Image of Philip Jefferson

Philip Jefferson

Person

The Vice Chair of the Federal Reserve, mentioned as a Biden appointee in the discussion about the political balance within the Fed's leadership.


entitydetail.created_at

7/19/2025, 8:29:35 AM

entitydetail.last_updated

7/22/2025, 5:15:59 AM

entitydetail.research_retrieved

7/19/2025, 8:49:48 AM

Summary

Philip Nathan Jefferson, an American economist born in 1961 or 1962 in Washington, D.C., currently serves as the 23rd Vice Chair of the Federal Reserve, a position he assumed in September 2023. He has been a member of the Federal Reserve Board of Governors since May 2022, following his nomination by President Joe Biden in January 2022 and Senate confirmation. His appointment marked him as the fourth Black man to join the Board. Prior to his roles at the Federal Reserve, Jefferson held significant academic positions, including vice president for academic affairs, dean of faculty, and professor of economics at Davidson College, and also taught economics at Columbia University and Swarthmore College. He previously worked as a research economist for the Federal Reserve. His work has focused on macroeconomics, econometrics, and issues like unemployment, poverty rates, and income distribution.

Referenced in 1 Document
Research Data
Extracted Attributes
  • Children

    2

  • Education

    Vassar College (AB), University of Virginia (MA, PhD)

  • Birth Year

    1961 or 1962

  • Occupation

    Economist

  • Birth Place

    Washington, D.C., U.S.

  • Distinction

    Fourth Black man to serve on the Federal Reserve Board of Governors

  • Research Focus

    Macroeconomics, Econometrics, Role of education as a buffer against unemployment, Effect of business cycles on poverty rates, Distribution of income between labor and capital

  • Current Position

    23rd Vice Chair of the Federal Reserve

  • Term as Vice Chair

    Four-year term starting September 13, 2023

  • Term as Board Member

    Unexpired term ending January 31, 2036

Timeline
  • Born Philip Nathan Jefferson in Washington, D.C., U.S. (Source: summary)

    1961 or 1962

  • Worked as an assistant professor at Columbia University. (Source: web_search_results)

    Before 1997

  • Served as a research economist at the Board of Governors of the Federal Reserve System. (Source: summary)

    Before 1997

  • Joined the faculty of Swarthmore College. (Source: web_search_results)

    1997

  • Served as president of the National Economic Association. (Source: web_search_results)

    2005

  • Nominated by President Joe Biden to be a member of the Federal Reserve's Board of Governors. (Source: web_search_results)

    2022-01-14

  • Senate Banking Committee held hearings to review his nomination. (Source: web_search_results)

    2022-02-03

  • Senate Banking Committee approved his nomination with a unanimous vote of 24–0. (Source: web_search_results)

    2022-03-16

  • Confirmed by the full United States Senate with a vote of 91-7. (Source: web_search_results)

    2022-05-11

  • Sworn in as a member of the Federal Reserve Board of Governors. (Source: dbpedia)

    2022-05-23

  • Took office as the 23rd Vice Chair of the Board of Governors of the Federal Reserve System. (Source: summary)

    2023-09-13

  • End of his unexpired term as a member of the Board of Governors. (Source: web_search_results)

    2036-01-31

Philip Jefferson

Philip Nathan Jefferson (born 1961/1962) is an American economist who has been serving as 23rd Vice Chair of the Federal Reserve since September 2023. He has been a member of the Federal Reserve Board of Governors since 2022. He was nominated for the position by President Joe Biden in January 2022, and was confirmed by the Senate in May 2022. Upon taking office, he became the fourth Black man to serve on the board. Prior to serving on the board, Jefferson worked at Davidson College as a vice president for academic affairs, dean of faculty, and professor of economics. He was also a professor at both Columbia University and Swarthmore College, and formerly served as a research economist at the Federal Reserve.

Web Search Results
  • Philip Jefferson - Wikipedia

    Philip Nathan Jefferson (born 1961/1962) is an American economist who has been serving as 23rd Vice Chair of the Federal Reserve since September 2023. He has been a member of the Federal Reserve Board of Governors since 2022. He was nominated for the position by President Joe Biden in January 2022, and was confirmed by the Senate in May 2022. Upon taking office, he became the fourth Black man to serve on the board. [...] After completing his PhD, Jefferson worked as assistant professor at Columbia University, a visiting professor at the University of California at Berkeley, and as an economist at the Board of Governors of the Federal Reserve System. In 1997, he joined the faculty of Swarthmore College, where he taught courses on econometrics, macroeconomics, and poverty and inequality and became Centennial Professor of Economics. [...] | Born | Philip Nathan Jefferson 1961 or 1962 (age 63–64) Washington, D.C., U.S. | | Children | 2 | | Education | Vassar College (AB) University of Virginia (MA, PhD) | | | |

