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Toby Madden is a regional economist in the public affairs department at the Federal Reserve Bank of Minneapolis. In this position, he writes articles for bank publications and frequently speaks on the district economy. In addition, Madden is actively involved with the bank's economic education program. Madden joined the Minneapolis Fed in 1995 as a management analyst in the automated clearing house area. Prior to joining the Fed, Madden worked for five years at TCF Financial Corporation in investments and management reporting and for five years at Ernst and Young as a senior consultant in the financial services industry group. A native of Minnesota, Madden has a bachelor's degree in accounting and a master's degree in finance from the University of Minnesota. He has taken over 20 masters and Ph. D. level courses in economics at the University of Minnesota. Madden is a certified public accountant and a certified management accountant. Madden is past president of the Minnesota Economic Association and is on the Board of the Institute for Financial Economics.

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