Research Department economists provide current economic analysis and policy advice to Federal Reserve decisionmakers. They also conduct innovative research on a wide range of economic, financial, and behavioral topics that aims to improve the understanding of the U.S. and global economies and to encourage better policy outcomes. In addition, the department is home to two research centers:
Risk and Policy Analysis Unit (RPA)
The RPA Unit, housed in the Supervision, Regulation, and Credit Department, conducts research and analysis to support the Federal Reserve System’s supervisory efforts, the System’s development and implementation of regulatory policy, and the System’s formation of monetary policy.