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Press Release

Federal Reserve Board Press Release - Ben Bernanke Confirmed as Chairman of the Federal Reserve Board

Statement by Sandra Pianalto, President and CEO, Federal Reserve Bank of Cleveland, on the Confirmation of Ben Bernanke as Chairman

I offer Ben my heartfelt congratulations. I had the honor of serving with Ben on the FOMC for two years, before he left the Federal Reserve Board to chair the President's Council of Economic Advisers. Ben is a distinguished scholar who has made significant contributions to the field of economics throughout his career. During his service at the Federal Reserve Board, Ben contributed a wealth of stimulating ideas to our policy discussions. I look forward to his leadership of the Federal Reserve System.

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Media contact

Doug Campbell,, 513.218.1892