On September 1, the Federal Reserve is hosting a national summit and releasing a companion publication aimed at fighting the rising tide of foreclosures and helping to stabilize neighborhoods most at risk of decline. Listen live, download the publication, and check out the latest Drawing Board video here. Read more
The Federal Reserve Bank of Cleveland’s 2009 Annual Report essay stresses the importance of defining and measuring systemic risk in order to help contain future economic crises. The essay advocates using the "Four Cs" to gauge systemic risk: contagion, concentration, correlation and context. Read more (PDF)
In a speech to the Economic Club of Pittsburgh, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto discussed why and how the Bank develops its economic forecasts and why the role of judgment becomes paramount for forecasting during uncertain times such as these. She concluded the speech with her current economic outlook. Read more
In the latest issue of Forefront, researchers at the Federal Reserve Bank of Cleveland propose changes to the Community Reinvestment Act (CRA) to make it a more effective tool for improving conditions in low-income neighborhoods in our post-crisis era. Read more (PDF)
This installment of the Cleveland Fed’s Drawing Board video series (really bad drawings, real simple explanations) focuses on how the Federal Reserve operates and why it?s structured the way it is. The Fed is in the news a lot these days, and we hope the video helps people understand the complicated institution a little better. Read more