Vincent Reinhart, a former director of the Federal Reserve Board's Division of Monetary Affairs, joined AEI in 2008 after working on domestic and international aspects of U.S. monetary policy at the Fed for more than two decades. He held a number of senior positions in the Divisions of Monetary Affairs and International Finance and served for the last six years of his Federal Reserve career as secretary and economist of the Federal Open Market Committee. Mr. Reinhart worked on topics as varied as economic bubbles and the conduct of monetary policy, auctions of U.S. Treasury securities, alternative strategies for monetary policy, and the efficient communication of monetary policy decisions. At AEI, he has continued his work on all of the above in addition to research on key economic variables before and after adverse global and country-specific shocks, policy mistakes leading to the 2007-09 financial meltdown, and the implementation and impact of quantitative easing.


  • Chief U.S. Economist, Morgan Stanley, 2011-Present
  • Resident Scholar, American Enterprise Institute, 2008-2011
  • Director, Division of Monetary Affairs, Board of Governors of the Federal Reserve System, 2001-2007
  • Secretary and Economist, 2001-2007; Deputy Director, Division of International Finance, and Associate Economist, 1999-2001, Federal Open Market Committee, Federal Reserve
  • Deputy Associate Director, 1998-99; Assistant Director, 1994-98, Division of Monetary Affairs, Federal Reserve
  • Chief, 1991-94; Senior Economist, 1990-91; Economist, 1988-90, Banking and Money Market Analysis Section, Division of Monetary Affairs, Federal Reserve
  • Senior Economist, International Research Department, 1987-88; Economist, Domestic Research Department, 1985-87; Economist, International Research Department, 1983-85, Federal Reserve Bank of New York


M.Phil. and M.A., Columbia University
B.S., Fordham University