Engaging Business, Civic, and Community Leaders

Federal Reserve Bank of Cleveland leaders regularly engage with business, civic, labor, and community leaders; financial market and payments system participants; economists; and regional and community bankers through advisory councils and roundtables. These meetings help Bank leaders gather valuable national and regional insights on the economy and financial markets. They inform the work of the Bank President, including her participation on the Federal Open Market Committee (FOMC), and they reflect our commitment to having a broad-based understanding of the region and people we serve.

The Cleveland Fed serves the Fourth Federal Reserve District, which comprises all of Ohio, western Pennsylvania, the northern panhandle of West Virginia, and eastern Kentucky.

Business Advisory Councils

Business Advisory Council members are recruited annually and represent a cross-section of regional businesses, labor organizations, and economic-development organizations to ensure that data collected on the regional economy reflect the views of an array of stakeholders.

Center for Inflation Research Advisory Council

The Center for Inflation Research is a leading resource for “all things inflation.” It seeks to improve the understanding of policymakers, researchers, and the public about inflation and the factors that influence its behavior. Its Advisory Council is composed of leading experts from the US and abroad and provides external perspectives and input into the Center’s projects and conferences.

Community Advisory Council

The Community Advisory Council consists of experts and leaders in the Fourth District who represent issues of concern to underserved and lower-income individuals and communities. Its purpose is to inform and advise the Cleveland Fed about current and emerging economic issues and trends impacting those individuals and communities.

Community Depository Institutions Advisory Council

Members of the Fourth District’s Community Depository Institutions Advisory Council are leaders from commercial banks, thrifts and savings banks, and credit unions with assets of less than $10 billion.

Federal Advisory Council

The Federal Advisory Council is composed of 12 representatives of the banking industry, one from each Federal Reserve District who meet with and advise members of the Board of Governors on matters including economic conditions, the outlook for loan markets, and other issues.

Financial Markets Advisory Council

The Financial Markets Advisory Council provides high-level information and insights to Cleveland Fed leadership about the state of the economy, financial markets, and risks to the financial system. Members include business economists and financial institution leaders from the Fourth District and across the country.

Pay-4th Payments Roundtable

The purpose of the roundtable is to deepen the Cleveland Fed’s awareness and understanding of payment stakeholder perspectives. Members of the payments community from within the Fourth District, including depository institutions, service providers, and corporations are periodically invited to discuss payment system activities taking place in the district. Roundtable participants may vary from one meeting to the next based on industry developments and topics selected for discussion.