Principal Economist - Opportunity and Inclusive Growth Institute

Federal Reserve System•Minneapolis, MN

2d•$151,000 - $390,000•Onsite

About The Position

The Research Division at the Federal Reserve Bank of Minneapolis is hiring an Economist, Senior Economist, or Principal Economist for its Opportunity and Inclusive Growth Institute. The Institute supports the Federal Reserve’s maximum-employment mandate by conducting and promoting research on full participation in a well-functioning economy by all American households. Institute economists conduct independent research and support Institute initiatives. The position is expected to begin in July 2027, though the start date is flexible, and requires a regular on-site presence. Applications are due December 10, 2026. Applicants should submit a one-page cover letter describing their interest and fit with the Institute, a current CV, and a recent academic paper on an Institute-related topic or a link to one. References may be requested. Candidates will be considered at different levels based on experience, skills, and research background. Expected starting salary ranges are $151,000–$216,000 for Economist, $184,000–$262,000 for Senior Economist, and $273,000–$390,000 for Principal Economist. These ranges are in addition to performance-based discretionary bonuses. Offers depend on qualifications and experience, market data, position needs, total compensation, and internal equity. The position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access is limited to U.S. citizens, lawful permanent residents, individuals meeting the definition of a protected individual under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. Candidates who are not U.S. citizens must sign a declaration of intent to expeditiously become a U.S. citizen when eligible.

Requirements

PhD in Economics.
Demonstrated strong analytical skills for current economic and policy issues.
Ability to conduct research of the highest quality.
Relevant experience, typically as a tenure-track faculty member in an economics department or as an economist at a public or private sector institution focused on rigorous analysis of current economic and policy issues.
Research work in Institute-relevant topic areas, broadly defined.

Responsibilities

Originate and direct research projects related to Institute focus areas, including labor markets, distribution in the national economy, economic policy impacts, growth and development of economic regions, individual or household welfare and wellbeing, and related subjects.
Publish research papers in leading economics research journals.
Support the Bank’s policy mission by analyzing and interpreting information, drawing on data and broad social science research to evaluate policy alternatives, and providing analyses to management.
Support Institute initiatives.