Summer 2027
Statistics Intern
Posted on 9/1/2026
The Federal Reserve System
1,001-5,000 employees
Central bank of the United States
Compensation Overview
$31.54/hr
No H1B Sponsorship
New York, NY, USA
In Person
Work is full-time on-site.
 Data & Analytics (1) |
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- Candidates must be undergraduate sophomores with a strong academic record.
- Candidates must demonstrate interest in finance, data science, accounting, economics, capital markets, business, or operational management and have a passion for data analysis.
- Candidates must demonstrate working knowledge of Microsoft Office Suite, including Excel, Word, and PowerPoint, and familiarity with Tableau, PowerBuilder, Python, and R.
- Candidates must be able to work independently and in a team environment.
- Candidates must provide an unofficial transcript.
- Access to confidential supervisory information and Federal Open Market Committee information requires eligible U.S. citizenship, lawful permanent residence, protected-individual status, or certain other qualifying nonimmigrant status.
- Support financial and organizational structure data capture, quality assurance, and analysis for data collections serving internal and external stakeholders.
- Conduct data analysis and visualization as needed to support client outputs.
The Federal Reserve System is the central bank of the United States that conducts national monetary policy, supervises and regulates banks and bank holding companies, and provides financial services for banks and the U.S. government. It uses tools like setting interest rates, market operations, bank supervision, and payments services to influence credit, prices, and financial stability, operating through 12 regional banks and a Board in Washington. It is different from private banks because it is a public-mission institution with a nationwide mandate and a regional structure that blends national policy with local insight, not focused on profits. Its goal is to promote a strong economy and a stable financial system for the United States.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
null
Founded
1913
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Simplify's Take
What believers are saying
- Kevin Warsh's August 28, 2026 chairmanship sharpens the Fed's inflation-fighting mandate.
- The Supreme Court blocked Cook's firing on June 29, 2026, preserving continuity.
- Philadelphia named Skander Van den Heuvel research director on August 21, 2026.
What critics are saying
- Trump's Cook removal fight keeps Fed independence under courtroom pressure through 2026.
- Vacant senior posts in Research and Statistics weaken policy analysis and succession planning.
- A successful presidential removal of governors would shatter credibility and trigger systemic market panic.
What makes The Federal Reserve System unique
- The Fed controls dollar liquidity, bank supervision, and national monetary policy simultaneously.
- Twelve Reserve Banks and Washington governors create unmatched regulatory reach and research depth.
- Its lender-of-last-resort powers and payment rails make it indispensable in crises.
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Benefits
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401(k) Company Match
401(k) Retirement Plan
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Company News
Crypto enters September with legislative policy gamble hanging by a thread. Sep 2, 2026 - 01:17 The crypto industry heads into September with its biggest legislative bet hanging in the balance, and little confidence the proposed bill will make it past the finish line. The looming vote on the crypto market structure bill known as the Clarity Act is shaping up as a critical test for an industry that's spent years pushing Washington for clearer rules around digital assets. The bill would establish a framework for crypto, divide oversight between the Securities Exchange Commission and the Commodity Futures Trading Commission, set registration requirements and strengthen anti-money-laundering protections. But despite efforts by crypto executives and President Donald Trump to excite investors and industry watchers about the possibility that the bill could become law this year, the mood is less optimistic among industry participants. Many are resigned that the Clarity Act is dead in 2026. "I personally am a bit pessimistic about the Clarity Act being passed," John Darsie, CEO of SALT, told CNBC at the Wyoming Blockchain Symposium in Jackson Hole in August. "Leading into the midterms, you don't often pass legislation of this magnitude." SALT calls itself an investment and networking platform and leadership forum. Missed window. The Clarity Act missed sponsors' legislative window when the Senate adjourned for its August recess without voting on the bill. Now, Senate Majority Leader John Thune has scheduled a key procedural vote for Sept. 15, after the Senate returns from its recess, potentially paving the way for a full floor vote. Unresolved issues include stablecoin rewards and ethics provisions tied to President Trump and his family's crypto interests. Arizona Sen. Ruben Gallego, one of only two Democrats voting to advance the bill out of the Senate Banking Committee, has been working on a bipartisan compromise regarding ethics language for the Clarity Act. There is still a chance for the bill to advance in the Senate, but Republicans and Democrats need to find consensus, Gallego said. "The way to get 60 votes is with good ethics legislation as well as rounding out some of the things that are still outstanding," Gallego said during a fireside chat at the Wyoming Blockchain Symposium last month. The possible demise of Clarity stands in stark relief to the historic sums committed in the 2024 election cycle to shifting Washington's position on