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Updated weekly · Last refresh Aug 30

Federal Reserve Bank of Minneapolis Research Scientist Interview Questions

The questions to prepare for a Federal Reserve Bank of Minneapolis Research Scientist interview. Questions from real interview reports rank first. Updated weekly.

16questions
~2htotal time
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1
Statistics & ProbabilityStart here. 7 questions · ~58 min
Correlation Versus Causation ExplanationMedium

Explain why correlation measures association, while causation requires evidence that changing one variable changes the other.

CorrelationCausal InferenceCommunicationFederal Reserve Bank of Minneapolis
Investigating Unexpected Economic OutcomesHard

Tests troubleshooting and causal reasoning when results conflict with expectations.

RegressionHypothesis TestingCausal InferenceFederal Reserve Bank of Minneapolis
Econometric Models and ApplicationsMedium

Tests depth of econometric knowledge and practical application to real questions.

RegressionCausal InferenceFederal Reserve Bank of Minneapolis
Trend Analysis for Employment RatesMedium

Tests ability to choose and justify statistical approaches for time-series trend detection.

ExperimentationRegressionTime SeriesFederal Reserve Bank of Minneapolis
Critiquing an Economic ReportMedium

Tests critical evaluation of empirical methods, assumptions, and robustness of conclusions.

RegressionHypothesis TestingCausal InferenceFederal Reserve Bank of Minneapolis
Research Proposal for Inflation ImpactsHard

Tests ability to frame a policy-relevant research question with a defensible empirical strategy.

ExperimentationRegressionCausal InferenceFederal Reserve Bank of Minneapolis
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2
Behavioral & Leadership8 questions · ~66 min
Prioritizing Competing DeadlinesEasy

Tests prioritization under pressure, including trade-off judgment, stakeholder communication, and ownership of outcomes.

OwnershipDealing With AmbiguityPrioritizationFederal Reserve Bank of Minneapolis
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3
More topics1 question · ~8 min
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