The Federal Reserve is the central bank of the United States. It formulates and administers credit and monetary policy.

Government

Federal Reserve

Board of Governors

Skander Van Den Heuvel is the current Associate Director at the [Federal Reserve](/org/federal-reserve-system). Prior to this, they worked at the [Federal Reserve](/org/federal-reserve-system) Board and the [University of Pennsylvania](/org/university-of-pennsylvania). At the [University of Pennsylvania](/org/university-of-pennsylvania), they were a Professor of Finance from July 2000 to June 2008.

Skander Van Den Heuvel has a PhD in Economics from [Yale University](/org/yale-university) and a Drs in Economics from the [University of Groningen](/org/university-of-groningen).

Some of their coworkers include Luca Guerrieri - Deputy Associate Director, Financial and Macroeconomic Stability Studies . Skander Van Den Heuvel reports to Elizabeth Klee, Senior Associate Director.

Skander Van Den Heuvel

Jennifer K. Liu was a system engineer at [Lockheed Martin](/org/lockheed-martin) from June 1997 to June 1998. Jennifer is currently the associate director at the [Federal Reserve](/org/federal-reserve-system).

Jennifer K. Liu has a Master of Science in Engineering Management from The George Washington University and a Bachelor of Science in Electrical Engineering from the [University of Maryland](/org/university-of-maryland).

They work with Gregory L. Evans - Senior Associate Director, Michael Lambert - Associate Director, and Ian Spear - Assistant Director, Operations & Payment Systems. Jennifer K. Liu reports to Matthew J. Eichner, Director, Operations and Payment Systems.

Jennifer K. Liu

David C. Mills is the Senior Associate Director at the [Federal Reserve](/org/federal-reserve-system). Prior to their current position, they were a Visiting Assistant Professor at [Purdue University](/org/purdue-university) from August 2001 to July 2002. There, they taught Principles of Macroeconomics, Intermediate Macroeconomics, and Money and Banking courses for the Economics Department.

David C. Mills has a Ph.D. in Economics from [Penn State University](/org/penn-state), an MA in Economics from [Penn State University](/org/penn-state), and a BA in Economics and Classical Languages from Duquesne University. David also attended Lansdale Cathloic High School.

David C. Mills reports to Matthew J. Eichner, Director, Operations and Payment Systems. David C. Mills works with Ian Spear - Assistant Director, Operations & Payment Systems, Gregory L. Evans - Senior Associate Director, and Jason A. Hinkle - Assistant Director.

David C. Mills

Cynthia Gray

Caio Peixoto is the current Deputy Associate Director at the [Federal Reserve](/org/federal-reserve-system). Prior to this, they worked as a Quality Engineer with [Zimmer Biomet](/org/zimmer-biomet), and before that as a Biomedical Engineer with PlasmaDent, Inc. 

Caio has experience in design control and risk management, preparing uFMEAs and dFMEAs, and reviewing and updating design and development verification documentation. With PlasmaDent, Inc., Caio designed and conducted ISO-compliant experiments to evaluate the shelf-life and performance of teeth whitening products and the antimicrobial efficacy of plasma devices. Caio also became familiar with industry standards such as ISO 10993, ISO 20795, and IEC 60601.

In addition to their engineering experience, Caio also has experience in regulatory affairs. They have prepared reports and literature reviews for submission to domestic and foreign regulatory agencies, opening new sales channels. Caio also served as the Chemical and Biological Safety Coordinator, preparing and implementing safety policies and training in compliance with OSHA/CDC standards and guidelines. Finally, Caio established and managed a microbiological laboratory (BSL2).

Caio Peixoto has a Master's Degree in Bioengineering from the University of Missouri-Columbia, a Bachelor's Degree in Science and Technology from Universidade Federal do Rio Grande do Norte, and they were an Exchange Student in Bioengineering and Biomedical Engineering at the [University of Iowa](/org/university-of-iowa).

Their manager is Jerome Powell, Chair of the Board of Governors. Caio Peixoto works with Leah Middleton - Assistant Director, Edward Anderson - Assistant Director, and Patrick J. McClanahan - Chief Operating Officer.

Caio Peixoto

Jason Derr

Jina Hwang

Kathryn Ballintine

Dario Caldara

Martin Bodenstein

Uzma Wahhab is the current Associate Director at the [Federal Reserve](/org/federal-reserve-system). Uzma has an extensive background in finance and accounting, having worked as a Senior Counsel and Senior Special Counsel at the US Securities and Exchange Commission, as well as a member of the Secretariat at the Financial Stability Board.

Uzma Wahhab has a MA in Law and Diplomacy from Tufts University - The Fletcher School of Law and Diplomacy, a BA in Sociology from [Haverford College](/org/haverford-college), and a JD from Boston College Law School. Uzma also attended the Lawrenceville School.

Uzma Wahhab reports to Michael S. Gibson, Director, Supervision and Regulation. Uzma Wahhab works with Christine E. Graham - Deputy Associate Director, Anthony Cain - Assistant Director, and Emily Wells - Assistant Director.

Uzma Wahhab

Marta Chaffee is the Senior Associate Director at the [Federal Reserve](/org/federal-reserve-system). Marta has held various positions at the [Federal Reserve](/org/federal-reserve-system) Board, US Securities and Exchange Commission, and PricewaterhouseCoopers.

Marta Chaffee began their career as a Financial Markets Analyst at the US Government Accountability Office in August 2004. Marta then joined the US Securities and Exchange Commission in November 2007 as an Examiner for Consolidated Supervised Entities. In June 2010, they were promoted to Branch Chief and then Assistant Director in August 2011.

In April 2015, Marta Chaffee left the US Securities and Exchange Commission to join the [Federal Reserve](/org/federal-reserve-system) Board as an Advisor. In March 2016, they were promoted to Assistant Director. Marta remained in this position until August 2016 when they were promoted to their current role as Senior Associate Director.

Marta Chaffee has a MPP from University of Michigan and a BA from [Occidental College](/org/occidental-college), both in public policy.

Marta Chaffee reports to Matthew J. Eichner, Director, Operations and Payment Systems. They are on a team with Ian Spear - Assistant Director, Operations & Payment Systems, David C. Mills - Associate Director, and Jennifer K. Liu - Associate Director.

Marta Chaffee

Emily Wells is currently the Assistant Director at the [Federal Reserve](/org/federal-reserve-system). Emily has worked at the [Federal Reserve](/org/federal-reserve-system) Board, [Federal Reserve](/org/federal-reserve-system) Bank of Richmond, and Performance Measurement and Analytics Program Director. Emily has a long history of working in the financial sector, starting as a Business Analyst in 2000. In their current role, they manage the Oversight Analytics section of the Supervision and Regulation Division at the Board of Governors of the [Federal Reserve](/org/federal-reserve-system) System.

Emily Wells has a MBA from Strayer University-Maryland and a BBA from School.

Emily Wells reports to Michael S. Gibson, Director, Supervision and Regulation. Emily Wells works with Kavita Jain - Deputy Associate Director, Christine E. Graham - Deputy Associate Director, and Seung Jung Lee - Assistant Director.

Emily Wells

Jason Wu is the current Associate Director at the [Federal Reserve](/org/federal-reserve-system). Prior to this, they were the Head of Economic Research at the Hong Kong Monetary Authority from June 2018 to December 2019. In this role, they advised senior HKMA officials on developments in the global economy and provided surveillance on salient risks and on Hong Kong's financial stability. Jason also provided macroeconomic analysis to investment professionals at HKMA's Exchange Fund Investment Office. 

Jason has also worked with International Organisations such as the [Bank for International Settlements](/org/bank-for-international-settlements) and [International Monetary Fund](/org/international-monetary-fund) via joint research projects, forums and conferences, and consultations. Jason has helped steer HKMA's digitalisation efforts, particularly on the automation of surveillance products and on data science applications to economic research. Jason has also conducted original research in the fields of capital flows, monetary policy, the Chinese economy, and applied econometrics.

[

Jason Wu has a Ph.D. in Economics from the University of Wisconsin-Madison, and a Bachelor of Commerce (1st class honours) in Marketing and Economics from The University of Auckland.

