Vincent R. Reinhart is a visiting scholar at the American Enterprise Institute. From 2011 to 2015, he served as managing director and chief United States economist for Morgan Stanley. He is also a former director of the Federal Reserve Board’s Division of Monetary Affairs, where he worked on domestic and international aspects of US monetary policy for more than two decades. He has 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. Dr. Reinhart worked on various topics including economic bubbles and the conduct of monetary policy, auctions of US treasury securities, alternative strategies for monetary policy, and the efficient communication of monetary policy decisions. At AEI, he also focuses 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 US Economist, Morgan Stanley, 2011–15

Resident Scholar, American Enterprise Institute, 2008–11

Director, Division of Monetary Affairs, Board of Governors of the Federal Reserve System, 2001–07

Secretary and Economist, 2001–07; 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