A recent Policy Summit hosted by the Federal Reserve Bank of Cleveland was marked by lively debate over topics as varied as whether the country should promote home ownership as much as it has in the past, whether the Community Reinvestment Act should be expanded to include more organizations or become more limited in scope, and whether there should be more or less government involvement in returning the housing industry to health. Read more
In remarks at an equity investment conference in Louisville, Kentucky, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto discussed four forces that will help pull the U.S. economy out of its steep decline and why several long-standing imbalances within the economy will likely cause the recovery to proceed slowly. She also described some structural changes in the labor market and the drivers that will lead the country again to long-term prosperity. Read more
In its annual report, released today, the Federal Reserve Bank of Cleveland documents how the housing crisis cycle unfolded differently in its district than it did in other parts of the country. The Cleveland Fed also is proposing a multi-faceted approach to breaking the cycle that focuses on the interconnected nature of the problems that led to the crisis. Get video and audio clips, ready-made for your use! Read more
Regulatory reform in our financial system is currently the focus of much public debate. Over the years, public activism has helped to shape many of the rules that we live by—from trust-busting in the Progressive Era to desegregating public transportation to enforcing truth in lending. The Federal Reserve Bank of Cleveland is presenting a special exhibit that explores how the public contributes to regulatory reform. Read more