Jason Wu works with Emre Yoldas - Assistant Director, Joseph W. Gruber - Deputy Director, and Shaghil Ahmed - Deputy Director. Jason Wu reports to Beth Anne Wilson, Director, International Finance.

Jason Wu

Jay Schwarz is currently the Assistant General Counsel at the [Federal Reserve](/org/federal-reserve-system). Jay has over fifteen years of experience as a lawyer, including stints at [Sullivan & Cromwell LLP](/org/sullivan-cromwell-llp) and the United States Court of Appeals. Jay has a Juris Doctor from Harvard Law School and a Bachelor of Arts in Jay'story from [Yale University](/org/yale-university).

Jay Schwarz first attended [Duke University](/org/duke-university) where they obtained their undergraduate degree. Jay then went on to attend [Duke University](/org/duke-university) School of Law where they obtained their law degree.

Some of their coworkers include Asad Kudiya - Assistant General Counsel, Reena Sahni - Associate General Counsel, and Sean Croston - Assistant General Counsel. Their manager is Mark E. Van Der Weide, General Counsel.

Jay Schwarz

Dafina Stewart is the Assistant General Counsel at the [Federal Reserve](/org/federal-reserve-system). Dafina has held this position since December 2017. Prior to that, they were a Visiting Scholar at the [Federal Reserve](/org/federal-reserve-system) Bank of San Francisco from January 2017 to December 2017. From January 2011 to December 2018, they were Senior Counsel at the [Federal Reserve](/org/federal-reserve-system) System. In this role, they supervised and coordinated teams of attorneys, financial analysts, and economists in evaluating proposals by domestic and foreign banking organizations to engage in acquisitions and banking and non-banking activities; resolve legal and supervisory issues; and oversee drafting of orders, approval letters, and legal interpretations on various issues. Dafina also led, mentored, and developed staff attorneys, teaching the necessary skills to conduct the work of the [Federal Reserve](/org/federal-reserve-system); established priorities and monitored timelines and progress of assignments; evaluated staff’s development of legal and analytical skills; and conducted performance evaluations. Stewart has extensive experience drafting, implementing, and interpreting liquidity regulations, including the Liquidity Coverage Ratio rule, the Net Stable Funding Ratio rule, and Enhanced Prudential Standards.

Dafina Stewart attended the [University of Pennsylvania](/org/university-of-pennsylvania), where they received a Bachelor of Arts in Sociology and Mathematics. Dafina then attended [Columbia University](/org/columbia-university) in the City of New York, where they received their Juris Doctor in Law. Dafina is currently certified from both New York State and Washington, DC in Bar Membership.

Some of their coworkers include Jay Schwarz - Assistant General Counsel, Asad Kudiya - Assistant General Counsel, and Reena Sahni - Associate General Counsel. Dafina Stewart reports to Mark E. Van Der Weide, General Counsel.

Dafina Stewart

Brian M. Doyle is the current Deputy Director at the [Federal Reserve](/org/federal-reserve-system). Brian has been in this position since July 2014. Prior to this, they were a Senior Adviser at the [Federal Reserve](/org/federal-reserve-system) Board from January 1999 to July 2014. In this role, they provided advice on a wide range of economic and financial issues.

Brian M. Doyle received their Doctor of Philosophy (PhD) in Economics from [Princeton University](/org/princeton) and their Bachelor of Arts (BA) in Economics from [Queen's University](/org/queens-university).

They work with Andrea De Michelis - Assistant Director, Shaghil Ahmed - Deputy Director, and Emre Yoldas - Assistant Director. Brian M. Doyle reports to Beth Anne Wilson, Director, International Finance.

Brian M. Doyle

Michael T. Kiley is the Deputy Director at the [Federal Reserve](/org/federal-reserve-system). Michael has over 15 years of experience in the financial industry, with a focus on compliance and risk management. 

Prior to their current role, Kiley served as an Audit Manager at [Wells Fargo](/org/wells-fargo), responsible for annual Enterprise Risk Management (ERM) assessment work. In this role, they led a team of auditors and served as a liaison to audit teams to ensure timely, high quality completion of ERM assessment work. Michael also supported the Executive Audit Director and leadership team by coordinating reporting and audit plan monitoring.

Before [Wells Fargo](/org/wells-fargo), Kiley spent 10 years at the [Federal Reserve](/org/federal-reserve-system) Bank of Minneapolis, where they served as a Business Analyst IV and led the Compliance Team. In this role, they provided work direction to three business analysts supporting information security policy, records management, contingency, audit, change management, data privacy, and other compliance related programs and tasks. Michael also monitored the security posture of two information systems and ensured the availability, integrity, and confidentiality of information for both systems by implementing and monitoring compliance with federal information security requirements as the Information Site Security Officer (ISSO). In addition, Kiley consulted with management and staff at FRB Minneapolis and Department of the Treasury on compliance related topics including operational changes, policy changes, incidents, and exception situations. Michael also led a project track for a major project to expand functionality of customer relationship management tool.

During their time at the [Federal Reserve](/org/federal-reserve-system) Bank of Minneapolis, Kiley established a department compliance program for a department encompassing complex operational activities and associated regulations, requirements, and guidelines. Michael also coordinated two major audits, including audit preparation, which resulted in no findings. When they assumed the role of ISSO with little notice, they successfully completed required annual audits with minimal findings.

Kiley’s experience in compliance and risk management make him well-suited for their current role as Deputy Director at the [Federal Reserve](/org/federal-reserve-system).

Michael T. Kiley earned their MBA in Strategic Management from the University of Minnesota - Carlson School of Management. Prior to that, they earned a Bachelor of Arts in Economics and French from Valparaiso University. Michael has also completed coursework in Leadership at Harvard Business School Executive Education.

They are on a team with David Arseneau - Assistant Director, Bora Durdu - Assistant Director. John Schindler - Senior Associate Director, William Bassett - Senior Associate Director report to Michael T. Kiley. Their manager is Andreas W. Lehnert, Director, Financial Stability.

Michael T. Kiley

John Schindler is currently a Senior Associate Director at the [Federal Reserve](/org/federal-reserve-system). Prior to this, they worked at the [Federal Reserve](/org/federal-reserve-system) Board.

John Schindler has a PhD in Economics from the [University of Pennsylvania](/org/university-of-pennsylvania) and a BA in Economics and Mathematics from [Washington and Lee University](/org/washington-and-lee-university). John also attended Phoenixville Area High School.

They are on a team with and William Bassett - Senior Associate Director. Some direct reports include Namirembe Mukasa - Deputy Associate Director and Chief of Staff, Chiara Scotti - Assistant Director, Financial Stability Assessment. John Schindler reports to Michael T. Kiley, Deputy Director.

John Schindler

Andrew M. Cohen is currently the Assistant Director, Financial Institution Risk Evaluation at the [Federal Reserve](/org/federal-reserve-system). Prior to this, they were the Vice President - Retail Bank Senior Compliance Officer at [Capital One](/org/capital-one) from September 2018 to June 2022. Cohen also has experience as a Senior Exam Manager at the [Consumer Financial Protection Bureau](/org/consumer-financial-protection-bureau) from July 2011 to September 2018 and as a Commissioned Examiner at the Office of Thrift Supervision from June 2007 to July 2011.

Andrew M. Cohen started their educational career by obtaining a Bachelor of Business Administration from Villanova University. Andrew then went on to obtain a Master of Business Administration from [Old Dominion University](/org/old-dominion-university). Finally, they completed a Graduate School of Banking at Colorado and obtained certifications from the American Banker in Certified Regulatory Compliance Manager (CRCM) and Certified Anti-Money Laundering Specialist (CAMLS).

Andrew M. Cohen works with and Elizabeth Klee - Senior Associate Director. Andrew M. Cohen reports to William Bassett, Senior Associate Director.

Andrew M. Cohen

William Bassett is currently the Senior Associate Director at the [Federal Reserve](/org/federal-reserve-system). William has been with the company since 1999, starting as a section chief before eventually becoming the assistant director and then deputy associate director.

William Bassett received their Doctor of Philosophy in Economics from [Brown University](/org/brown-university) and their Bachelor of Science in Economics from [Rensselaer Polytechnic Institute](/org/rensselaer-polytechnic-institute).

