Brian P. Sack is the executive vice president of the Markets Group at the Federal Reserve Bank of New York. He is also the Manager of the System Open Market Account for the Federal Open Market Committee (FOMC). The Markets Group oversees domestic open market and foreign exchange trading operations and the provisions of account services to foreign central banks.

Prior to joining the New York Fed, Mr. Sack was a vice president at Macroeconomic Advisers and the deputy director of the Monetary Policy Insights service offered by that firm. In that capacity, Mr. Sack conducted extensive analysis of the interactions between Federal Reserve policy actions, financial markets and the U.S. economy. Prior to joining Macroeconomics Advisers in 2004, Mr. Sack was the head of the Monetary and Financial Markets Analysis section at the Board of Governors of the Federal Reserve System. His responsibilities in that role included preparing materials on financial market developments for the FOMC and briefing Board members about those developments. Mr. Sack has also published a number of research articles in academic journals in the fields of economics and finance.

Mr. Sack received his doctorate in economics from the Massachusetts Institute of Technology in 1997 and a bachelor’s degree from the University of Vermont in 1992.

June 2009