crypto. Crypto-backed political groups spent more than $200 million, helping elect candidates friendly to the industry and making crypto regulation a mainstream issue. Deregulation bet. The bet was straightforward: a Trump victory and a more crypto-friendly Washington could replace years of regulatory hostility. Viewed from a narrow lens, the investment is already paying off, even if Clarity dies. The SEC and CFTC are more accommodating to crypto under Trump, while other regulators - including the Office of the Comptroller of the Currency, a key banking regulator - have also moved toward a looser framework for digital assets. From the White House, the Trump administration continues to publicly frame crypto policy as a priority. At a cryptocurrency summit in August, President Trump said the administration is focused on creating "a clear regulatory framework for pioneers and builders." The White House meeting took place at the same time as the Wyoming Blockchain Symposium in Jackson Hole. Industry leaders speaking in Wyoming argued that crypto can continue to develop even without the comprehensive market structures found in Clarity. SEC and CFTC rulemaking can provide more certainty in the absence of Clarity, executives told CNBC, while companies continue building under the more relaxed regulatory framework taking shape. "We've already seen some contingency planning," said Sunayna Tuteja, former chief innovation officer at the Federal Reserve, pointing to discussions between the SEC and CFTC about what can be done through rulemaking. "Not perfect, but progress nonetheless." Denelle Dixon, president of Stellar Development Foundation, argued that the industry should use the next two years to improve existing regulations, creating precedent that can survive the next administration. Stellar is a nonprofit that aims to widen access to global finance using blockchain technology. The next two years should be spent using the rules and standards that have already emerged from the SEC and CFTC so that, "whichever administration takes over, we have all of this bulletproof work that we've done to show not only is it successful, but it is advantageous for us to maintain this market structure," Dixon said. Accepting today's status quo still leaves the industry pushing for clear rules to reduce uncertainty, provide an upside catalyst for bitcoin and the broader crypto market and make it easier for companies and investors to commit capital. "If you're looking to deploy capital and invest, and one [jurisdiction] has an established framework while another jurisdiction like the U.S... may be subject to, every two to four years, rapid and extreme change - [it's] hard to allocate capital," said Andrew McCormick, head of institutional and market development at Chainlink Labs. Formal legislation can provide certainty that survives changes in administrations and political parties, he said. Former New York Gov. Andrew Cuomo, an OKX board member, warned that if Clarity doesn't pass before the midterm elections, a change in control of the House could produce years of regulatory conflict. OKX provides spot, margin, and derivatives trading for digital assets, alongside decentralized finance tools. "If you believe there's a change of power, at least in the House, which I do believe that Democrats will win the House, then you're going to have a Democratic Congress overseeing an administration, the Trump administration, with the regulators making decisions under the scrutiny of a hostile Congress and that is not a good place to be because Congress will be at loggerheads with the administration," Cuomo told CNBC at the Wyoming Blockchain Symposium. After years of operating under an often hostile regulatory regime, the industry may simply have learned how to keep moving without Washington providing a definitive framework. That means that in the current political climate, passing Clarity would count as a major win. But failure may not prove the setback crypto companies once feared.
Fed Chairman Kevin Warsh highlighted token prices as a potential indicator of AI's economic value in his Jackson Hole speech on Friday. Tokens measure the data AI models process, and many AI companies charge customers based on token consumption. Warsh views token pricing as revealing competition among providers, model quality differences, and computing costs. However, falling token prices tell contradictory stories: they could signal genuine productivity gains if capabilities improve whilst costs drop, or indicate commoditisation if models become interchangeable. "Pricing power at the frontier—not usage growth—is becoming the real scoreboard for whether AI is creating value or just consuming capital," said technology analyst Luke Lango. For CFOs, token prices represent input costs, but lower costs don't guarantee higher returns. The key question remains whether AI adoption generates measurable productivity gains or new revenue opportunities.
New Fed chair Kevin Warsh has rejected the traditional view that wage growth drives inflation, instead blaming government spending and money creation. In his first Jackson Hole speech, Warsh challenged the Phillips curve orthodoxy that links rising worker pay to price pressures. This shift matters for investors holding growth stocks, industrials and bank shares. Core PCE inflation over the past three months has neared the Fed's 2% target. Markets priced roughly a 55–60% probability of a September rate rise before Warsh's remarks. Average hourly earnings reached $37.62 in July 2026, whilst real hourly earnings sat at $11.30, barely above year-earlier levels. Warsh emphasised that one percentage point higher annual productivity growth would double living standards within a generation. The reframing removes the Fed's traditional justification for raising rates when hiring accelerates or paycheques grow.