Their manager is Michael T. Kiley, Deputy Director. They are on a team with and John Schindler - Senior Associate Director. Some individuals on their team include Elizabeth Klee - Senior Associate Director, Andrew M. Cohen - Assistant Director, Financial Institution Risk Evaluation .

William Bassett

Michelle A. Smith is the current Division Director, Assistant to the Board and Chief of Staff at Federal Reserve. Michelle has been in this role since January 2001. Prior to that, they served as the Assistant Secretary for Public Affairs at the US Department of the Treasury from January 1993 to January 2001. From January 1992 to December 1992, they were the Deputy Press Secretary for US Senator Lloyd Bentsen.

Michelle A. Smith is a Master of International Journalism from [Baylor University](/org/baylor-university). Michelle has a degree in Journalism, Political Science, and Economics.

Michelle A. Smith

Nicole Bynum is currently the Deputy Director at the [Federal Reserve](/org/federal-reserve-system). Prior to this, they served as the Chief Operating Officer at the Office of Financial Research from February 2013 to September 2016. In this role, they were responsible for the strategic management and effective oversight of the organization's infrastructure, including finance/budget, human capital, procurement, strategic planning, facilities (DC/NY), risk management, governance, audit, privacy, FOIA, and records management.

From March 2009 to February 2013, Nicole served as the Chief of Management & Operations at the Office of Financial Stability at the US Department of the Treasury. In this role, they were responsible for strategically managing key components of operations for the Troubled Asset Relief Program (TARP), which had a budget of $700 billion. Key components included technology, human resources, contract administration, facilities, privacy, FOIA, records management, and investment operations.

Prior to their work at the US Department of the Treasury, Nicole served as the Director of Regulatory Reporting at [Fannie Mae](/org/fannie-mae) from May 2006 to February 2009. Before that, they worked as a Consultant at Powell Goldstein LLP from January 2006 to December 2006. Nicole began their career in 1995 as the Ethics Director at MCI, where they worked until December 2006.

Nicole Bynum has a J.D. from the University of Virginia School of Law and a B.S. in Psychology from [Georgetown University](/org/georgetown-university).

Nicole Bynum reports to Eric S. Belsky, Director, Consumer and Community Affairs. Some of their coworkers include Benjamin Olson - Senior Associate Director, Consumer and Community Affairs, Joseph A. Firschein - Associate Director, and Carolyn Welch - Chief of Staff.

Nicole Bynum

Gregory L. Evans is currently the Senior Associate Director at the [Federal Reserve](/org/federal-reserve-system). Gregory has been in this role since 2007. Prior to that, they were with the [Federal Reserve](/org/federal-reserve-system) Board from 1987-2007. Before their time at the [Federal Reserve](/org/federal-reserve-system), they worked as an auditor for Arthur Andersen & Co from July 1985 to July 1987.

Gregory L. Evans attended Michigan State University - Eli Broad College of Business, where they earned their BA in Accounting. Gregory was a member of the Honors College at MSU.

They work with Marta Chaffee - Senior Associate Director, Michael Lambert - Associate Director, and Jason A. Hinkle - Assistant Director. Gregory L. Evans reports to Matthew J. Eichner, Director, Operations and Payment Systems.

Gregory L. Evans

Amy M. Kelley is currently the Assistant Director at the [Federal Reserve](/org/federal-reserve-system). Amy has over ten years of experience working in finance and management. Prior to their current position, they served as the Director of Strategic Projects for the New York State Insurance Fund. Ms. Kelley also has experience working as a Manager for Statistics at the [Federal Reserve](/org/federal-reserve-system) Board and as an Analyst for Margin, Valuations & Pricing at [Goldman Sachs](/org/goldman-sachs).

Amy M. Kelley began their educational career at [Columbia College](/org/columbia-college), [Columbia University](/org/columbia-university), where they earned a Bachelor of Arts in Amy'story. Amy then pursued a Master of Policy Management at [Georgetown University](/org/georgetown-university) with a focus in economic policy. Finally, they obtained certification from the National Wine School (NWS) in Sommelier - Level III.

Some of their coworkers include Nicole Bynum - Deputy Director, Carolyn Welch - Chief of Staff, and Benjamin Olson - Senior Associate Director, Consumer and Community Affairs. Their manager is Eric S. Belsky, Director, Consumer and Community Affairs.

Amy M. Kelley

Katherine K. Tom is the current Chief Data Officer at the [Federal Reserve](/org/federal-reserve-system). Katherine has held this position since September of 2018. Prior to that, they were the Director of Data & Analytical Solutions at the Office of the Comptroller of Currency from April 2009 to September 2018. In that role, they led the implementation of OCC Enterprise Data Governance and represented OCC on FSOC Data Committee. Katherine Tom has also served as a Manager at [Deloitte](/org/deloitte) from September 2000 to September 2003, and as a Data Analyst / SAS Programmer at [Johns Hopkins University](/org/johns-hopkins-university) from January 1996 to April 1998.

Some of their coworkers include Sharon L. Mowry - Director, Information Technology & Chief Information Officer, Michael Kraemer - Chief Data Officer, and Andrew Leonard - Chief Risk Officer. Katherine K. Tom reports to Patrick J. McClanahan, Chief Operating Officer.

Katherine K. Tom

Joseph Firschein is the Associate Director at the [Federal Reserve](/org/federal-reserve-system). Joseph has over 20 years of experience in public and private sector financing, development, and management. 

Joseph began their career in 1997 as a Program Manager at the US Treasury's Community Development Financial Institutions Fund. In this role, they managed CDFI financing and developed guidelines and review criteria for financial assistance applicants. 

In 2000, Joseph joined America Online (AOL) as a Senior Program Manager. Joseph was responsible for developing and implementing new product requirements for AOL software development projects, as well as managing the development and marketing of AOL's broadband products. 

In 2004, Joseph left AOL to join [Fannie Mae](/org/fannie-mae) as Director. In this role, they oversaw the business segment responsible for financing community development financial institutions, and led [Fannie Mae](/org/fannie-mae)'s efforts to sell foreclosed single family homes to public entities and nonprofits. 

In 2008, Joseph left [Fannie Mae](/org/fannie-mae) to join the [Federal Reserve](/org/federal-reserve-system). In their current role as Associate Director, they are responsible for the supervision of state member banks, bank holding companies, and foreign banking organizations.

Joseph A. Firschein has an MBA in Finance and Marketing from the University of Maryland - Robert H. Smith School of Business, a MPP in Public Policy from the University of California, Berkeley - Goldman School of Public Policy, and a BA in Psychology from Stanford University.

Their manager is Eric S. Belsky, Director, Consumer and Community Affairs. They work with Carolyn Welch - Chief of Staff, Amy M. Kelley - Assistant Director, and Nicole Bynum - Deputy Director.

Joseph A. Firschein

Viktors Stebunovs is the current Deputy Associate Director at the [Federal Reserve](/org/federal-reserve-system). Viktors has previous experience working as an intern at both the [Federal Reserve](/org/federal-reserve-system) Bank of Kansas City and the [European Central Bank](/org/european-central-bank).

Viktors Stebunovs has a Ph.D. in Economics from [Boston College](/org/boston-college), an MA in Applied Economics from [Binghamton University](/org/binghamton-university), and a BA in Economics/Accounting from Latvijas Universitate.

Viktors Stebunovs reports to Beth Anne Wilson, Director, International Finance. They work with Jasper Hoek - Assistant Director, Daniel Beltran - Deputy Associate Director, and Jason Wu - Associate Director.

Viktors Stebunovs

Daniel Beltran is the current Deputy Associate Director at the [Federal Reserve](/org/federal-reserve-system). Daniel has over 20 years of experience in the financial industry, working as a Quantitative Analyst, Senior Financial Analyst, and more. 

