Joseph Wang

Joseph Wang

Formal First Name
Nick Name
Fed Guy

Joseph Wang, aka the Fed Guy, is a former senior trader on the U.S. Federal Reserve's Open Market Trading Desk, where he implemented monetary policy and studied the mechanics of the U.S. dollar financial system. As a trader on the Desk for five years, he had firsthand vantage points on how the Fed operates and how the financial system really works. Wang has over a decade of experience spanning regulation, capital markets and monetary policy. He is the author of Central Banking 101, and proprietor of Fed Guy, an educational site for those interested in financial plumbing. In addition, Joseph is a contributing editor at Central Banking, and is active on Twitter. He is also the author of the best selling macroeconomics book Central Banking 101 and the creator of, a site offering courses on financial markets.

Professional Experience

Academic History


  • He is known for his insights into the Fed's thinking and his ability to explain complex economic concepts in a clear and concise way.

  • He is a trusted source of information for investors, market participants, and policymakers alike.

  • He is currently the CIO at Monetary Macro, a research firm that provides insights on the Federal Reserve and the global economy.

  • Earlier in his career, he served as a credit analyst and a former attorney.

Here are some of Wang's key insights on the Federal Reserve and monetary policy:

  • The Fed is data-driven, but it also uses its judgment to make monetary policy decisions.

  • The Fed is trying to achieve a dual mandate of price stability and maximum employment.

  • The Fed's monetary policy tools are interest rates and asset purchases.

  • The Fed's monetary policy decisions can have a significant impact on the economy and financial markets.


  • Wang is a frequent commentator on financial markets and the economy.

  • He has been featured in publications such as the Wall Street Journal, the New York Times, and Bloomberg Businessweek.

  • He is also a regular guest on financial television networks such as CNBC and Bloomberg TV.

  • He has appeared in Macro Musings, Odd Lots, Rebel Capitalist, and Blockworks.

  • He was interviewed in Danielle DiMartino Booth and The Market Huddle.

  • He has appeared as a guest on Real Vision.