Philip Jefferson
Official portrait, 2022
23rdVice Chair of the Federal Reserve
Incumbent
Assumed office September 13, 2023
President	Joe Biden Donald Trump
Preceded by	Lael Brainard
Member of theFederal Reserve Board of Governors
Incumbent
Assumed office May 23, 2022
Appointed by	Joe Biden
Preceded by	Richard Clarida
Personal details
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 Nathan Jefferson (born 1961/1962)^[1] is an American economist who has been serving as 23rdvice chair of the Federal Reserve since September 2023. He has been a member of theFederal Reserve Board of Governors since 2022. He was nominated for the position by PresidentJoe 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.^[2]

Prior to serving on the board, Jefferson worked atDavidson College as a vice president for academic affairs, dean of faculty, and professor of economics.^[3] He was also a professor at bothColumbia University andSwarthmore College, and formerly served as a research economist at theFederal Reserve.^[4]

Jefferson was born and raised in theKingman Park neighborhood of Washington, D.C.^[5] He attendedVassar College, spending his junior year of college at theLondon School of Economics and the following summer as a participant in theAmerican Economic Association pipeline program. He completed a doctoral degree from theUniversity of Virginia in 1990.^[6]

After completing his PhD, Jefferson worked as assistant professor atColumbia University, a visiting professor at theUniversity of California at Berkeley, and as an economist at theBoard of Governors of the Federal Reserve System. In 1997, he joined the faculty ofSwarthmore College, where he taught courses on econometrics, macroeconomics, and poverty and inequality and became Centennial Professor of Economics.^[7][8]

He was the 2005 president of theNational Economic Association.^[8] He has been a trustee of Vassar College since 2002, and served on theSwarthmore Borough Council from 2008 to 2012.^[3]

In 2019, he became vice president for academic affairs and dean of faculty atDavidson College.^[3]

On January 14, 2022, President Biden nominated Jefferson to be a member of the Federal Reserve board of governors.^[9] Hearings were held before theSenate Banking Committee on Jefferson's nomination on February 3, 2022. The committee favorably reported his nomination on March 16, 2022, by a 24–0 vote.^[10] TheUnited States Senate confirmed his nomination by a 91–7 vote.^[11]

In May 2023, Jefferson was nominated to serve asVice Chair of the Federal Reserve, the board's second-highest position.^[12] On September 6, 2023, He was confirmed by the Senate as vice chair by a 88–10 vote.^[13][14]

• Jefferson, Philip N. Poverty: A Very Short Introduction. Oxford University Press, 2018.
• Jefferson, Philip N., ed. The Oxford handbook of the economics of poverty. Oxford University Press on Demand, 2012.
• Jefferson, Philip N., and Frederic L. Pryor. "On the geography of hate." Economics Letters 65, no. 3 (1999): 389–395.
• Jefferson, Philip N. "Does monetary policy affect relative educational unemployment rates?." American Economic Review 95, no. 2 (2005): 76–82.
• Jefferson, Philip N. "Seigniorage payments for use of the dollar: 1977–1995." Economics Letters 58, no. 2 (1998): 225–230.
• Jefferson, Philip N. "Educational attainment and the cyclical sensitivity of employment." Journal of Business & Economic Statistics 26, no. 4 (2008): 526–535.

• 1960s births
• 21st-century African-American people
• African-American economists
• American economists
• Columbia University faculty
• Davidson College faculty
• Federal Reserve economists
• Federal Reserve System governors
• Living people
• Swarthmore College faculty
• Presidents of the National Economic Association
• University of Virginia alumni
• Vassar College alumni
• Vice chairs of the Federal Reserve

• CS1 maint: multiple names: authors list
• CS1 maint: numeric names: authors list
• Articles with short description
• Short description matches Wikidata
• Year of birth missing (living people)