Daniel Beltran began their career in 1999 as a Senior Financial Analyst at Dixie Toga. Daniel then moved to [General Motors](/org/general-motors) in 2001, where they prepared economic forecasts for the CEO and management. In 2006, they left [General Motors](/org/general-motors) to work as a Quantitative Analyst at [Barclays](/org/barclays). There, they developed Bayesian Dynamic Linear Models to forecast Emerging Market exchange rates, GARCH models to forecast volatility, affine and latent factor models to forecast yield curves. Daniel also conducted simulations of hypothetical trades using past data to identify profitable trading strategies. In June 2007, Daniel Beltran left [Barclays](/org/barclays) to join the [Federal Reserve](/org/federal-reserve-system). 

At the [Federal Reserve](/org/federal-reserve-system), Daniel Beltran has held various positions including Deputy Associate Director. In this role, they are responsible for overseeing the day-to-day operations of the [Federal Reserve](/org/federal-reserve-system) and providing guidance on monetary policy.

Daniel Beltran received their PhD in International Economics from the University of California, Santa Cruz. Daniel also has a Master of Science in Applied Economics and Finance from the same school, as well as a Master of Business Administration from [Ibmec](/org/ibmec). Daniel's undergraduate degree is in Economics from the University of Michigan. Daniel also has a certification from [LinkedIn](/org/linkedin) in Delegating Tasks.

They are on a team with Jasper Hoek - Assistant Director, Brett Berger - Senior Adviser, and Andrea De Michelis - Assistant Director. Their manager is Beth Anne Wilson, Director, International Finance.

Daniel Beltran

David Arseneau is the current Assistant Director at the [Federal Reserve](/org/federal-reserve-system). Prior to this, they were an Adjunct Professor at [Georgetown University](/org/georgetown-university) from January 2007 to December 2009. From 2003 to 2010, Arseneau worked as an Economist at the [Federal Reserve](/org/federal-reserve-system) Board. David has also worked as a Short-term Consultant at The World Bank and as a Research Assistant at Boston Health Economics and Policy Analysis, Inc.

David Arseneau has a PhD in Economics from the [University of Virginia](/org/university-of-virginia), an MA in Economics from the [University of Virginia](/org/university-of-virginia), and a BA in Economics from [Boston College](/org/boston-college).

Their manager is Andreas W. Lehnert, Director, Financial Stability. David Arseneau works with Michael T. Kiley - Deputy Director, Bora Durdu - Assistant Director.

David Arseneau

Leah Middleton is currently the Assistant Director at the [Federal Reserve](/org/federal-reserve-system). Leah has worked in this position since September 2007. Prior to that, they were a Project Analyst at PRA International from March 2007 to September 2007. Leah also served in the United States Marine Corps from May 2001 to March 2007, where they were a Merchandise Planner Analyst and Assistant Buyer.

Leah Middleton has a Master of Business Administration (M.B.A.) from the [University of Mary Washington](/org/university-of-mary-washington) in Organization and Human Resource Development. Leah also has a Bachelor’s Degree in Management from [George Mason University](/org/george-mason-university). In addition, Leah has two certifications: one from [Georgetown University](/org/georgetown-university) in Strategic Management and one from Prosci in Change Management Practitioner.

Some of their coworkers include Andreas W. Lehnert - Director, Financial Stability, Michael S. Gibson - Director, Supervision and Regulation, and Matthew J. Eichner - Director, Operations and Payment Systems. Leah Middleton reports to Jerome Powell, Chair of the Board of Governors.

Leah Middleton

Anthony Cain is the current Assistant Director at the [Federal Reserve](/org/federal-reserve-system). Anthony has over 20 years of experience in the financial industry, starting their career as a Commissioned Bank Examiner for the [FDIC](/org/federal-deposit-insurance-company) in 1999. In 2005, they became a Supervisory Financial Analyst for the Board of Governors of the [Federal Reserve](/org/federal-reserve-system) System until 2011 when they transitioned to the [FDIC](/org/federal-deposit-insurance-company) as a Senior Complex Financial Institutions Analyst. Anthony held this position until 2013 when they assumed their current role.

Anthony Cain has a Master of Business Administration (MBA) from the University of Maryland - Robert H. Smith School of Business and a Bachelor of Science (BS) in Accounting and Business/Management from Harris-Stowe University (State College).

Anthony Cain reports to Michael S. Gibson, Director, Supervision and Regulation. Anthony Cain works with Kavita Jain - Deputy Associate Director, Emily Wells - Assistant Director, and Uzma Wahhab - Associate Director.

Anthony Cain

Deborah Flores is currently the assistant director at the [Federal Reserve](/org/federal-reserve-system). Deborah has previous experience working as a lead management analyst, a senior management analyst, and a management analyst for the [Federal Reserve](/org/federal-reserve-system) Board. Deborah also has experience working as an administrative technician and an administrative assistant. Deborah has a long history of working in various administrative positions and has been with the [Federal Reserve](/org/federal-reserve-system) Board for over 10 years.

Their manager is Stacey M. Tevlin, Director, Research and Statistics. Some of their coworkers include Marco Cagetti - Assistant Director, Giovanni Amisano - Assistant Director, and Binoy Agarwal - Assistant Director and Chief.

Deborah Flores

Shawn Buckner is currently the Assistant Director at the [Federal Reserve](/org/federal-reserve-system). Prior to their current position, Shawn served as the Director for the U.S. [Department of the Interior](/org/department-of-the-interior) from August 2013 to April 2021. In this role, Shawn provided day-to-day operations support related to strategy, budget and operations to the Executive of the Land Buy-Back Program in the Office of the Secretary. Shawn also managed all federal and contractor staff for Program management related to Program implementation, including operations, problem solving, performance management and evaluation. Shawn met monthly with Deputy Secretary and [Oversight Board](/org/oversight-board) to discuss Program accomplishments, risks, issues, and strategy to effectively manage and achieve the Department goals.

Prior to their role at the [Department of the Interior](/org/department-of-the-interior), Shawn served as the Chief of Program Operations for the [Internal Revenue Service](/org/internal-revenue-service)'s Office of Safeguards from February 2011 to August 2013. In this role, Shawn was responsible for overseeing all aspects of program operations for the office, including budgeting, staffing, training, and performance management.

Before joining the [Internal Revenue Service](/org/internal-revenue-service), Shawn served as the Chief Operating Officer for the DC Department of Human Services from August 2009 to February 2011. In this role, Shawn was responsible for overseeing all aspects of the department's operations, including budgeting, staffing, training, and performance management.

Shawn Buckner has a Master of Science in Public Policy and Management from Carnegie Mellon University - Heinz College of Information Systems and Public Policy, a Doctor of Law (JD) from the University of Pittsburgh School of Law, and a Bachelor of Arts (B.A.) in Political Science and Government from [Virginia Commonwealth University](/org/virginia-commonwealth-university).

They are on a team with Giovanni Amisano - Assistant Director, Kevin Moore - Assistant Director, and Christopher Kurz - Assistant Director and Chief. Their manager is Stacey M. Tevlin, Director, Research and Statistics.

Shawn Buckner

Benjamin Olson is a Senior Associate Director at the [Federal Reserve](/org/federal-reserve-system). Benjamin has over eight years of experience in consumer financial protection, including seven years at the [Consumer Financial Protection Bureau](/org/consumer-financial-protection-bureau). There, they oversaw the preparation of eight Dodd-Frank Act mortgage rulemakings, including the CFPB’s Ability-to-Repay/Qualified Mortgage rule, Mortgage Servicing rules, and Loan Originator Compensation rule. Prior to that, they served as the office's Managing Counsel for Mortgage Products and led the CFPB’s preparation of proposed regulations and forms integrating federal mortgage disclosures under the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). Mr. Olson also advised credit card issuers, mortgage lenders and servicers, and other providers of consumer financial products and services on compliance with consumer protection statutes and regulations and responding to examinations and investigations by federal and state agencies as a Partner at Buckley LLP.

Benjamin Olson has a J.D. from Georgetown University Law Center and a B.A. in English from [Tulane University](/org/tulane-university).

Benjamin Olson reports to Eric S. Belsky, Director, Consumer and Community Affairs. Benjamin Olson works with Carolyn Welch - Chief of Staff, Nicole Bynum - Deputy Director, and Joseph A. Firschein - Associate Director.

Benjamin Olson

Emre Yoldas is currently the Assistant Director at the [Federal Reserve](/org/federal-reserve-system). Emre previously worked as an Assistant Professor at [Bentley University](/org/bentley-university) from 2009 to 2011.

