On Friday, the Federal Reserve announced that Stacey M. Tevlin will take office on February 4 as the new director of the Division of Research and Statistics to replace David Wilcox, who has served in this position for 30 years.
In a statement, FED chairman Powell said:”Stacey brings many years of leadership and research experience, a keen understanding of the U.S. economy, and extensive public service at the Federal Reserve to the position of division director.”
As director of the division, Tevlin will oversee economic analysis, forecasting, and research related to the domestic economy and financial markets, several major economic measurement programs such as Industrial Production and the Survey of Consumer Finances, and research and analysis in support of the Federal Reserve’s financial stability, supervision, and regulatory activities.
It is worth noting that the research director of the Federal Reserve is one of the most senior staff of the Federal Reserve, and she will lead a large team of economists. She said that the U.S. economy will continue to develop in the near future.
Stacey Tevlin received a Bachelor’s Degree in economics from Northwestern University in 1990 and a Doctorate in economics from the Massachusetts Institute of Technology. She became an economist at the Federal Reserve in 1995 and studied with Robert Solow, the 1987 Nobel prize winner in economics.
According to the Wall Street Journal, Tevlin ‘s paper at the Massachusetts Institute of Technology looked at the impact of corporate profitability on foreign direct investment, CEO pay and wages. At the federal reserve, she published a report on 2007-2009 weak corporate investment after the recession in 2009, the boom in the 1990s and the extent to which American manufacturing firms share profits with workers.
She is currently the deputy head of research and statistics at the federal reserve and has held several positions in the research department, and was a special adviser to the former vice chairman of the federal reserve, Ashley Fisch. Her research focused on business investment and macroeconomics.