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$91k–$139k/yr
Full-time
bachelor degree, postgraduate degree
Health Insurance, Financial Security Benefits
Posted 74d ago
~40 hrs/week
Responsibilities
Conduct rigorous economic research and econometric analysis to inform monetary policy decisions and the Federal Reserve's Beige Book. Translate complex data into compelling narratives and reports for policymakers and the public.
Requirements
Requires a Bachelor's or Master's degree in economics or a related field with at least 5 years of experience in economic or policy research. Proficiency in analytical tools like Stata, R, or Python and exceptional communication skills are essential.
Full job description
Company
Federal Reserve Bank of ClevelandThe 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.
Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed
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: https://www.clevelandfed.org/careers
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.
Reasonable Accommodation Statement - The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to [email protected].
Bank’s Ethics Rules and Drug Testing:
As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting.
In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.
Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Economics/Research Family Group
Work Shift
First (United States of America)
The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government.
One of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.
Follow us on Twitter: @philadelphiafed
Offices: Ten Independence Mall, Philadelphia, PA 19106-1574, US
How many Finance & Accounting jobs are open in Cleveland, OH right now?
There are currently 484 open finance & accounting positions in Cleveland, OH listed on Clera. New openings are added daily as companies post roles.
Which companies are hiring for Finance & Accounting roles in Cleveland, OH?
Companies currently hiring include PNC, CrossCountry Mortgage, LLC, KeyBank, Symmetry Financial Group, Sherwin-Williams, among others. Browse the listings above to see every active employer.
Are there remote or hybrid Finance & Accounting jobs in Cleveland, OH?
Yes — 198 of the 484 open finance & accounting positions offer remote or hybrid work (64 remote, 134 hybrid).
How do I apply for Finance & Accounting jobs in Cleveland, OH?
Each listing links directly to the employer's application page. Apply early — fresh listings get the most recruiter attention in the first two weeks.