Emre Yoldas received their Doctor of Philosophy in Economics from the [University of California, Riverside](/org/university-of-california-riverside). Emre also holds a Bachelor of Arts in Accounting and Finance from Marmara University.

Emre Yoldas works with Brett Berger - Senior Adviser, Matteo Lacoviello - Deputy Associate Director, Trade and Financial Studies, and Daniel Beltran - Deputy Associate Director. Emre Yoldas reports to Beth Anne Wilson, Director, International Finance.

Emre Yoldas

Seung Jung Lee is currently the Assistant Director at the [Federal Reserve](/org/federal-reserve-system). Prior to this, they served as the Chief of the International Financial Stability Section from June 2018 to October 2021. In this role, they managed a group of economists, data scientists, research assistants, and interns in their research and policy work related to financial stability and data analytics. Seung was also involved in the Quantitative Surveillance (QS) Process, including the drafting of the Financial Stability Report (FSR), managing the International Financial Stability Matrix (IFSM), and creating/maintaining various indicators of financial vulnerabilities and financial stress. In addition, they led System-wide projects related to cleaning and connecting a wide range of syndicated lending and bank lending datasets to other datasets. Lastly, they managed System-wide projects on natural language processing (NLP), machine learning (ML), and artificial intelligence (AI).

Before their role as Chief of the International Financial Stability Section, Lee served as Senior Economic Project Manager from October 2015 to June 2018 and Principal Economist in the same section from November 2014 to October 2015.

Seung Jung Lee has a Ph.D. and Masters in Economics from the University of Chicago, a Bachelor of Arts in Economics from [Yale University](/org/yale-university), and studied Economics at [Seoul National University](/org/seoul-national-university) and Humanities at Jongro Academy and Kyunggi High School.

Some of their coworkers include Kavita Jain - Deputy Associate Director, Anthony Cain - Assistant Director, and Uzma Wahhab - Associate Director. Seung Jung Lee reports to Michael S. Gibson, Director, Supervision and Regulation.

Seung Jung Lee

Marco Cagetti is currently the Assistant Director at the [Federal Reserve](/org/federal-reserve-system). Marco previously worked as an Assistant Professor at the [University of Virginia](/org/university-of-virginia) from January 2000 to December 2006.

Marco Cagetti received their Ph.D. in Economics from the University of Chicago and their Laurea in Economics and Social Sciences from Università Bocconi.

Marco Cagetti reports to Stacey M. Tevlin, Director, Research and Statistics. Some of their coworkers include Daniel M. Covitz - Deputy Director, Binoy Agarwal - Assistant Director and Chief, and Deborah Flores - Assistant Director.

Marco Cagetti

Jasper Hoek is the current Assistant Director at the [Federal Reserve](/org/federal-reserve-system). Jasper has worked in various positions in the economic field for many years. Most recently, they were an Economist at the U.S. Treasury Department, Office of International Affairs from January 2006 to December 2009. Prior to that, they were an Assistant Professor at [New Mexico State University](/org/new-mexico-state-university) from August 2004 to June 2005. Jasper Hoek's experience and knowledge in economics make him a valuable asset to the [Federal Reserve](/org/federal-reserve-system).

Jasper Hoek has a Ph.D. in Economics from the University of Michigan and a BA in Economics and Music from [Columbia University](/org/columbia-university).

Jasper Hoek reports to Beth Anne Wilson, Director, International Finance. They are on a team with Shaghil Ahmed - Deputy Director, Joseph W. Gruber - Deputy Director, and Daniel Beltran - Deputy Associate Director.

Jasper Hoek

Andrew Meldrum is the current Assistant Director at the [Federal Reserve](/org/federal-reserve-system). Andrew has worked in the financial industry for over 15 years, starting as a Senior Economist at the [Bank of England](/org/bank-of-england) in 2002. In 2008, they left the [Bank of England](/org/bank-of-england) to pursue a PhD at the [University of Cambridge](/org/university-of-cambridge), and returned to the [Bank of England](/org/bank-of-england) in 2011 as an Advisor on financial markets. Andrew left the [Bank of England](/org/bank-of-england) in 2016 to join the [Federal Reserve](/org/federal-reserve-system).

Andrew Meldrum studied economics at [Durham University](/org/durham-university), where they earned their BA. Andrew then went on to study economics and international banking and finance at Birkbeck, [University of London](/org/university-of-london) and [Durham University](/org/durham-university), respectively, earning their Master of Science degrees in both fields. Finally, they earned their PhD in economics from the [University of Cambridge](/org/university-of-cambridge).

Andrew Meldrum reports to Trevor A. Reeve, Director, Monetary Affairs. They are on a team with James A. Clouse - Senior Associate Director, Rochelle M. Edge - Deputy Director.

Andrew Meldrum

Nischala Nimmakayala is currently the Assistant Director at the [Federal Reserve](/org/federal-reserve-system). Prior to this, they spent over 20 years in various software engineering positions. 

Nischala started their career as a programmer analyst at Cs Software Enterprise Ltd in 1997. Nischala then moved to Mahi Networks as a software engineer in 2001. After a short stint there, they joined Meaningful Machines as a software engineer in October 2001. 

In 2006, they switched gears and moved to [Fannie Mae](/org/fannie-mae) as a senior software developer and tech lead. Nischala then spent a year as an applications systems engineer/lead at Wells Fargo Home Mortgage from September 2011 to March 2012. 

Most recently, they were with [Capital One](/org/capital-one) from March 2012 to February 2022, where they held the position of Sr. Director, Software Engineering.

Nischala N. Nimmakayala attended the University of Virginia Darden School of Business for their Executive Leadership Development Program. Nischala also attended Osmania University and Sri Sathya Sai Institute of Higher Learning. Nischala is certified by ScrumAlliance as a Certified ScrumMaster and by Sun Microsystems as a Sun Certified Java Developer.

Nischala N. Nimmakayala reports to Jerome Powell, Chair of the Board of Governors. Nischala N. Nimmakayala works with Eric S. Belsky - Director, Consumer and Community Affairs, Patrick J. McClanahan - Chief Operating Officer, and Mark Bialek - Inspector General.

Nischala N. Nimmakayala

Edward Anderson is the current Assistant Director at the [Federal Reserve](/org/federal-reserve-system). Prior to this, they were VP at Declaration Management & Research from April 2008 to July 2012. Before that, they were VP at Wachovia Securities from November 2004 to January 2008. Their other previous positions include Senior Associate at Progress Energy from May 2002 to October 2004 and Associate at Mirant from June 2000 to April 2002.

Edward Anderson attended Virginia Polytechnic Institute and State University, where they earned a BS in mathematics and computer engineering. Edward then attended Carnegie Mellon University - Tepper School of Business, where they earned an MS in computational finance.

Edward Anderson reports to Jerome Powell, Chair of the Board of Governors. They work with Beth Anne Wilson - Director, International Finance, Caio Peixoto - Assistant Director, and Evan Howard Winerman - Assistant General Counsel.

Edward Anderson

Christopher Kurz is the current Assistant Director and Chief at the [Federal Reserve](/org/federal-reserve-system). Prior to this, they were an Adjunct Professor at [Johns Hopkins University](/org/johns-hopkins-university) Advanced Academic Programs from January 2013 to December 2015, a Visiting Scholar at Elliott School of International Affairs from September 2010 to December 2010, and an Adjunct Professor at [Johns Hopkins University](/org/johns-hopkins-university) SAIS from January 2006 to December 2008. Christopher has also worked for the [Federal Reserve](/org/federal-reserve-system) Board in the past, specifically as a Principal Economist from January 2005 to December 2016.

Christopher Kurz's educational career includes a Doctor of Philosophy (Ph.D.) in Economics from the University of Michigan, a Master's degree in Economics from the University of Michigan, and a Bachelor's degree in Honors Economics from [The University of Texas at Austin](/org/the-university-of-texas-at-austin).

They work with Giovanni Amisano - Assistant Director, Jeffrey C. Campione - Deputy Director, and Celso Brunetti - Assistant Director. Christopher Kurz reports to Stacey M. Tevlin, Director, Research and Statistics.

