News from the Fed

  • Federal Reserve Bank of Cleveland Announces Official Appointments
  • The Federal Reserve Bank of Cleveland has announced the following official appointments: Read more
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  • Cleveland Fed President Discusses the Long Road Back to Full Employment
  • In a speech in Wooster, Ohio, Federal Reserve Bank of Cleveland President Pianalto shared her outlook for the economy and inflation, discussed why unemployment remains so stubbornly high, and shared her thoughts on monetary policy. Read more
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  • Cleveland Fed Announces Appointments to Cleveland, Cincinnati, and Pittsburgh Boards and Federal Advisory Council
  • The Federal Reserve Bank of Cleveland announced the following appointments and elections to its main office and branch boards of directors and to the Federal Advisory Council, effective January 1, 2012. Read more
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  • Cleveland Fed Contest: Students Can Win Prizes by Finding the Economics on TV
  • The Federal Reserve Bank of Cleveland is offering high school juniors and seniors an opportunity to win prizes by finding economic concepts within their favorite TV show. The goal of the contest is to help students see how economics plays a role in their everyday lives. Read more
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Features

Cleveland Fed President Discusses the Long Road Back to Full Employment

In a speech in Wooster, Ohio, Federal Reserve Bank of Cleveland President Pianalto shared her outlook for the economy and inflation, discussed why unemployment remains so stubbornly high, and shared her thoughts on monetary policy. Read more

Forefront Looks at "Generation Recession"

Federal Reserve Bank of Cleveland economists examine the many forces that will determine how "great" the most recent recession turns out to be. Find the articles, plus our interview with economic historian Price Fishback, in the fall 2011 issue of Forefront. Read more

Career Opportunities

Learn more about the opportunities to make a difference with the Federal Reserve Bank of Cleveland. Read more

Median Consumer Price Index

Median Consumer Price Index

Credit Easing Policy Tools

Credit Easing Tools

Latest Economic Research

  • Loans and Leases in Bank Credit
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  • Loans and leases in bank credit are an important measure of economic strength. They serve as an indicator of how quickly the general economy is growing and, more importantly, what areas of the economy are expanding. Loans and leases are recovering much more slowly during this recovery than they did in the previous two. But balances in commercial and industrial loans have grown faster. Read more
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  • More Transparency, But Not a Crystal Ball
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  • On January 3, the Fed released the minutes from the December Federal Open Market Committee (FOMC) meeting and revealed that it will begin publishing the Committee’s interest rate projections. The goal of this action is to provide more transparency in the policymaking process. However, there are limitations to the information these types of projections provide. Examining the experiences of some foreign central banks illustrates what conclusions might and might not be drawn from the new data. Read more
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  • Are Consumers More Eager to Borrow?
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  • Consumer credit serves as an important indicator as to where the economy is heading. Generally, consumers borrow more when they are more certain about their financial prospects and less when they are less certain. Consequently, changes in consumer credit may indicate how confident consumers are about the economy and their desire to consume in the future. Read more
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  • Pass-Through and the Renminbi’s Appreciation
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  • Since mid-2010, the Chinese renminbi has steadily appreciated against the dollar. Many here hope that a more expensive renminbi will induce a proportional rise in the prices of Chinese goods and take some of the sting out of China’s competitive bite. They may, however, be disappointed. The relationship between exchange—rate changes and import prices is often loose—more like a swing dance than a tango. Read more
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