Federal Reserve Board Interview Questions
& Process
Real candidates share what happened, how many rounds they had,
and how the experience turned out.
Based on 110 interview experiences · FREE TO READ
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28 roles · 110 reportsCandidate interview experiences
First-hand accounts from people who interviewed at Federal Reserve Board.
Federal Reserve Board
Economic Research Intern
Intern Average Neutral experience No offer 1 round
Interview process
Recruiter call Technical screen Background check Offer
Interview formats
Technical Behavioral
It was a very quick process with typical questions and a panel of two junior professionals, one of whom was a prior intern. There was just one interview, but a lot of paperwork was required to check eligibility. However, it's been hard to figure out if the next steps with the paperwork mean an offer is coming.
Confirmed questions1 question
- Can you tell me about your experience using quantitative analysis software like R, Python, or Stata?
Federal Reserve Board
Research Assistant
Entry Average Positive experience Accept offer 2 rounds
Interview process
Recruiter call Technical screen Onsite
Interview formats
Behavioral Technical
I had two interviews, each with about 2-3 economists from different teams. Each interview was about 1-2 hours long. They asked a mix of behavioral and technical questions, focusing on econometrics and data. They also asked a lot about my undergraduate research projects and my future interests.
Confirmed questions3 questions
- Can you interpret these Stata results for me?
- Tell me about your research projects.
- What are your future research interests?
Federal Reserve Board
IT
Entry Average Neutral experience No offer 6 rounds
Interview process
Recruiter call Technical screen Onsite Offer
Interview formats
Technical Behavioral
I applied online and a recruiter reached out. Then I had multiple interviews with 6 people total. The interview process was easy, they took turns asking questions. The last interview was with 2 seniors and it was fun. They asked me scenario based questions that were also technical. It has been over 2 months and I haven't heard back. I think I did well because they asked follow up questions and agreed. It was a waste of time.
Confirmed questions1 question
- Can you explain the workings of malware?
Federal Reserve Board
Data Analyst
Intern Average Neutral experience Accept offer 2 rounds
Interview process
Recruiter call Technical screen Onsite
Interview formats
Behavioral Technical
We had a pretty chill chat with the team lead and his manager. They asked me some open-ended stuff about what I've done before, why I wanted to intern at the Fed, and what the Fed actually does. Then, they quizzed me on some econometrics concepts like OLS and basic stats, and also some finance stuff, like what stocks and bonds are, how options are valued, and how interest rates mess with all that.
Confirmed questions3 questions
- Could you state the three assumptions of OLS?
- What exactly is a bond?
- Regarding bonds, what factors influence their return?
Federal Reserve Board Interview Questions
Quoted word for word from Federal Reserve Board interview reports.
“Regarding the interest rate, what is its relationship with changes in the money supply?”
Read reports →“Could you explain the advantages of a fiat currency compared to a gold standard?”
Read reports →“Should the Board stick with the 2.0% inflation target, in your opinion?”
Read reports →“What's something interesting you learned about the '08 financial crisis?”
Read reports →“If you're given a dataset and code to reproduce a paper's results, but the code doesn't work, what steps would you take?”
Read report →“If you were given code and data to replicate a paper, but the code wouldn't run, how would you tackle that?”
Read report →“Can you work Mon-Fri at mid morning until after 4:30? No weekends, no doubletime, holidays, and additions paid vacation.”
Read report →“Looking back, if you could choose your major again, what would it be?”
Read report →“Regarding the 2008 financial crisis, what aspects stood out to you the most?”
Read report →Formats, difficulty and experience
Across all 110 Federal Reserve Board interview reports.