Christopher Kurz

Sean Croston is currently the Assistant General Counsel at the [Federal Reserve](/org/federal-reserve-system). Prior to this, they worked as an attorney at the [Federal Trade Commission](/org/federal-trade-commission) from April 2013 to January 2014, where they were responsible for ethics training, reviewing financial disclosure reports, post-employment requests, financial conflicts of interest, outside activities, FOIA appeals, professional responsibility, and miscellaneous administrative law projects. Sean also worked as an attorney at the U.S. Nuclear Regulatory Commission from September 2007 to April 2013, where they were responsible for ethics training, financial disclosure, Hatch Act, gifts, post-employment, and criminal conflicts analyses; liaison with OIG; lead or co-counsel in several appellate lawsuits and administrative hearings before [EEOC](/org/eeoc) and Civilian Board of Contract Appeals; proposed and drafted agency rulemaking actions; key point of contact for FOIA/Privacy Act/Congressional requests for information, appropriations law, Congressional Review Act, and Administrative Procedure Act. Some of Sean's notable achievements include drafting the agency's response to Executive Orders regarding the regulatory review process (77 Fed. Reg. 21625 (2012)), being lead counsel in Vermont Dep’t of Pub. Serv. v. NRC (684 F.3d 189 (D.C. Cir. 2012)), and being lead counsel in Peterson v. NRC (411 Fed. Appx. 338 (D.C. Cir. 2011)).

Sean Croston attended the [University of Rochester](/org/university-of-rochester) for their Bachelor of Arts in Political Science and Government. Afterward, they attended William & Mary for their Doctor of Law. Sean is certified by the U.S. Court of Appeals for the D.C. Circuit and the Virginia State Bar.

Sean Croston reports to Mark E. Van Der Weide, General Counsel. They are on a team with Dafina Stewart - Assistant General Counsel, Charles Gray - Deputy General Counsel, and Richard M. Ashton - Deputy General Counsel.

Sean Croston

Ian Spear is the Assistant Director, Operations & Payment Systems at [Federal Reserve](/org/federal-reserve-system). Ian has over three years of experience in advising financial services and technology companies on compliance with state and federal laws governing electronic payments, online and mobile banking, money transmission, anti-money laundering, the Electronic Signatures in Global and National Commerce Act (ESIGN), and the Uniform Electronic Transactions Act (UETA).

Ian Spear earned their Juris Doctor degree cum laude from American University Washington College of Law. Prior to that, they earned their Bachelor of Arts degree cum laude from the University of Michigan.

Ian Spear works with Michael Lambert - Associate Director, Jason A. Hinkle - Assistant Director, and David C. Mills - Associate Director. Ian Spear reports to Matthew J. Eichner, Director, Operations and Payment Systems.

Ian Spear

Eric Belsky is Director of the Division of Consumer and Community Affairs, The [Federal Reserve](/org/federal-reserve-system) Board. The Division of Consumer and Community Affairs ensures that the voices and concerns of consumers and communities are represented at the [Federal Reserve](/org/federal-reserve-system). It has primary responsibility for carrying out the Board of Governors' consumer financial protection and community development programs. It also conducts consumer-focused supervision, research, and policy analysis to promote a fair and transparent consumer financial services marketplace.

Before his appointment to the [Federal Reserve](/org/federal-reserve-system), Dr. Belsky was Managing Director of the Joint Center for Housing Studies of Harvard University and Lecturer in Urban Planning and Design at the Harvard Graduate School of Design. The Center is a collaborative venture of the Graduate School of Design and the John F. Kennedy School of Government conducting research on the nation’s most critical housing and urban issues.

Prior to his Harvard appointments, Dr. Belsky led the Housing Finance and Credit Analysis Group at Price Waterhouse LLP. He has also held the positions of Director of Housing Finance Research at [Fannie Mae](/org/fannie-mae), Senior Economist at the National Association of Home Builders, and Assistant Professor at the University of Massachusetts at Amherst.

Dr. Belsky currently serves on the editorial boards of the Journal of Housing Research and Housing Policy Debate, the board of the Opportunity Finance Network, the Affordable Housing Advisory Council of [Fannie Mae](/org/fannie-mae), the National Community Advisory Council of Bank of America, and the National Advisory Council of CredAbility. In 2001 and 2002, Dr. Belsky also served as Research Director for the bipartisan Millennial Housing Commission established by the Congress of the United States.

Eric S. Belsky

Tevlin started at the Board in 1995 as an economist in the Division of Monetary Affairs and held a number of positions in the Division of Research and Statistics leading teams of economists helping to produce the staff's forecast of the U.S. economy. From 2014 to 2016, she also served as special adviser to then-Vice Chairman Stanley Fischer. Tevlin's research has focused on business investment and the macro economy.

Tevlin received her B.A. in economics from [Northwestern University](/org/northwestern-university) in 1990 and her Ph.D. in economics from the Massachusetts Institute of Technology in 1995.

Stacey M. Tevlin

Lael Brainard took office as the Vice Chair of the Board of Governors of the Federal Reserve System on May 23, 2022, for a four-year term. Dr. Brainard has served as a member of the Board of Governors of the Federal Reserve System since taking office on June 16, 2014, to fill an unexpired term ending January 31, 2026.

From 2009 through 2013, Dr. Brainard served as Under Secretary of the [U.S. Department of the Treasury](/org/u-s-department-of-the-treasury) and counselor to the Secretary of the Treasury, where she received the Alexander Hamilton Award. During this time, she was the U.S. representative to the G-20 Finance Deputies and G-7 Deputies and was a member of the Financial Stability Board.

Prior to that, Dr. Brainard was vice president and the founding director of the Global Economy and Development Program.

Previously, Dr. Brainard served as the Deputy National Economic Adviser and Deputy Assistant to the President and G-7 Sherpa.

From 1990 to 1996, Dr. Brainard was assistant and associate professor of applied economics at the Massachusetts Institute of Technology Sloan School of Management.

Dr. Brainard received a BA with university honors from [Wesleyan University](/org/wesleyan-university) and an MS and a PhD in economics from Harvard University, where she was awarded a National Science Foundation Fellowship. She is also the recipient of the Harvard Centennial Medal and the White House Fellowship.

Lael Brainard

Michelle W. Bowman took office as a member of the Board of Governors of the Federal Reserve System on November 26, 2018, to fill an unexpired term ending January 31, 2020. She was reappointed to the Board on January 23, 2020, and sworn in on January 30, 2020, for a term ending January 31, 2034.

Prior to her appointment to the Board, Ms. Bowman served as the state bank commissioner of Kansas from January 2017 to November 2018. She also served as vice president of Farmers & Drovers Bank in Kansas from 2010 to 2017.

In addition to her experience in the banking industry, Ms. Bowman worked in Washington, D.C. for Senator Bob Dole of Kansas from 1995 to 1996 and served as a counsel to the U.S. House Committee on Transportation and Infrastructure and the Committee on Government Reform and Oversight between 1997 and 2002. In 2002, Ms. Bowman became director of congressional and intergovernmental affairs at the Federal Emergency Management Agency. From 2003 to 2004, she served as Deputy Assistant Secretary and policy advisor to Homeland Security Secretary Tom Ridge.

Following her time in Washington, D.C., Ms. Bowman led a government and public affairs consultancy based in London before returning to Kansas in 2010.

Ms. Bowman received a BS in advertising and journalism from the [University of Kansas](/org/university-of-kansas) and a JD from the Washburn University School of Law. She is a member of the New York Bar.

Ms. Bowman is married with two children.

Michelle W. Bowman

Jerome H. Powell took office as Chair of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028.

Prior to his appointment to the Board, Mr. Powell was a visiting scholar at the Bipartisan Policy Center in Washington, D.C., where he focused on federal and state fiscal issues. From 1997 through 2005, Mr. Powell was a partner at The Carlyle Group.

Mr. Powell served as an Assistant Secretary and as Under Secretary of the U.S. Department of the Treasury under President George H.W. Bush, with responsibility for policy on financial institutions, the Treasury debt market, and related areas. Prior to joining the Bush administration, Mr. Powell worked as a lawyer and investment banker in New York City.

