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

WAM Graph

The Warsh-ington Consensus

After much public deliberation, President Trump announced Kevin Warsh as his nominee to succeed Jerome Powell and become the 17th Chairman of the Federal Reserve Board of Governors. Relative to...

February 2026

unemployment rate featured

Labor Market Shows Hints of Stabilization

The December payrolls report released this morning represents the first clean view of the labor market since September. The BLS stated that the December figures were not impacted by the...

January 2026

charitable giving by individuals FEATURED

The Season of Giving

‘Tis the season of giving, especially in the United States. American individuals will probably donate more than $400 billion to charity this year, much of it in the month of...

December 2025