Leadership Team

Stephen J. Douglass

Senior Economic Strategist

Committees: Member, Investment Committee

Stephen is a member of the team responsible for communicating economic, market and portfolio-related information to clients. He also conducts analysis on the global economy, monetary policy and interest rate markets and authors pieces on these topics.

Stephen joined NISA in 2016. Prior to NISA, 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 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 SAIS.

Recent Perspectives

Jay Powell’s Manic Monday

After two years of pandemic firsts, we thought we’d used the adjective “unprecedented” for the last time in this cycle. Then the Federal Reserve did something on Monday that we’ve...

June 2022

A Potential New Tool in the LDI Toolkit

The CME Group launched a new product earlier this month — a 20-year Treasury futures contract. This follows the Treasury Department’s recent introduction of a 20-year bond, which has not...

March 2022

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