  • Philip Jefferson Facts for Kids

    Jefferson Philip BDM June 16 22-091 8x10 (52247534443).jpg Philip Nathan Jefferson (born in 1961 or 1962) is an American economist. He currently serves as the 23rd Vice Chair of the Federal Reserve. He started this important job in September 2023. [...] | Preceded by | Richard Clarida | | | | | Personal details | | | Born | Philip Nathan Jefferson 1961/1962 (age 63–64) Washington, D.C., U.S. | | Children | 2 | | Education | Vassar College (AB) University of Virginia (MA, PhD) | | | | [...] NZ78694 (52094754299) On January 14, 2022, President Biden chose Philip Jefferson to be a member of the Federal Reserve's board. The Senate Banking Committee held hearings to review his nomination on February 3, 2022. The committee approved his nomination with a unanimous vote of 24–0 on March 16, 2022. The full United States Senate then confirmed his nomination. They voted 91-7 in favor of him. ### Becoming Vice Chair

  • Philip Jefferson :: News & Events - Swarthmore College

    500 College Avenue Swarthmore, PA 19081 news@swarthmore.edu (610) 328-8533 # Philip Jefferson Centennial Professor of Economics Philip Jefferson Philip Jefferson, a former research economist at the Federal Reserve Board, teaches macroeconomics and econometrics. His recent research has delved into such issues as the role of education as a buffer against unemployment, the effect of business cycles on poverty rates, and the distribution of income between labor and capital. [...] Jefferson has held visiting appointments at the Federal Reserve Bank of New York and the University of California. Before coming to Swarthmore in 1997, he taught at Columbia University and the University of Virginia. He holds a B.A. in economics from Vassar College and an M.A. and Ph.D. in economics from the University of Virginia. ## Audio ## Video Philip Jefferson ## Video Philip Jefferson ## Audio ### Submissions Welcome [...] Jefferson, whose research has been funded by the National Science Foundation and who served as president of the National Economic Association in 2005, can also provide expert commentary on the Federal Reserve and the monetary policy making process.

  • Philip N. Jefferson, Vice Chair - Federal Reserve Board

    Philip N. Jefferson took office as the Vice Chair of the Board of Governors of the Federal Reserve System on September 13, 2023, for a four-year term. Dr. Jefferson has served as a member of the Board of Governors of the Federal Reserve System since taking office on May 23, 2022, to fill an unexpired term ending January 31, 2036. Most recently, Dr. Jefferson was vice president for academic affairs and dean of faculty and the Paul B. Freeland Professor of Economics at Davidson College. [...] Before then, Dr. Jefferson served as chair of the Department of Economics at Swarthmore College, where he was the Centennial Professor of Economics. Prior to this position, Dr. Jefferson was an economist at the Board of Governors of the Federal Reserve System. [...] Dr. Jefferson’s other past roles include being president of the National Economic Association. He also served on the Vassar College Board of Trustees and the Board of Advisors of the Opportunity and Inclusive Growth Institute at the Federal Reserve Bank of Minneapolis. Dr. Jefferson received a BA in economics from Vassar College and an MA and a PhD in economics from the University of Virginia. ###### Board of Governors of the Federal Reserve System ###### Tools and Information

  • CSMGEP Profiles: Philip N. Jefferson, Swarthmore College

    Portrait of Philip JeffersonEvery evening growing up, Philip Jefferson watched the CBS Evening News with Walter Cronkite. “It was a ritual in our house. My dad would come home, tired from a day of work and turn on the t.v. No noise, no fighting. We all had to be quiet and watch the news.” It was the late 1970s and the economy, inflation, and financial news filled the screen. Jefferson was beginning to think about the future, and there were two things he knew. He didn’t want to be a civil [...] Portrait of Philip JeffersonEvery evening growing up, Philip Jefferson watched the CBS Evening News with Walter Cronkite. “It was a ritual in our house. My dad would come home, tired from a day of work and turn on the t.v. No noise, no fighting. We all had to be quiet and watch the news.” It was the late 1970s and the economy, inflation, and financial news filled the screen. Jefferson was beginning to think about the future, and there were two things he knew. He didn’t want to be a civil [...] Philip N. Jefferson, Professor of Economics, Swarthmore College

Philip Nathan Jefferson is an American economist who served as a member of the Federal Reserve Board of Governors since 2022. He was previously vice president for academic affairs, dean of the faculty, and Paul B. Freeland professor of economics at Davidson College, Centennial Professor of Economics at Swarthmore College, a research economist for the Federal Reserve, and a professor at Columbia University. President Biden nominated him to serve as a member of the Board of Governors of the Federal Reserve System in January 2022. He became the fourth Black man to sit on the Federal Reserve's Board after the Senate confirmed his nomination on May 11, 2022. He was sworn in on May 23, 2022.

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Location Data

Philip Drive, Harvey, Jefferson Parish, Louisiana, 70058, United States

residential

Coordinates: 29.8770906, -90.0456155

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