaging, and developing a highly trained and diverse staff.


* Providing leadership to System initiatives and interacting with other regulatory bodies and central banks.
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