Principal Economist - Opportunity and Inclusive Growth Institute

Federal Reserve Bank of Philadelphia•Minneapolis, MN

6h•$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 the Opportunity and Inclusive Growth Institute. The Institute supports the Federal Reserve’s mandate to ensure maximum employment by conducting and promoting research on how all American households can participate fully in a well-functioning economy. Economists are expected to conduct independent research and support Institute initiatives. The position requires a regular on-site presence. Employment is expected to begin in July 2027, although the start date is flexible. The application deadline is December 10, 2026. Applicants should submit a cover letter describing their interest and fit with the Institute, a current CV, and a recent academic paper on an Institute-related topic; references may be requested. Candidates will be considered at different levels based on their experience, skills, and research background. Expected starting salaries are $151,000–$216,000 for Economist, $184,000–$262,000 for Senior Economist, and $273,000–$390,000 for Principal Economist, in addition to discretionary performance-based bonuses. Salary offers depend on qualifications and experience, market data, position needs, the total compensation package, and internal equity. This 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 who meet 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 become a U.S. citizen expeditiously 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 on topics related to Institute focus areas, including labor markets, distribution in the national economy, impacts of economic policies, growth and development of economic regions, individual or household welfare and well-being, and related areas.
Publish research papers in leading economics research journals.
Support the Bank’s policy mission by analyzing and interpreting information drawn from data and broad social science research to evaluate policy alternatives, and provide these analyses to management.
Support Institute initiatives.