title: William Wascher
text: # William Wascher
  
  William Louis Wascher is an American economist and the deputy director of the Division of Research and Statistics in the Federal Reserve Board of Governors.
  
  ## Education
  
  Wascher graduated with a B.A. in economics and mathematics from the University of Delaware in 1978. He went on to complete his M.A. in 1980 and Ph.D. in 1983 in economics from the University of Pennsylvania.
  
  ## Professional career
  
  Wascher has been with the Federal Reserve Board of Governors since 1983. In addition, he was a visiting economist with the Bank for International Settlements from 1998 to 1999 and served as a senior staff economist on the Council of Economic Advisers during the administration of George H. W. Bush.
  
  ## Research
  
  Wascher is known for his research on the economic effects of the minimum wage and aggregate supply, and is the co-author (with David Neumark) of the 2008 book Minimum Wages (MIT Press). Wascher and Neumark have also collaborated on multiple peer-reviewed studies on the employment effects of the minimum wage.
  
  