Ralph Monaco has been named the chief economist of the National Credit Union Administration (NCUA), the agency announced. Monaco had been a senior economist for the group since 2011 and takes over for John Worth, who left NCUA in August.
“Those who have worked with Ralph know that he is well-suited to assume the Chief Economist position,” NCUA Chairman Debbie Matz said. “As the senior economist at NCUA for the last four years, Ralph has demonstrated superb skills and a strong commitment to accurate, comprehensive economic analysis. I congratulate Ralph and am confident NCUA and the credit union system will benefit from his briefings and recommendations.”
Before joining NCUA, Monaco was director of the Office of Macroeconomic Analysis in the Office of Economic Policy at the U.S. Treasury Department. He also has served at the President’s Council of Economic Advisers and the U.S. Agriculture Department.
NCUA’s Office of the Chief Economist develops and distributes economic intelligence, including NCUA’s Economic Update video series and the NCUA Quarterly U.S. Map Review. The office also produces meaningful and robust modeling and risk identification tools and participates in agency and interagency policy development.