Internship

Junior Intern

Economic Research

Confirmed live in the last 24 hours

The Federal Reserve System

The Federal Reserve System

1,001-5,000 employees

Central bank managing U.S. monetary policy

Fintech
Financial Services

No H1B Sponsorship

Dallas, TX, USA

Hybrid position.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Python
R
MATLAB
Word/Pages/Docs
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Completed your Junior year with coursework in economics, statistics, econometrics, mathematics, and computer science and with a GPA of 3.5 or higher
  • A copy of your current transcripts is required to be considered for this position
  • Basic knowledge of programming in a package such as STATA, R, Python or Matlab
  • Proficiency in Microsoft Word, Excel, PowerPoint, Outlook, and SharePoint
  • Basic knowledge and understanding of economic variables and their interrelationships
  • Knowledge of the purpose and nature of specific data sets requested by economists
  • Understanding of econometric techniques that facilitate interpretation and use of data in economic analysis
  • Past research experience (with a professor or research organization)
  • Strong writing and verbal communication skills
  • Ability to work in a team setting
  • Equivalent education and/or experience may be substituted for any of the above requirements
Responsibilities
  • Assist economist(s) in one of Research’s groups (macroeconomics, international, regional, energy, or banking and finance) in their academic research and/or policy analysis.
  • The specific tasks will do will depend on the project(s) you work on, and will include some or all of:
  • Learning and summarizing recent and relevant research and analysis
  • Locating, obtaining, and compiling statistical data
  • Constructing files and producing charts and other graphics
  • Replicating previous research on a relevant topic
  • Performing statistical and econometric analysis under the direction of economists
  • Learning and solving (on the computer) theoretical models of the macroeconomy, international trade, or banking
  • Contributing ideas and suggestions for project improvement
  • Sharing knowledge and providing advice to research assistants (RAs) and other interns on economic issues and assignments
The Federal Reserve System

The Federal Reserve System

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The Federal Reserve System serves as the central bank of the United States, playing a crucial role in shaping the nation's economy and financial stability. It formulates national monetary policy, which involves managing interest rates and money supply to promote economic growth and control inflation. The Federal Reserve also supervises and regulates banks and bank holding companies to ensure a safe and sound banking system. Additionally, it provides financial services to banks and the U.S. government, acting as a bank for banks. What sets the Federal Reserve apart from other financial institutions is its unique position as a government entity that operates independently to achieve its economic goals. The primary goal of the Federal Reserve is to foster a stable financial system and a healthy economy, ultimately benefiting the public and the global economy.

Company Stage

N/A

Total Funding

N/A

Headquarters

null, null

Founded

1913

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased focus on digital currency enhances the Fed's regulatory and innovation capabilities.
  • The rise of fintech partnerships offers modernization and improved financial inclusion opportunities.
  • Involvement in climate risk management positions the Fed as a leader in sustainable finance.

What critics are saying

  • Enforcement actions against Texas banks suggest potential systemic issues needing more oversight.
  • Interest on Excess Reserves may complicate monetary policy and inflation control.
  • Slow FedNow adoption due to outdated tech could hinder payment system modernization.

What makes The Federal Reserve System unique

  • The Federal Reserve is the central bank of the United States, a global financial leader.
  • It plays a crucial role in formulating national monetary policy and regulating banks.
  • The FedNow Service marks a significant step in modernizing the U.S. payment system.

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