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Federal Reserve

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Core faculty

John D. Ciorciari

Associate Dean for Research and Policy Engagement; Professor of Public Policy; Director, International Policy Center and Weiser Diplomacy Center
Ciorciari is a professor of public policy and director of the Ford School's Weiser Diplomacy Center and International Policy Center. His research focuses on international law and politics in the Global South.
John Ciorciari
Core faculty

Susan M. Collins

Edward M. Gramlich Collegiate Professor of Public Policy; Professor of Economics
Collins is on extended leave to serve as the president and CEO of the Boston Federal Reserve Bank. At U-M, she served as provost from 2020-22. At the Ford School, she is the Edward M. Gramlich Collegiate Professor of Public Policy, professor of economics, and former dean of the Ford School (2007-17). She is an international economist whose research interests center on understanding and fostering economic growth in industrial, emerging market, and developing countries.
Susan M. Collins
Core faculty

Justin Wolfers

Professor of Public Policy and Economics
jwolfers@umich.edu
(734) 615-6846
Wolfers is an economist with broad policy-related interests and experience. He is also affiliated with the NBER, Brookings and the Peterson Institute for International Economics. He is a contributing columnist for the New York Times and host of the “Think Like An Economist” podcast. He is a popular teacher and author of a leading economics textbook.
Justin Wolfers
In the Media

Stevenson analyzes Fed messaging

Mar 21, 2023 Bloomberg
Betsey Stevenson, Bloomberg: "I think sticking with 25 basis points is hopefully going to be sending the signal that they (the Federal Reserve) really do believe that the situation is stabilizing. That they don't need to veer from their planned...
Betsey Stevenson
In the Media

Stevenson discusses interest rate effects on labor market

Mar 7, 2023 Bloomberg
Betsey Stevenson, Bloomberg: "I think it's really hard to interpret the impact of the interest rate increases on the labor market. And the reason is that we would have to know the counterfactual—what would have happened in the labor market if we...
Betsey Stevenson
In the Media

Stevenson discusses how central banks see wage increases

Jan 3, 2023 CNN
Betsey Stevenson, CNN: "I think what you're hearing is central banks want to make sure that we're not seeing wage increases drive further inflation because then your wage increases aren't going to do you any good—it's just going to be used to pay...
Betsey Stevenson
In the Media

Stevenson looks ahead at interest rates and inflation

Dec 28, 2022 CNBC
Betsey Stevenson, CNBC: "I think it’s important to realize that the Fed sees themselves as having two tools right now to bring inflation down. One is bringing rates high, and then the other is keeping them high for longer. And I think one thing...
Betsey Stevenson
In the Media

Wolfers provides 2023 economic forecast

Dec 21, 2022 In the Bubble
Justin Wolfers, In the Bubble: "(Inflation’s) almost certainly peaked. That’s the mainstream view among both Wall Street and academic economists right now. The Fed’s own forecasts show that it expects inflation to fall relatively dramatically over...
Photo of Justin Wolfers
In the Media

Stevenson considers further Fed action on inflation

Dec 12, 2022 DBusiness
Betsey Stevenson, DBusiness: "We thought we’d see inflation start to come down, and instead what we’ve seen is inflation really sort of entrenched. If there’s no real progress, then that says, does the Fed need to take stronger action? And if the...
Betsey Stevenson
News

Stevenson breaks down latest jobs report data

Dec 5, 2022
In addition to providing BLS Monthly Jobs Report Rapid Insights, Betsey Stevenson, professor of economics and public policy, has lent her expertise to numerous media outlets to break down the latest jobs report. Here's what she had to say about the...
Betsey Stevenson
News

Stevenson breaks down inflation's causes on 'Face the Nation'

Oct 19, 2022
As inflation continues to rise, voters are getting more and more worried about the economy. To alleviate some of that concern, Betsey Stevenson, professor of public policy and economics, provided her expertise on CBS News: Face the Nation. "It is...
Stevensom SRM Subcommittee Hearing Teaser Display
In the Media

Wolfers says Fed is on track to a 'soft landing'

Oct 8, 2022 CNN News Source
As economic worries continue, Justin Wolfers, professor of public policy and economics, provided his expert opinion on inflation and the economy. “The thing that’s hurting people of course is inflation," he said. “This has been a key goal of the...
Photo of Justin Wolfers
News

Wolfers sees signs of optimism amid high inflation numbers

Jul 21, 2022
The latest inflation rate numbers show an increase in prices of 9.1%. Ford School economics professor Justin Wolfers has been discussing the intricacies of elements and implications of that rate.   Reacting to the inflationary pressure, the...
Justin Wolfers
News

Stevenson on inflation figures

Jul 18, 2022
Ford school professor Betsey Stevenson has been commenting on the latest inflation figures, which in the U.S. saw an annual rate of 9.1% in June. She told ABC Australia, "Heating your house, filling your tank — that's where Americans are really...
Betsey Stevenson
News

Stevenson and Wolfers discuss latest jobs report

Apr 4, 2022
The labor market is still booming, according to the latest jobs report. Justin Wolfers and Betsey Stevenson, both professors of public policy and economics, broke down what the jobs report means for Americans. "I do think it more likely that the...
Betsey Stevenson and Justin Wolfers
In the Media

Oil price uncertainty a factor for the Fed - Stevenson

Mar 21, 2022 NPR Marketplace
The Federal Reserve walks a thin line while trying to stop inflation without stopping growth. Betsey Stevenson, professor of public policy and economics, discussed what they need to consider when deciding which policy levers to pull. “Are we...
Betsey Stevenson
News

Wolfers weighs in on inflation

Feb 16, 2022
Americans are becoming increasingly worried about inflation. Justin Wolfers, professor of public policy and economics, discussed the Federal Reserve's current approach to intervening in the economy to address the issue. "The mechanism by which...
Photo of Justin Wolfers
In the Media

Stevenson proposes solutions for inflation

Feb 10, 2022 Yahoo! News
With Americans panicking about rising prices, Betsey Stevenson, professor of public policy and economics, proposed how to slow inflation down.  "So we've got two ways to fix the problem: We can bring down demand ... or we can try to increase...
Photo of Betsey Stevenson leading a class