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  • President’s Speech:

    President Mester discusses “The Economy and Monetary Policy in Our Challenging Times” in a Liberal Arts Macroeconomics videoconference

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  • Missed our discussion about building resilience?

    Check out this recap of the conversation with our president Loretta J. Mester, Fed Chair Jerome Powell, and Youngstown-area leaders in this month’s Digest. You’ll also find some of the Fed’s latest on COVID-19. Read, then subscribe.

  • Supporting people’s access to loans during the pandemic

    To make it so that banks and nonbank lenders have the capacity to do more lending at a time when many people and businesses need it, the Fed is taking action. See the infographic.

  • FedTalk: Special COVID-19 Edition

    Join three economists from the Cleveland Fed as they discuss their research on how COVID-19 is affecting communities in the Fourth District and the national economy. Register for the webinar.

  • Measuring Evictions during the COVID-19 Crisis

    Temporary policies put in place to protect renters are beginning to expire. To understand how the crisis is affecting evictions, our researchers measured eviction filing activity in 44 cities and counties across the nation. Read what we found.

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  • Assessing Layoffs in Four Midwestern States during the Pandemic Recession

    Rubén Hernández-Murillo Pawel Krolikowski

    We use WARN data to assess layoffs in four Midwestern states during the current pandemic-induced recession—Kentucky, Ohio, Pennsylvania, and West Virginia. The data come from the advance layoff notices filed under the Worker Adjustment and Retraining Notification (WARN) Act. We find that the number of workers affected by layoff announcements rose sharply in the second half of March and April, and unexpected changes in economic conditions meant that workers received little advance notice before layoff. Layoff announcements have affected workers across these four states, and workers in mining and leisure and hospitality have been affected the most. Most recently, the number of workers affected by WARN notices has almost returned to prerecession levels. Read More

  • Community Support Gives Small Businesses Strength in College Hill, Ohio

    Bonnie Blankenship

    Through investment in its community, one organization is helping its business district remain a local economic driver—even during a pandemic. Read More

  • Consumers and COVID-19: Survey Results on Mask-Wearing Behaviors and Beliefs

    Edward S. Knotek II Raphael Schoenle Alexander Dietrich Gernot Müller Kristian Ove R. Myrseth Michael Weber

    Masks or cloth face coverings have the potential to help reduce the spread of COVID-19 without greatly disrupting economic activity if they are widely used. To assess the state of mask wearing, we surveyed US consumers about their recent and prospective mask-wearing behavior. We find that most respondents are wearing masks in public but that some respondents are less likely to follow social-distancing guidelines while doing so, indicating a potential tradeoff between two of the recommended methods that jointly reduce coronavirus transmission. While most respondents indicated that they were extremely likely to wear a mask if required by public authorities, the reported likelihood is strongly dependent on age and perceived mask efficacy. Read More

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Responding to Coronavirus Disease 2019 (COVID-19) Racial equality: Read President Mester’s statement
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Our President

Loretta J. Mester