Economic Analyst I/II, Regional Analysis Group

CompanyFederal Reserve Bank of Cleveland
Job Description Summary
The Federal Reserve Bank of Cleveland’s mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems while representing the Fourth District perspectives.
As part of the nation’s central bank, we are a team of mission-driven professionals who are committed to serving with excellence. Our core values are: Build Trust Every Day, Own Our Actions, Collaborate with Intention, and Be Open to Change.
For twenty-six years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.
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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: