Job Description

Stand at the intersection of cutting-edge economic research and real-world policy impact. As an Economic Analyst with the Federal Reserve Bank of Cleveland, you'll be the vital link between data-driven insights and the monetary policy decisions that shape our nation's economic future.
Your research won't gather dust on a shelf—it will directly inform the Bank president's contributions to the Federal Open Market Committee (FOMC) and shed light on the unique economic dynamics of the Fourth District: Ohio, eastern Kentucky, western Pennsylvania, and the northern panhandle of West Virginia.

What Makes This Role Exceptional

Direct Policy Impact: Your analysis will help guide monetary policy decisions at the highest levels. You'll contribute to FOMC briefings and the Federal Reserve’s Beige Book, ensuring regional voices are heard in national economic conversations.

Intellectual Stimulation: Balance collaborative research projects with policy work. Pursue questions that matter to you while building insight into the economic challenges and opportunities facing the region.

Regional Focus with National Reach: Dive deep into the economic fabric of America's industrial heartland—a region undergoing dynamic transformation—while contributing to discussions of national significance.

Bridge Building: Master the art of translation, turning sophisticated econometric analyses into compelling narratives that resonate with policymakers, business leaders, and the public.

Your Impact

As a Researcher, you'll:

• Help identify and answer open questions that matter to policymakers and the public
• Design and execute innovative research methodologies to unpack complex economic questions
• Wrangle diverse datasets to uncover hidden trends and relationships in regional and national economies
• Conduct statistical and econometric analyses that stand up to rigorous academic and policy scrutiny
• Collaborate on research projects from conception through publication with the level of independence increasing with experience and demonstrated ability

As a Policy Advisor, you'll:

• Provide critical insights on Fourth District economic conditions
• Support the Bank president's preparation for FOMC meetings with timely analysis
• Contribute expert perspective to the nationally distributed Beige Book
• Help translate regional economic realities into policy implications

As a Storyteller, you'll:

• Author/co-author compelling articles and reports that bring economic data to life
• Craft presentations that make complex concepts accessible and engaging
• Communicate with diverse audiences—from community stakeholders to PhD economists
• Build the public's understanding of regional economic trends and the Federal Reserve System through clear, thoughtful writing and presentations

What You Bring

Educational Foundation:

• Master’s degree in economics or related field, preferred
• Bachelor's degree in economics or related field with significant relevant work experience considered

Professional Experience:

• 5+ years conducting economic or policy research
• Demonstrated expertise in one or more economic fields
• Familiarity with monetary policy and macroeconomics

Technical Excellence:

• Strong command of statistical methods and econometric techniques
• Proficiency with analytical tools (Stata, R, Python, or similar)
• Experience managing and analyzing complex datasets

Communication Mastery:

• Exceptional writing skills with a proven ability to make technical content accessible
• Track record of research publication or policy communication
• Confidence presenting to both technical and non-technical audiences

Working Style:

• Equally effective working independently and as part of a collaborative team
• Intellectual curiosity and a creative, proactive problem-solving approach
• Commitment to rigorous, objective analysis

To Apply: Please include the following in PDF file format: (1) a current resume or CV, (2) a sample of recent economic or policy publication, and (3) a statement of no more than 3 pages outlining your interest in and qualifications for this position.

The expected starting salary range for the Economic Analyst I is between ​$90,500 and $113,100 annually and for the Economic Analyst II is between $111,400 and $139,200. Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data.

The Cleveland Fed offers benefits to support overall health and financial security. Learn more about our benefits here:

Citizenship Requirements:

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. 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.

Physical Demands and General Working Conditions

This is not necessarily an exhaustive list of all responsibilities, duties, standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time.