In addition to service on corporate boards, he has served on the boards of charitable and educational institutions, including the Bendheim Center for Finance at [Princeton University](/org/princeton) and the Nature Conservancy of Washington, D.C., and Maryland.

Mr. Powell was born in February 1953 in Washington, D.C. He received an AB in politics from [Princeton University](/org/princeton) in 1975 and earned a law degree from [Georgetown University](/org/georgetown-university) in 1979. While at Georgetown, he was editor-in-chief of the Georgetown Law Journal.

Mr. Powell is married with three children.

Jerome Powell

Mark Bialek was appointed Inspector General for the Board and the CFPB effective July 25, 2011. Mr. Bialek leads the OIG staff in promoting economy, efficiency, and effectiveness and preventing and detecting waste, fraud, and abuse within the Board's and the CFPB's programs and operations.

Mr. Bialek has more than 39 years of experience in the Inspector General community. Previously, he served as the Deputy Inspector General at the U.S. Environmental Protection Agency (EPA) OIG. In addition, he served as the Acting Deputy Inspector General, the Associate Deputy Inspector General, and the Counsel to the Inspector General at the EPA OIG. Prior to joining the EPA OIG, Mr. Bialek served for 12 years as the Deputy Counsel to the Inspector General at the U.S. Department of State OIG and for 8 years as the Associate Counsel to the Inspector General at the U.S. Department of Commerce OIG.

Mr. Bialek also served as Chairman of the Council of Counsels to the Inspectors General, an organization comprising over 250 Inspector General attorneys throughout the federal government. Further, he has lectured extensively on the roles and responsibilities of federal Inspectors General and on ethics in the federal government, including presenting to officials of foreign governments.

Mr. Bialek received his bachelor of science in sociology and political science from [Suffolk University](/org/suffolk-university) and his juris doctor from the Antioch School of Law.

Mark Bialek

Mowry began her career at the Board in 1987 as a financial reports analyst in the division, which provides information technology services to the Board, the Reserve Banks, and the Federal Financial Institutions Examination Council. She was appointed assistant director of the division in 2000 and deputy director in 2007.

Mowry succeeds Maureen Hannan, who will be retiring after 34 years of Board and government service. Mowry is a graduate of the Stonier Graduate School of Banking and the [University of Pittsburgh](/org/university-of-pittsburgh).

Sharon L. Mowry

Ricardo advises the Federal Reserve Governors on all financial matters related to the Board's operations and programs. He also leads the Financial Management Division's financial, strategic planning, information assurance, and procurement functions.

Ricardo A. Aguilera

Andreas W. Lehnert is currently Director, Financial Stability at the [Federal Reserve](/org/federal-reserve-system). Previously, they were a Director at the [Federal Reserve](/org/federal-reserve-system) Board.

Andreas W. Lehnert has a Ph.D. in Economics from the University of Chicago, an M.Sc. in Economics from The London School of Economics and Political Science (LSE), and a BA in Economics and Mathematics from [Trinity University](/org/trinity-university).

Their manager is Jerome Powell, Chair of the Board of Governors. Some individuals on their team include Michael T. Kiley - Deputy Director, David Arseneau - Assistant Director, and Bora Durdu - Assistant Director. They are on a team with Nischala N. Nimmakayala - Assistant Director, Emily Caron - Assistant Director, and Caio Peixoto - Assistant Director.

Andreas W. Lehnert

Andrew Vann Krug

Mark E. Van Der Weide has been the General Counsel of the Board of Governors of the [Federal Reserve](/org/federal-reserve-system) System in Washington, D.C., since August 2017.

From 2010 until August 2017, Mr. Van Der Weide worked in the Division of Supervision and Regulation of the [Federal Reserve](/org/federal-reserve-system) Board. In this capacity, he advised the Division Director and Board members on financial regulatory policy issues and helped coordinate the development of [Federal Reserve](/org/federal-reserve-system) positions on international and domestic regulatory policy. Mr. Van Der Weide served as a member of the Basel Committee on Banking Supervision from 2015-17 and represented the [Federal Reserve](/org/federal-reserve-system) on the Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation from 2010-17.

Mr. Van Der Weide was detailed to the U.S. Treasury Department during 2009-2010, where he provided assistance to the Administration in its efforts to design the financial reform legislation that ultimately became the Dodd-Frank Act.

From 1998 until 2009, Mr. Van Der Weide worked in the Legal Division of the [Federal Reserve](/org/federal-reserve-system) Board. His primary responsibilities included drafting rules and interpretive guidance on prudential bank regulations and reviewing bank mergers and acquisitions proposals. Mr. Van Der Weide also was involved in many of the [Federal Reserve](/org/federal-reserve-system)’s efforts to help ensure financial stability during the financial crisis of 2007-09.

Prior to joining the [Federal Reserve](/org/federal-reserve-system) Board in 1998, Mr. Van Der Weide worked as an associate in the Washington, D.C., office of Cleary, Gottlieb, Steen & Hamilton. At Cleary, Mr. Van Der Weide drafted and negotiated documentation for securities offerings, structured finance transactions, joint ventures, and mergers and acquisitions.

Mr. Van Der Weide received a J.D. degree from Yale Law School in 1995 and a B.A. degree in history and philosophy from the [University of Iowa](/org/university-of-iowa) in 1992.

Mark E. Van Der Weide

Lisa D. Cook took office as a member of the Board of Governors of the Federal Reserve System on May 23, 2022, to fill an unexpired term ending January 31, 2024.

Prior to her appointment to the Board, Dr. Cook was a professor of economics and international relations at [Michigan State University](/org/michigan-state-university). She was also a research associate at the National Bureau of Economic Research.

Previously, Dr. Cook was on the faculty of Harvard University's Kennedy School of Government. During her time at Harvard, Dr. Cook also served as deputy director for Africa Research at the Center for International Development. Before then, she was a National Fellow at [Stanford University](/org/stanford).

From 2011 to 2012, Dr. Cook served as a senior economist on the Council of Economic Advisers under President Barack Obama. From 2000 to 2001, she served as a senior adviser on finance and development in the U.S. Department of Treasury's Office of International Affairs.

Dr. Cook received a BA in philosophy from [Spelman College](/org/spelman-college). As a Marshall Scholar, she received a second BA in philosophy, politics, and economics from Oxford University. She earned a PhD in economics from the University of California, Berkeley.

Lisa D. Cook

Philip N. Jefferson took office as a member of the Board of Governors of the Federal Reserve System on May 23, 2022, to fill an unexpired term ending January 31, 2036.

Most recently, Dr. Jefferson was vice president for academic affairs and dean of faculty and the Paul B. Freeland Professor of Economics at [Davidson College](/org/davidson-college).

Before then, Dr. Jefferson served as chair of the Department of Economics at [Swarthmore College](/org/swarthmore-college), where he was the Centennial Professor of Economics.

Prior to this position, Dr. Jefferson was an economist at the Board of Governors of the Federal Reserve System.

Dr. Jefferson’s other past roles include being president of the National Economic Association. He also served on the [Vassar College](/org/vassar-college) Board of Trustees and the Board of Advisors of the Opportunity and Inclusive Growth Institute at the [Federal Reserve Bank of Minneapolis](/org/federal-reserve-bank-of-minneapolis).

Dr. Jefferson received a BA in economics from [Vassar College](/org/vassar-college) and an MA and a PhD in economics from the [University of Virginia](/org/university-of-virginia).

Philip N. Jefferson

Varnon came to the Board in 2017 from the National Endowment for the Arts, where she served as deputy chairman for management and budget. During her 33-plus years of federal government service, she has also held positions at the Department of Education, Office of Personnel Management, Transportation Security Administration, Immigration and Naturalization Service, and the [Department of Justice](/org/u-s-department-of-justice).

Varnon holds a masters degree in public administration from [Harvard University](/org/harvard). She earned a law degree at [Howard University](/org/howard-university) and a bachelor of science degree in criminal justice at [Alabama State University](/org/alabama-state-university).