Stablecoins not a credible means of payment at scale, BIS chief says. 29 Aug 2026 12:59AM Add CNA as a trusted source to help Google better understand and surface our content in search results. JACKSON HOLE, Wyoming, Aug 28: Stablecoins do not credibly function as a means of payment at scale and tokenized deposits offer a more compelling case to harness the benefits of this new technology, said the chief of the Bank for International Settlements, a central bank umbrella group. Stablecoins are a type of crypto asset designed to maintain a stable value. Their growing popularity has fuelled concerns about financial stability and money laundering among key officials, particularly outside the United States. However, U.S. Treasury Secretary Scott Bessent has supported stablecoins, calling them a digital revolution that could help cement the dollar's position as the world's top reserve currency and create demand for trillions of dollars' worth of Treasuries. Addressing the U.S. Federal Reserve's Jackson Hole Economic Policy Symposium in Wyoming, Pablo Hernandez de Cos, general manager of the BIS, said the two instruments could coexist. But he argued that tokenized deposits should account for the bulk of day-to-day payments and stablecoins should serve more specialised roles. De Cos, a candidate to replace European Central Bank President Christine Lagarde next year, listed a slew of issues with stablecoins. He said they could indeed lower sovereign borrowing costs, as Bessent has argued. But bank funding costs could rise as funds are channelled away from lenders and ordinary borrowers may end up paying higher rates, de Cos said. Stablecoins also break the "singleness" of money since customers cannot jump between products without selling and buying at a cost, he said. Stablecoin platforms are also not genuinely interoperable and they raise money-laundering questions since controls are difficult to apply consistently, de Cos said. "The growing adoption of dollar-pegged stablecoins has also raised concerns in some jurisdictions about monetary sovereignty and the potential for digital dollarization," he said. If ordinary borrowers outside the U.S. pile into dollar-based stablecoins, such a move could erode monetary sovereignty, weaken domestic monetary policy transmission and tie local conditions more closely to external policy stances, de Cos said. "Tokenised deposits offer a more direct path to harness tokenisation while preserving the monetary system's foundations," de Cos said. Still, even tokenized deposits need to solve issues about interoperability, governance and legal hurdles, including on settlement, he said.
Tech rally powers markets higher as Nvidia (NVDA), Salesforce, and CrowdStrike deliver Strong earnings. Key takeaways. Table of Contents * Nvidia shares climbed more than 7% following an earnings beat and optimistic AI demand outlook through next year * Strong quarterly reports from Salesforce and CrowdStrike propelled software and technology stocks higher * The Nasdaq Composite advanced 1.3%, S&P 500 climbed 0.7%, while Dow Jones remained relatively flat * Reports indicate Nvidia reached an agreement to purchase AI platform Hugging Face for $12.9 billion * Market participants now focus on Federal Reserve Chair Kevin Warsh's Friday remarks at Jackson Hole Shares of Nvidia climbed over 7% Thursday following the chip manufacturer's impressive quarterly earnings report that exceeded analyst expectations and provided an upbeat forecast for artificial intelligence demand. The results eased concerns about potential deceleration in the company's momentum. The impressive earnings announcement created positive momentum throughout the technology sector. Marvell Technology experienced gains following its own financial results, while the iShares Semiconductor ETF resumed its upward trajectory after an extended period of sideways movement. Salesforce stock rocketed more than 21% following its quarterly earnings disclosure. The surge provided momentum for software equities overall, pushing the iShares Expanded Tech-Software Sector ETF toward its mid-August peak. CrowdStrike delivered robust quarterly results as well, with shares advancing over 18%. The cybersecurity firm contributed to Thursday's optimistic sentiment within the technology sector. Overall market performance. The Nasdaq Composite climbed 1.3% driven by technology sector strength. The S&P 500 advanced approximately 0.7%, while the Dow Jones Industrial Average registered a modest 0.4% gain, underperforming the tech-focused benchmarks. Outside the technology sphere, market activity appeared relatively muted. Market participants are anticipating Federal Reserve Chair Kevin Warsh's upcoming address at Friday's Jackson Hole Symposium. Treasury yields have stabilized following last week's sharp increase. Market observers continue monitoring bond market dynamics closely while attempting to interpret potential Fed interest rate policy direction. Initial jobless claims for the week registered 203,000, declining from the previous week's figure. This data was interpreted as encouraging news for employment conditions ahead of the Jackson Hole gathering. Nvidia's reported Hugging Face acquisition and AI strategy. Late Wednesday, news surfaced that Nvidia reached an agreement to purchase Hugging Face, an open-source artificial intelligence model platform, for $12.9 billion. The transaction awaits official confirmation. During the company's earnings conference call, Nvidia CEO Jensen Huang discussed the firm's artificial intelligence investment approach. He expressed that his sole regret involved not committing greater resources to AI laboratories at an earlier stage. Discount retail sector highlights. Dollar General and Dollar Tree each delivered quarterly earnings that surpassed analyst projections. Both discount chains indicated they've successfully drawn higher-income consumers, contributing to improved financial performance. Despite exceeding expectations, the retailers' stocks moved in opposite directions. The divergence stemmed from contrasting forward guidance rather than historical results. Technical analyst Frank Cappelleri highlighted software stocks as Thursday's standout performers. He observed that the software ETF maintained support levels following June's decline and achieved an upside breakout. The semiconductor ETF similarly resumed its rally pattern. Should Warsh's Friday remarks indicate stable interest rate policy, markets may experience sustained momentum heading into the following week. Limited Time Offer Get 3 free stock ebooks. Discover top-performing stocks in AI, Crypto, and Technology with expert analysis. * Top 10 AI Stocks - Leading AI companies * Top 10 Crypto Stocks - Blockchain leaders * Top 10 Tech Stocks - Tech giants