Fed taps long-time staffer as new leader of division advising on monetary policy

A veteran of the Federal Reserve, who is being hailed as offering “keen insights and advice” that are “indispensable” to interest-rate policy setters at the agency, is the next leader of monetary affairs for the Fed, it was announced Monday.

Trevor Reeve, who has been with the agency for more than two decades, is now director of the division of monetary affairs at the Fed. In that role, he advises the Fed’s Board of Governors and the Federal Open Market Committee (FOMC) on the conduct of monetary policy, including open market operations and the discount window. The Fed said he will lead the division’s more than 170 staff members.

Reeve succeeds Thomas Laubach who led the division since 2015, and who served at the Fed for nearly two decades.

In a release, Fed Chair Jerome H. (“Jay”) Powell lauded Reeve’s experience in policy analysis and in facilitating monetary policymaking. “His keen insights and advice have been indispensable to my colleagues and me,” Powell said.

An economist, Reeve joined the Fed in 1998 and the staff of the Fed Board’s official staff in 2006. The Fed said he served in senior roles in the Fed’s division of international finance, overseeing sections that monitor foreign economies, trade issues, and foreign financial issues. In 2012, he spent a year as senior adviser to the U.S. Executive Director of the International Monetary Fund. In 2014, Reeve became special adviser to then-Chair Janet L. Yellen and was appointed deputy director of the division of monetary affairs in 2017.

Reeve earned a B.S. in international studies from the University of Utah in 1993. He received M.A. and Ph.D. degrees in economics (in 1996 and 1998, respectively) from Harvard University

Federal Reserve Board appoints Trevor Reeve as director of the Division of Monetary Affairs