Maude Toussaint-Comeau

Senior Economist and Economic Advisor

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Maude Toussaint-Comeau


Maude Toussaint-Comeau is a senior economist and economic advisor in the community development and policy studies division of the Economic Research Department of the Federal Reserve Bank of Chicago. Her work has consisted of identifying public policy concerns, conducting applied policy-oriented research, and supporting the bank’s Federal Open Market Committee (FOMC) process. She has also spearheaded a number of outreach and research initiatives to inform policy and promote revitalization on the South and West Sides of Chicago, in Detroit, and in other minority neighborhoods in the Seventh District. Her current research and publications are on banking infrastructure in low-to-moderate income neighborhoods; minority depository institutions; and capitalization of Community Development Financial Institutions.

Toussaint-Comeau is engaged in several professional services activities. She is currently the elected nonacademic director on the board of Western Economic Association International. She is serving as the guest editor and a contributing author for a special issue of the Contemporary Economic Policy Journal on the economics of the middle class. She is also serving as a research advisor committee member for the 2020 ALICE reports for the states of Indiana and Illinois. In the past, she served as an economic advisor for the Council of Economic Advisors to the New Economy Initiative for Southeast Michigan, and as a co-chair of a business development committee and a catalyst committee member for the Greater Chatham Initiative.

Toussaint-Comeau received a 2017 Presidential Award from the Chicago Fed for research and initiatives to uplift minority businesses and revitalization of low-income neighborhoods. She is also the recipient of the 2017 Visionary Award from Chicago United for research projects on diversity in senior leadership and corporate inclusion.

Toussaint-Comeau holds a PhD in economics from the University of Illinois at Chicago.

Bank Publications


Maude Toussaint-Comeau, Robin Newberger | 2018 | November
Robin Newberger, Maude Toussaint-Comeau, Susan Longworth | 2016 | March
Robin Newberger, Maude Toussaint-Comeau | 2015 | December
Robin Newberger, Maude Toussaint-Comeau | 2014 | July
Robin Newberger, Maude Toussaint-Comeau | 2014 | May
Robin Newberger, Maude Toussaint-Comeau | 2012 | December

Chicago Fed Insights

Maude Toussaint-Comeau, Rick Mattoon, Elizabeth Kepner | 2024 | February

Chicago Fed Letter

Robin Newberger, Maude Toussaint-Comeau | 2015 | No. 346 Download
Robin Newberger, Maude Toussaint-Comeau | 2013 | No. 306a | January Download
Daniel DiFranco, Maude Toussaint-Comeau | 2009 | No. 262 | May Download
Maude Toussaint-Comeau | 2009 | No. 213 | April Download

Economic Perspectives

Maude Toussaint-Comeau, Robin Newberger | 2017 | Vol. 41 | No. 4 | May Download
Luojia Hu, Maude Toussaint-Comeau | 2010 | Vol. 34 | No. 2 | 2nd Quarter Download
Maude Toussaint-Comeau | 2008 | Vol. 32 | 4th Quarter Download
Leslie McGranahan, Maude Toussaint-Comeau | 2006 | Vol. 30 | No. 1 Download
Sherrie Rhine, Maude Toussaint-Comeau | 2004 | Vol. 28 | No. 3 | August | 3rd Quarter Download

Midwest Economy Blog

Maude Toussaint-Comeau | 2013 | February

Policy Brief

ProfitWise News and Views

Maude Toussaint-Comeau, Robin Newberger | 2020 | No. 5 | July Download
Maude Toussaint-Comeau, Victoria Williams | 2020 | No. 2 | May Download
Robin Newberger, Maude Toussaint-Comeau | 2014 | November | 4th Quarter Download

Working papers

Working Papers

Jonathan Hartley, Maude Toussaint-Comeau | 2009 | No. 2009-23 | November Download
Maude Toussaint-Comeau | 2007 | No. 2007-24 | November Download
Maude Toussaint-Comeau | 2005 | No. 2005-23 Download
William H. Greene, Sherrie Rhine, Maude Toussaint-Comeau | 2003 | No. 2003-10 Download
Sherrie Rhine, Maude Toussaint-Comeau | 2003 | No. 2003-05 Download

Selected External Publications

Journal Articles

With Robin Newberger and Darline Augustine, 2016, Economic Development Quarterly, Vol. 30,  No. 2, May pp. 171-184. Inclusive Cluster-Based Development Strategies for Inner Cities

Presentations and Other Resources

Toussaint-Comeau on Minority Owned Banks

Video courtesy of C-Span.

2016, Financial Institutions and Inequality Panel, National Economic Association/AFL-CIO Economic Conference, August 10.

Research Brief


Presented January 2015.

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