Staff Details

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Terry J. Fitzgerald

Senior Economist and Vice President


Terry J. Fitzgerald is a vice president and senior economist in the Research Division of the Federal Reserve Bank of Minneapolis. He leads the Economic Analysis Group, which conducts policy-oriented research and produces a wide range of economic and policy analysis for senior bank management, the board of directors, the Federal Reserve System, and the public. Terry also coordinates policy activities across the Research Division, including support for FOMC briefings, presidential speeches and essays, and other policy activities and Research initiatives. His research focuses on the national economy and has appeared in professional journals and in publications of the Federal Reserve Banks of Chicago, Cleveland, and Minneapolis. He has served as a keynote speaker for a range of business, government, nonprofit, and public groups.  

Terry has 25 years of experience with the Federal Reserve. He worked at the Federal Reserve Bank of Minneapolis while attending graduate school at the University of Minnesota. He rejoined the Bank as a visiting scholar in 2001 and as a full-time economist in 2006 before being promoted to assistant vice president in 2009 and to vice president in 2012. Prior to returning to Minneapolis, Terry served as a research economist at the Federal Reserve Bank of Cleveland and as a professor of economics at St. Olaf College in Northfield, Minnesota.

Terry holds a B.S. in economics from the University of Iowa and a Ph.D. in economics from the University of Minnesota.

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Recent Minneapolis Fed Work

Is There a Stable Relationship between Unemployment and Future Inflation? Evidence from U.S. Cities
May 2014 - Working Paper

Is There a Stable Phillips Curve After All?
December 2013 - The Region

Is There a Stable Phillips Curve After All?
November 2013 - Economic Policy Papers

Degrees of Job Security
December 2010 - The Region

When half-full feels more like three-quarters
July 2010 - fedgazette

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Federal Reserve Bank of Minneapolis
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Minneapolis, MN 55401