Leadership Team

Douglass

Stephen J. Douglass

Chief Economist

Committees: Member, Global Investment Committee

NISA’s Chief Economist and Global 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

JOLTS Hires Rates

Hiring Fell to a 15-year Low Before the War

February JOLTS data show that the hires rate fell to a fresh cycle low ahead of the war. The total hires rate dropped three tenths to 3.1%, which matches the...

April 2026

SEP Longer Run Growth Graph WEB

FOMC is Buying the AI Productivity Hype

The results of the March FOMC meeting were mostly as expected. The policy rate was left unchanged by an 11-1 vote with the lone dissent from Governor Miran. The median dots for 2026 and 2027...

March 2026