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When I set out on my career search, I was fortunate to know that I had the implicit support of the Kennedy School community in helping me set my own path. Having worked with many financial institutions prior to school I knew what my interests were, yet given our extraordinary economic challenges I hoped that I could both stay in the field and make a contributing impact.
Ultimately, I chose to join the Federal Reserve Bank of New York as a Trader/Analyst, where together with my colleagues in the NY Fed’s Markets group we’re responsible for analyzing financial markets and implementing monetary policy that is set by the Federal Open Markets Committee (FOMC). We do this by managing the Fed’s investment portfolio, which includes securities acquired through both rounds of large scale asset purchases (commonly referred to as quantitative easing). The Markets group also helped design and implement many of the emergency facilities throughout the financial crisis.
I was very excited to be able to go into a role that balances between both the private and public world during a unique economic time. Although I always hoped to be a part of an institution as pivotal to the global economy as the Federal Reserve, I’m thrilled that such an exciting opportunity came along as early as it did in my career.
Elad Pashtan graduated from the MPA/ID Program and Columbia Business School in 2011 with a joint degree.