John Weinberg has been a member of the team of research economists at the Federal Reserve Bank of Richmond for the past 16 years. Weinberg has led the Bank's advisory group on banking policy since 2000 and collaborated with Federal Reserve System colleagues in developing system payments policy. A noteworthy author and frequent collaborator with Lacker, his numerous articles have covered a broad range of policy issues, including contract theory and the structure of markets for banking and payments services. Weinberg became director of research in 2005, succeeding Jeffrey M. Lacker who left the post to become Bank president in August 2004.

A native of Cleveland, Ohio, Weinberg received his bachelor's degree in economics from the University of Pennsylvania in Philadelphia and doctorate in economics from the University of Minnesota in Minneapolis. He was previously assistant professor of economics at Purdue University in West Lafayette, Ind., and an adjunct professor at The College of William & Mary in Williamsburg, Va. Weinberg and his wife Laurie have two children, Jeanette, 23, and Yuri, 17.