President & Senior Executives

David Marshall leads the Financial Markets Group, which conducts research and policy studies on financial markets, payments systems, systemic risk issues, and related public policy questions, with a particular focus on Chicago derivatives exchanges and clearinghouses. Members of the group work closely with the bank's Economic Research and Supervision & Regulation departments.

Marshall previously served as a vice president in the Economic Research Department, acting as team leader for the department's macroeconomics group.

In addition, he is an adjunct professor of finance at the University of Chicago and an associate editor for the economic research journal Macroeconomic Dynamics. Before joining the Chicago Fed as a senior financial economist, Dr. Marshall served on the faculty at both Northwestern University and the University of Chicago.

Prior to graduate school, Dr. Marshall was a violinist with the Houston Symphony Orchestra. He received a B.A. in philosophy from Yale University in 1972 and his M.S. and Ph.D. in economics from Carnegie Mellon University in 1985 and 1988 respectively.