Federal Reserve Bank of Cleveland

President’s Speech:

President Mester discusses “A Bright Outlook for the U.S. Economy” at the Boston Economic Club.
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The threat of eviction during COVID-19

Hear from a renter, a landlord, a Housing Court judge, and a Legal Aid attorney in Cleveland about the difficulties of the pandemic and solutions that show promise for times of crisis and times of relative stability in our new story. Read more
Reflections from President Mester

The second in a new series discussing racial equity and economic inclusion
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President’s Speech:

President Mester discusses “The Cycle of Disparities in Economic Outcomes and Opportunities”
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Small Business Credit Survey 2021 Report on Firms Owned by People of Color

The pandemic only reinforced already-established disparities such as weaker banking relationships, worse outcomes on credit applications, and a greater reliance on personal funds. Read the report.

05.06.21

Looking for Opportunities to Advance? The Occupational Mobility Explorer Can Help

Both jobseekers and workforce development professionals can use this interactive tool to turn job skills into higher-paying positions. How will you use it? Read More
04.15.21

Closing the Racial Wealth Gap One Homeowner and Good Job at a Time: Toledo Taps Existing Resources to Increase Equity

Think you don’t have the resources to increase equity and inclusion? Maybe you already have what you need. Toledo’s approach makes use of financial resources and partnerships already in place. Read More
04.12.21

Expected Post-Pandemic Consumption and Scarred Expectations from COVID-19

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

We examine the evolution of consumers’ expectations for their post-crisis spending on services that have been dramatically curtailed by the pandemic: visiting restaurants, bars, and hotels, using public transportation, and attending crowded events. While most groups now plan to return to their previous spending on these services, higher-income individuals expect to sharply increase their use of these services, but older Americans expect to lower theirs. Read More

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