Internship
The Federal Reserve System
1,001-5,000 employees
Central bank managing U.S. monetary policy
Compensation Overview
$20 - $21/hr
No H1B Sponsorship
Kansas City, MO, USA
Hybrid – at least 50% onsite.
- Undergraduate or graduate students within two years of graduation.
- Strong analytical and problem solving skills.
- Initiative and leadership skills.
- Effective communication and interpersonal skills, including the ability to work effectively in a team environment.
- Proficient computer skills in programs including, but not limited to, Word, Excel, and PowerPoint.
- Participates in a variety of challenging assignments, similar to those handled by full-time staff.
- Serves as a 'consultant' to management by completing projects and preparing recommendations for improving current practices or implementing new programs.
- Conducts diverse projects within the Bank that range from quantitative analytical assignments, such as assisting with budget variances and tracking operating costs, to creative tasks, such as writing or compiling presentations.
- Experiences a high degree of creative input and ownership of the various projects assigned along with seeing first-hand the project review process by upper management.
- Contributes to bank-wide objectives by developing specific target areas and seeing your ideas put to work such as planning a bank-wide event or creating new content for the public website.
The Federal Reserve System serves as the central bank of the United States, playing a crucial role in shaping the nation's economy and ensuring 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 maintain 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 goals. The primary aim of the Federal Reserve is to foster a healthy economy and a stable financial system, ultimately benefiting the public and the global economy.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
null
Founded
1913
Simplify's Take
What believers are saying
- The Fed is modernizing payment systems with the FedNow Service.
- It emphasizes diversity and inclusion to improve decision-making.
- The Fed collaborates internationally to address global financial challenges.
What critics are saying
- The Fed faces criticism for risky financial practices.
- Litigation challenges the Fed's stress-testing framework.
- Michael Barr's resignation highlights criticism on crypto and banking oversight.
What makes The Federal Reserve System unique
- The Federal Reserve is the central bank of the United States.
- It introduced Quantitative Easing in response to the 2008 Financial Crisis.
- The Fed is exploring a U.S. central bank digital currency (CBDC).
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
401(k) Retirement Plan
Paid Vacation
Paid Sick Leave
Paid Holidays
Pet Insurance
Wellness Program
Company News
***WASHINGTON - Federal Reserve Board Governor Michael Barr speaks on "Small Business Lending" before the Aspen Institute "Advancing Innovation and Fairness in Small Business Finance" event, 1510 EDT/1910 GMT.
After concluding Federal Open Market Committee (FOMC) meeting, the US Federal Reserve has released its second policy decision for 2025.
Expect heightened volatility, as the Federal Reserve's interest rate decision will be announced today at 21:00 GMT+3, followed by a press conference with Chair Jerome Powell at 21:30 GMT+3.
In response to the 2008 Financial Crisis, the Federal Reserve introduced Quantitative Easing (QE) as a new monetary policy tool.
The Federal Reserve is criticized for losing over a trillion dollars and engaging in risky financial practices that could harm the U.S. dollar and global economy.