Job Description

Company

Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago plans to host a Resident Scholar in Macroeconomics from June 2025 to May 2026. The Resident Scholars will pursue their own research, interact with our staff and visitors, and participate in policy discussions.

This is a position intended to last no more than one year. Shorter durations and the start date are negotiable.

The Bank will consider applications from candidates with a strong publication record in economics journals and at least 3 years of experience in an academic or similar research setting.

The research staff at the Federal Reserve Bank of Chicago is a collegial and diverse group of economists with expertise in a variety of fields. The Chicago Fed provides an excellent research environment together with substantial support for research and competitive benefits. Salaries are commensurate with experience and level of achievement.

The Chicago Fed is committed to attracting, developing, and retaining a diverse workforce. We recognize the benefit derived from different perspectives and experiences, and we look carefully at candidates’ records to identify individuals whose perspectives could benefit our work. As such, we especially encourage submissions from groups traditionally less represented in economics. We seek to provide an inclusive environment where everyone is treated fairly and has equal access to opportunities.

Your Responsibilities:

• Conduct independent and original research.
• Participate in policy discussions through Bank publications or research briefings aligned with area of expertise.
• Provide advice and feedback to colleagues and other visitors on their work.

Your Background:

• Ph.D. in Economics or a closely related field
• At least 3 years of research experience
• Significant research contributions as evidenced by a record of publications in high-quality, peer-reviewed academic journals

Applicants should submit:

1. CV
2. Cover letter
3. A list of three references

IMPORTANT NOTE: When asked to upload your resume on the Workday Portal, you must upload all supplementary application documents. There will not be an additional prompt to upload documents 1, 2 & 3. You must upload them on the same page where you upload your resume. Failure to do so will result postponing the review of your application.

What we offer:

• The expected starting salary range for this position is between $204,000 and $241,300 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data.
• The Chicago Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.chicagofed.org/careers/thebenefits
• A continuous learning environment with opportunities to gain new skills and grow your career.

Additional Requirements:

• This is a hybrid position requiring a minimum of three days per week in office.
• This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.
• This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. Citizen and pursue a path to citizenship.
• As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. 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, who can provide you contact information for our ethics official if necessary.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Temporary/Contingent 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.

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