Edward S. Knotek II

Edward S. Knotek II is a senior vice president and director of research in the Research Department at the Federal Reserve Bank of Cleveland. In this role, Dr. Knotek serves as the chief economic advisor to the Cleveland Fed’s president on monetary policy and related matters, leads the Research Department and its staff of economists and analysts across the department’s various teams, establishes departmental priorities, and develops staff. Dr. Knotek also leads the Bank’s Center for Inflation Research, which seeks to improve the understanding of policymakers, researchers, and the public about inflation and the factors that influence its behavior. Dr. Knotek’s research focuses on monetary economics, macroeconomics, and forecasting, and he has written on firms’ price-setting behavior, inflation dynamics, inflation expectations, inflation nowcasting, households’ views on monetary policy, and unemployment fluctuations over the business cycle.

Dr. Knotek joined the Cleveland Fed as vice president in 2012 and was promoted to senior vice president in 2017, to associate director of research in 2021, and to his current role in 2023. Prior to taking on the role of director of research, he led the Research Department’s macroeconomic forecasting group, which is responsible for developing models for economic forecasting and policy analysis. He took on leadership of the Center for Inflation Research upon its creation in 2018. Before joining the Bank, he was a vice president and economist at the Federal Reserve Bank of Kansas City.

Originally from the Cleveland area, he holds a BA in mathematics-economics and Spanish from Denison University in Granville, Ohio, and an MA and a PhD in economics from the University of Michigan.