Regular positions

The Federal Reserve Bank of Cleveland is seeking a Senior Economist who would also serve as the Deputy Director of the Center for Inflation Research or an Economic Policy Advisor who would also serve as the Co-Director of the Center for Inflation Research. 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, and the ability to improve public understanding of inflation. Job responsibilities also include writing for Bank publications and advising Bank leadership on economic conditions and policy issues. This individual will report directly to the Vice President of the Center for Inflation Research.

Specific expectations of the role include:

• Conducting high-quality academic research on inflation and related topics.
• Ability to think strategically about elevating the profile of the Center for Inflation Research among researchers, policymakers, and the public.
• Driving engagement with the public, by enhancing the Center for Inflation Research’s external website presence and conducting outreach.
• Lead the development of new inflation-related products.
• Working collaboratively with the other members of the Center for Inflation Research to actively promote research productivity.
• Participate in monetary policy preparations within the Research department prior to meetings of the Federal Open Market Committee.
• Providing assistance in organizing the Center for Inflation Research’s annual Inflation: Drivers and Dynamics conference series as well as organizing sessions at other high profile research conferences.

Qualifications:

• A Ph.D. in economics or finance is required.
• 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 to elevate the profile of the Center for Inflation Research.
• Excellent oral and written communication skills, including the ability to communicate complex economics concepts to members of the public through a variety of formats, including in the Bank’s Economic Commentary series, public outlook speeches, media interviews, and products on our website.

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. 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. For more information on the program for security of FOMC information, see here.

To apply:

Please apply on Econ Job Market and include:

1. a current CV, in pdf format;
2. a sample of current research, in pdf format; and
3. a cover letter, in pdf format, that outlines inflation-focused qualifications relevant for this position.

Applications can be submitted through January 15, 2027, however full consideration will be given to applications received on or before December 15, 2026.

Additional details:

• The starting salary range for the Senior Research Economist position is between $190,000 and $240,000 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data.
• The starting salary range for the Economic Policy Advisor position is between $210,000 and $260,000 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data.
• The starting salary range for the Senior Economic Policy Advisor position is between $250,000 and $310,000 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data.
• The Cleveland Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.clevelandfed.org/careers
• A continuous learning environment with opportunities to gain new skills and grow your career.

JEL Classifications:
00 -- 00 - Default: Any Field
E3 -- Prices, Business Fluctuations, and Cycles
E -- Macroeconomics and Monetary Economics
C -- Mathematical and Quantitative Methods
C5 -- Econometric Modeling
H -- Public Economics
I -- Health, Education, and Welfare
J -- Labor and Demographic Economics
L -- Industrial Organization
R1 -- General Regional Economics

The Research Department at the Federal Reserve Bank of Cleveland seeks new or experienced economists with research interests in any field of economics. Expertise in inflation, monetary/macro, regional economics, labor economics, or other applied micro fields are especially welcome. Job responsibilities include publishing research in professional journals, writing for Bank publications, and advising Bank leadership on economic conditions and policy issues. To qualify a Ph.D. in economics or finance is required. Experienced candidates are required to have a publication record commensurate with experience.

To Apply: Please apply on Econ Job Market and include (1) a current CV, in pdf format; (2) a current research paper; and (3) three letters of reference for new candidates or three names of references for experienced candidates by November 15, 2026. Each applicant must select three recommenders in the Econ Job Market system.

• Experienced candidates can inform these recommenders that they do not need to upload letters.

Applications can be submitted through December 6, 2026, however full consideration will be given to applications received on or before November 15, 2026.

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. 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. For more information on the program for security of FOMC information, see here.

Additional details:

• The starting salary range for the Research Economist I position is between $152,200 and $209,300 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data.
• The starting salary range for the Research Economist II position is between $169,000 and $232,300 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data.
• The starting salary range for the Senior Research Economist position is between $190,000 and $240,000 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data.
• The starting salary range for the Economic Policy Advisor position is between $210,000 and $260,000 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data.
• The starting salary range for the Senior Economic Policy Advisor position is between $250,000 and $310,000 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data.
• The Cleveland Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.clevelandfed.org/careers
• A continuous learning environment with opportunities to gain new skills and grow your career.