Kristin Forbes was a member of the Monetary Policy Committee from July 2014 until June 2017.
She is also the Jerome and Dorothy Lemelson Professor of Management and Global Economics at the Sloan School of Management at the Massachusetts Institute of Technology. This continues Professor Forbes tradition of serving in senior policy positions while maintaining her academic affiliation with MIT. She served as a Deputy Assistant Secretary in the U.S. Treasury Department from 2001-2002, as a Member of the White House’s Council of Economic Advisers from 2003-2005, and a Member of the Governor’s Council of Economic Advisers for Massachusetts from 2009-2014.
Professor Forbes academic research addresses policy-related questions in international macroeconomics, including topics such as capital flows, contagion, and financial crises. Forbes was named a "Young Global Leader" as part of the World Economic Forum at Davos. She is a research associate at the NBER and a member of the Bellagio Group and Council on Foreign Relations. She was previously on the academic advisory board of the Congressional Budget Office, Peterson Institute for International Economics, and Center for Global Development. Before joining MIT, Forbes worked at the World Bank and Morgan Stanley. She received a PhD in Economics from MIT and her BA, summa cum laude with highest honours from Williams College.