FOR IMMEDIATE RELEASE

May 4, 2020                                          

CONTACT: Victoria Rosengarten

KANSAS CITY, MISSOURI –  Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther George announced that Joe Gruber will join the Bank as executive vice president and director of research. Gruber will join the Bank’s Management Committee and serve as the Bank’s chief economist and policy advisor to George.  

Gruber will lead research and analysis programs that support the Bank’s monetary policy, bank supervision and payments missions. He will also oversee the division’s responsibilities for providing high performance computing, data warehousing, and data management services to the Federal Reserve System.

Gruber comes from the Federal Reserve System’s Board of Governors, where he served as deputy director of the International Finance Division. He joined the Board in 2001 as an economist in the Advanced Foreign Economies section analyzing economic developments in key U.S. trading partners. In 2004, he transferred to the Trade and Quantitative Studies section and became chief of the section in 2008 with responsibility for the Board’s coverage of oil markets, commodity prices and U.S. trade flows.

Gruber joined the Board’s official staff in 2012. During his tenure at the Board, he also served as a special advisor to the Board, first for Vice Chair Stanley Fischer and more recently for Vice Chair for Supervision Randal Quarles. In 2015, he was a visiting senior advisor in the U.S. Executive Director’s Office at the International Monetary Fund.

“Joe’s experience will be a strong asset for the Kansas City Fed and will provide important perspective for my role on the Federal Open Market Committee,” George said. “We are looking forward to welcoming Joe to the Tenth District and look forward to his leadership of our Economic Research division.”

Gruber has B.A. degrees in international studies and economics from the University of Washington and a Ph.D. in economics from Johns Hopkins University. His economic research has been published in numerous academic journals. He has also taught macroeconomics at Johns Hopkins and Georgetown universities.

As the regional headquarters of the nation’s central bank, the Kansas City Fed and its branch offices in Denver, Oklahoma City and Omaha serve the seven states of the Tenth Federal Reserve District: Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico and western Missouri.