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

Monthly Change In Private NFPs

Strong Jobs Report Further Delays Cuts

Nonfarm payroll employment surged by 172,000 in a blowout May jobs report, while the prior two months were revised higher by an additional 93,000. The only blemish is that breadth is still a bit narrow. Leisure and hospitality and local...

June 2026

CPICoreGoodsMSAA

April CPI: Hot Print, Cold Comfort

CPI inflation printed above expectations for the month of April. The figure was biased higher by a statistical quirk dating back to the government shutdown, and there are good reasons...

May 2026