Winona Varnon

Michael S. Gibson is director of the Division of Supervision and Regulation at the [Federal Reserve](/org/federal-reserve-system) Board. As division director, he oversees the [Federal Reserve](/org/federal-reserve-system)’s development of bank regulatory policy and its supervision of banking organizations. He works closely with officials from other U.S. and international government agencies on bank oversight issues.
He formerly served as deputy director in the Division of Research and Statistics at the Board of Governors of the [Federal Reserve](/org/federal-reserve-system) System, where he was responsible for overseeing the division’s financial functions. He has worked on research and policy issues related to financial stability, financial markets and derivatives. He has authored articles on value at risk, stress testing, and credit derivatives. He served on the faculty of the University of Chicago Graduate School of Business for two years and as a visiting lecturer at [Princeton University](/org/princeton). He has a PhD in economics from the Massachusetts Institute of Technology and a B.A. in economics from [Stanford University](/org/stanford).

Michael S. Gibson

Wilson started at the Board in 1995 as an economist in the Division of Research and Statistics. She joined the Division of International Finance in 1998 as an economist, monitoring emerging market economies, and has held other positions of increasing responsibility overseeing a wide range of the division's work. She also served as a senior economist at the Council of Economic Advisers and as a visiting professor at [Georgetown University](/org/georgetown-university). She was presented with the Board's Special Achievement Award in 2010 for her work leading the Board's monitoring of the euro-area crisis.

Wilson received her B.A. in economics and history from the University of California at Berkeley in 1989 and her Ph.D. in economics from the Massachusetts Institute of Technology in 1995.

Beth Anne Wilson

Senior finance and human resources executive with over 26 years of federal and corporate experience leading complex financial operations including budget development and financial reporting, strategy development, accounting, life cycle planning, requirements forecasting, material support, full-spectrum logistics planning and execution, distribution, and transportation. Proven success providing material support for global activities through leadership and innovative strategies while managing diverse workforce teams ranging in size from several dozen to over five hundred.

Patrick J. McClanahan

Christine E. Graham is currently the Deputy Associate Director at the [Federal Reserve](/org/federal-reserve-system). Christine previously worked as an Associate at Davis Polk & Wardwell LLP from September 2007 to December 2010.

Christine E. Graham received their Doctor of Law (JD) from the University of Chicago and their Bachelor of Arts (BA) from [Vanderbilt University](/org/vanderbilt-university).

Christine E. Graham reports to Michael S. Gibson, Director, Supervision and Regulation. They are on a team with Kavita Jain - Deputy Associate Director, Uzma Wahhab - Associate Director, and Arthur W. Lindo - Deputy Director.

Christine E. Graham

Alison M. Thro

Alicia Foster

Jean C. Anderson

Binoy Agarwal

Richard A. Naylor

Linda L. Robertson

Jon Faust is the current Senior Special Adviser to the Chairman at the [Federal Reserve](/org/federal-reserve-system). Jon has also served as Special Adviser to the Board at the [Federal Reserve](/org/federal-reserve-system) Board, Prof. and Director of the Center for Financial Economics at [Johns Hopkins University](/org/johns-hopkins-university), and Assistant Director of International Finance at the [Federal Reserve](/org/federal-reserve-system) Board. Jon began their career as a visiting professor at Princetion University.

Jon Faust's educational career includes a PhD in Economics from the University of California, Berkeley, an MPhil in Economics from the [University of Oxford](/org/university-of-oxford), and a BS in Economics from the [University of Iowa](/org/university-of-iowa).

Jon Faust

Emily Caron

Evan Howard Winerman

Kevin Moore

Celso Brunetti

Andrea De Michelis is the current Assistant Director at the [Federal Reserve](/org/federal-reserve-system). Andrea previously worked at the [Federal Reserve](/org/federal-reserve-system) Board.

Andrea De Michelis earned their Ph.D. in Economics from University of California, Berkeley and their Laurea in Economics from Università Ca'​ Foscari Venezia.

Some of their coworkers include Matteo Lacoviello - Deputy Associate Director, Trade and Financial Studies, Jason Wu - Associate Director, and Emre Yoldas - Assistant Director. Their manager is Beth Anne Wilson, Director, International Finance.

Andrea De Michelis

Reena Sahni

Asad Kudiya

Philip Daher

Charles Gray

Fred Vu

Giovanni Amisano

Christopher J. Waller took office as a member of the Board of Governors of the Federal Reserve System on December 18, 2020, to fill an unexpired term ending January 31, 2030.

Prior to his appointment at the Board, Dr. Waller served as executive vice president and director of research at the Federal Reserve Bank of St. Louis since 2009.

In addition to his experience in the Federal Reserve System, Dr. Waller served as a professor and the Gilbert F. Schaefer Chair of Economics at the University of Notre Dame. He was also a research fellow with Notre Dame's Kellogg Institute for International Studies. From 1998 to 2003, Dr. Waller was a professor and the Carol Martin Gatton Chair of Macroeconomics and Monetary Economics at the University of Kentucky. During that time, he was also a research fellow at the Center for European Integration Studies at the University of Bonn. From 1992 to 1994, he served as the director of graduate studies at Indiana University's Department of Economics, where he also served as associate professor and an assistant professor.

Dr. Waller received a BS in economics from Bemidji State University and an MA and PhD from Washington State University.

Christopher J. Waller

Bora Durdu

Monica Yvette Manning

Geng Li is an economist who currently works as an assistant director at the [Federal Reserve](/org/federal-reserve-system). Geng previously worked at the [Federal Reserve](/org/federal-reserve-system) Board for nine years.

Geng Li completed their undergraduate degree at Nankai University in Economics and then went on to complete a Master's degree in Economics at the University of New Mexico. Finally, Geng Li completed their Doctor of Philosophy (PhD) in Economics at the University of Michigan.

Some of their coworkers include Shawn Buckner - Assistant Director, Marco Cagetti - Assistant Director, and Giovanni Amisano - Assistant Director. Geng Li reports to Stacey M. Tevlin, Director, Research and Statistics.

Geng Li

Stephen Olden

Brett Berger

Ann E. Misback is an Associate Director and Secretary at the [Federal Reserve](/org/federal-reserve-system). Ann has worked in the banking and financial services industry for more than 20 years.

Ann E. Misback reports to Jerome Powell, Chair of the Board of Governors. A direct report to Ann E. Misback is and Margaret M. Shanks - Deputy Secretary and Ombudsman. Ann E. Misback works with Evan Howard Winerman - Assistant General Counsel, Emily Caron - Assistant Director, and Patrick J. McClanahan - Chief Operating Officer.

Ann E. Misback

Margaret M. Shanks

Michele T. Fennell

Luca Guerrieri

Elizabeth Klee is the Senior Associate Director at [Federal Reserve](/org/federal-reserve-system). Elizabeth has previous experience working as an intern at the [Federal Reserve](/org/federal-reserve-system) Bank of Kansas City and the [European Central Bank](/org/european-central-bank). Elizabeth has a passion for economics and policymaking, and they are committed to helping the [Federal Reserve](/org/federal-reserve-system) achieve its goals.

Elizabeth Klee received their Ph.D. in Economics from [Boston College](/org/boston-college), their MA in Applied Economics from [Binghamton University](/org/binghamton-university), and their BA in Economics/Accounting from Latvijas Universitate.

They are on a team with and Andrew M. Cohen - Assistant Director, Financial Institution Risk Evaluation . Elizabeth Klee reports to William Bassett, Senior Associate Director. Luca Guerrieri - Deputy Associate Director, Financial and Macroeconomic Stability Studies , Skander Van Den Heuvel - Associate Director report to Elizabeth Klee.

Elizabeth Klee

Chiara Scotti

Matteo Lacoviello

Fred W. Gibson

Eichner joined the staff of the Federal Reserve Board's Division of Research and Statistics in 2008. He began his career at the U.S. State Department and also served at the U.S. Treasury Department and the [Securities and Exchange Commission](/org/sec). He has taught economics and finance at [Columbia University](/org/columbia-university) and [Johns Hopkins University](/org/johns-hopkins-university).

Eichner graduated from Harvard College, holds a Masters of Public Policy degree from the Kennedy School of Government at Harvard University, and a Ph.D. in economics from the Massachusetts Institute of Technology.

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