Cleveland Fed interviews 3 well-known experts; also examines shale industry, long-term unemployed
The fall issue of Forefront, the Cleveland Fed’s policy publication, features wide-ranging interviews with:
- Economist Benjamin Friedman, a professor at Harvard University, explains why he’s pessimistic about turning around widening income inequality, and why, with one of the highest living standards in the world, Americans are right to care about continued economic growth
- Erica Groshen, commissioner of the Bureau of Labor Statistics, discusses why the public should have confidence in the government’s inflation and unemployment measures and describes the chained CPI, an inflation measure that is getting a lot of attention
- Ted Howard, the founding executive director of the University of Maryland’s Democracy Collaborative, explains how large, so-called anchor institutions can make a difference in the high-unemployment, high-poverty neighborhoods in which they operate.
Forefront also examines:
- The costs and benefits of the shale gas industry and why thought must be given to when the industry leaves town
- The outlook for the long-term unemployed
- Recent trends in household borrowing and saving and ideas for bolstering household balance sheets
- Why many economists believe inflation is poised to rise
- Whether fast-tracking foreclosures on vacant properties can reduce costs to creditors and communities
- The unpredictable outcomes of municipal bankruptcy cases and their impact on pension liabilities
Find all of these articles and more in Forefront.
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.
Doug Campbell, firstname.lastname@example.org, 513.455.4479