President Mester discusses “Transitions: The Economy, Monetary Policy, and Policy Communications” in Newark, Delaware.
The Bank announced organizational changes in eGov, Human Resources, and Supervision, Credit Risk and Statistics. Read more
The median Consumer Price Index rose 0.3% (3.2% annualized rate) in January. The 16% trimmed-mean Consumer Price Index rose 0.2% (2.3% annualized rate) during the month. Current Median CPI
President Mester discusses “The Outlook for the Economy and Monetary Policy” in Cincinnati and Lexington.
Cleveland Fed announces appointments to Cleveland, Cincinnati, and Pittsburgh boards and to the Federal Advisory Council. Read more
Though the need to remediate lead seems to be a public health issue with a housing-based solution, the impacts of this crisis are far-reaching. Lead poisoning impacts all of us. The more people and organizations see themselves as part of the solution, the more likely we’ll find success. Read More
We are now in one of the longest expansions on record. The recession that preceded that expansion was one of the worst in history. Are those two facts related? Some economists suggest they are, while others suggest it’s the other way around: Longer expansions lead to more severe recessions. We assess the evidence for these two hypotheses. We find clear evidence for the former and little for the latter. Deeper recessions are often followed by stronger recoveries, while longer and stronger expansions are not followed by deeper recessions. Read More
One potential threat to a stable financial system is the phenomenon of contagion, where a risk that is ordinarily small becomes a problem because of the way it spreads to other institutions. Researchers have investigated multiple channels through which contagion might occur. We look at two--banks borrowing from each other and banks holding similar types of assets--and argue that the latter is a potential source of systemic risk. We review recent data on asset concentrations and capitalization levels of the largest US banks and conclude that the overall risk from this particular contagion channel is at present likely limited. Read More
The economic conference will provide researchers from academia and central banks an opportunity to exchange new ideas on modeling inflation and inflation expectations and their relationship to the macroeconomy.
Offering the latest research on and best practices for promoting the economic mobility and resilience of low- and moderate-income individuals, families, and communities.
