Anna Nordstrom Appointed Permanent Head of New York Fed's Markets Group

Anna Nordstrom has been appointed as the permanent head of the Federal Reserve Bank of New York's Markets Group, effective immediately, the bank announced on April 21, 2025. Nordstrom, who has been with the New York Fed since 2008, had been serving as interim leader of the Markets Group since December 2024, following the resignation of Michelle Neal.

In her new role, Nordstrom will oversee the Markets Group, which is responsible for implementing monetary policy as directed by the Federal Open Market Committee (FOMC), monitoring and analyzing global financial market developments, and providing financial services for foreign and international monetary authorities. The group also administers reference rate production and executes operations on foreign currency reserves held in the Exchange Stabilization Fund.

Nordstrom's extensive experience in both domestic and international financial markets positions her to lead the Markets Group effectively. Prior to her interim role, she served as the head of the Domestic and International Markets function within the Markets Group. Before joining the New York Fed, Nordstrom held positions at the European Central Bank, the International Monetary Fund, and Sweden's central bank, Sveriges Riksbank. She holds a degree in public administration from Umeå University in Sweden.

New York Fed President John Williams praised Nordstrom's dedication and expertise, stating, "Anna is a dedicated public servant who applies her keen ...."

Nordstrom succeeds Michelle Neal, who announced her resignation in December 2024 and departed in March 2025 to pursue a role in the private sector. During her tenure, Neal oversaw significant initiatives, including major technological investments in the Federal Reserve's open market operations. Williams acknowledged Neal's contributions, noting that she "drove change and accelerated progress during her tenure at the Bank."

Nordstrom's appointment comes at a time when the Federal Reserve is navigating complex economic challenges, including pressures to adjust interest rates amid inflation concerns and market volatility driven by geopolitical issues. Her extensive experience in both domestic and international markets positions her to effectively lead the Markets Group in implementing monetary policy and maintaining financial market stability during these uncertain times.

As head of the Markets Group, Nordstrom will play a critical role in executing the Federal Reserve's monetary policy decisions and ensuring the stability of financial markets. Her leadership is expected to contribute significantly to the Federal Reserve's efforts to address current economic challenges and support the continued flow of credit to businesses and households.