Andreas Lehnert

Andreas Lehnert is the director of the Division of Financial Stability at the Federal Reserve Board in Washington, D.C., and his research focuses on financial stability, macro prudential policy, banking, and finance. He started in the Fed’s household finance research group, where he worked on a variety of topics in consumer and mortgage credit. During the financial crisis, Mr. Lehnert contributed to several projects, including various mortgage-modification initiatives, the TARP, the 2009 bank stress tests and the TALF. In November 2010, he moved to the Fed’s newly created financial stability group, and in December 2016 he was appointed director. The division oversees the Fed’s periodic assessment of financial stability, including publishing the Financial Stability Report twice per year; supports policymaking to enhance financial stability, including the countercyclical capital buffer and the scenarios used in theFed’s periodic stress tests; and manages the Fed’s staff response to stress events, including the set of13(3) facilities deployed following the March 2020 onset of the pandemic. Mr. Lehnert participates in a variety of ongoing initiatives to promote financial stability, including regulatory reform, the periodic assessment of financial vulnerabilities, the development of macro prudential tools, and the design and<br>oversight of the bank stress tests. In addition, he supports the Federal Reserve’s role on the FinancialStability Oversight Council and the Financial Stability Board. Mr. Lehnert received his Ph.D. in economics from the University of Chicago.