Leadership Team

Douglass Stephen 1645F Jun2022B 540x675 1

Stephen J. Douglass

Chief Economist

Committees: Member, Investment Committee

NISA’s Chief Economist and Investment Committee member, Stephen Douglass, analyzes the global economy, monetary and fiscal policy as well as interest rate markets. He is a thought leader regularly featured on NISA webinars and author of Perspectives, as well as a resource for NISA clients.

Stephen joined NISA in 2016. Prior to that, he was a trader/analyst at the Federal Reserve Bank of New York, where he analyzed U.S. interest rate markets and helped manage the Fed’s multi-trillion dollar portfolio of Treasury securities. He has previous experience as a trader at a multi-strategy hedge fund. Stephen earned a BA in Mathematical Economics from Colgate University, an MBA from INSEAD and an MA in International Economics from Johns Hopkins University School of Advanced International Studies.

To subscribe to Stephen’s and other NISA thought leaders’ content, email [email protected].

Recent Perspectives

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Alternative Labor Data Aren’t Encouraging

Spare a thought for your local financial economist today. The shutdown has deprived us of BLS data and our favorite day of the month spent digging through the details of...

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Divided FOMC Resumes Easing Cycle

A starkly divided FOMC lowered the policy rate by 25 bps today to a range of 4.00-4.25%, resuming the easing cycle that had been paused since January due to inflation...

September 2025