Federal Reserve Bank of Cleveland

Position Title/Short Description

Full Text of JOE Listing:

The Federal Reserve Bank of Cleveland is seeking a Vice President or Assistant Vice President to lead the Center for Inflation Research. The successful candidate will supervise a group of Ph.D. economists, engage in research on inflation and related issues, advise the Bank’s President on economic conditions and policy issues, and seek to improve public understanding of inflation and the factors that influence its behavior. This position reports directly to the Senior Vice President of Macroeconomic Forecasting and Associate Research Director.

Specific expectations of the role include:
• Strategically leading the Center for Inflation Research and managing its team of Ph.D. economists.
• Conducting high-quality academic research on inflation and related topics.
• Driving engagement with and messaging to the public, by dynamically managing and expanding the Center for Inflation Research’s external website presence, giving public outlook speeches, commenting on inflation developments in interviews with media outlets, and providing other outreach to the public.
• Playing a senior role in monetary policy preparations within the Research department through participation in and oversight of policy briefings for the President in preparation for meetings of the Federal Open Market Committee.
• Providing leadership in organizing and managing the Center for Inflation Research’s annual Inflation: Drivers and Dynamics conference series, other conference series, seminars, visiting scholars, and related innovative programs to build team capability, highlight department expertise, and serve as a resource to the economics profession.
• Overseeing staff development to produce academic research, inform policy decisions, and provide public outreach.
• Representing the Bank and assuming leadership positions at the Federal Reserve System level, including developing, recommending, and implementing significant System initiatives, and participating in industry and professional organizations.
• Working with the Bank’s data manager and Research IT team to help assess analytical data needs and to ensure appropriate cross-functional access to data that supports collaboration.
• Working collaboratively with the other officers of the Research Department in a leadership capacity to actively promote employee engagement, enhance research productivity, and support the policy process.

Critical Background and Capibilities:
The successful candidate will have substantial experience conducting high-quality academic research on inflation and related topics as evidenced by an extensive publication record, expertise in monetary policy advising, excellent communication skills, strategic vision, and the ability to lead a group of Ph.D. economists. A Ph.D. in economics or finance is required. Prior management experience is highly desirable.

Qualifications:
• Demonstrated success commensurate with experience in publishing research related to inflation and related topics in top academic journals.
• Experience using a range of analytical and empirical tools and models related to inflation and macroeconomic analysis.
• Ability to provide in-depth advice on matters related to monetary policy.
• Ability to think strategically and with a growth mindset, potentially outside of traditional reporting boundaries, to elevate the reputation of the Center for Inflation Research.
• Capacity to successfully oversee, manage, and direct a team of Ph.D. economists.
• Demonstrated ability to develop productive and collaborative relationships at all levels of the organization. Strong interpersonal skills with experience in communicating concepts, messages, and key information to benefit the function, the Bank, and key stakeholders.
• Excellent oral and written communication skills, including the ability to communicate complex economics concepts to members of the general public through a variety of formats, including in the Bank’s Economic Commentary series, through public outlook speeches, and in media interviews.

This position requires access to confidential supervisory information and/or FOMC information, which is limited to “Protected Individuals” as defined in the U.S. federal immigration law. Protected individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.