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Press Release

Cleveland Federal Reserve Bank Appoints Ellis Tallman Senior Vice President and Director of Research

Ellis Tallman has been named senior vice president and director of research at the Federal Reserve Bank of Cleveland, effective June 1, 2015, reporting to Loretta J. Mester, president and chief executive officer.

Tallman will lead the Bank's Research Department, which is responsible for conducting economic research and policy analysis.  The Cleveland Reserve Bank is known for its research on inflation, labor market developments, regional growth, and financial stability. Tallman will be in charge of setting the research direction, selecting and developing staff, and establishing departmental priorities.

"I am very pleased that Ellis Tallman is joining the Cleveland Fed as our new research director,” said Loretta J. Mester, president and CEO of the Federal Reserve Bank of Cleveland. "Ellis brings a wealth of experience from both academia and the Federal Reserve System. He has a distinguished and active career as an economic researcher and has published scholarly articles in the fields of macroeconomics, economic forecasting, and U.S. financial crises and policy responses.”

Since 2008, Tallman has been the Danforth-Lewis Professor of Economics at Oberlin College, where he currently chairs the Economics Department.  In addition, since 2011, Tallman has been a visiting scholar in the Research Department at the Cleveland Fed. Prior to joining Oberlin, Tallman was a vice president and team leader of the macro policy group at the Federal Reserve Bank of Atlanta, which he joined in 1987. Tallman also served as a visiting senior research economist at the Reserve Bank of Australia from 1996-1997, where he provided policy support and engaged in economic research.

Tallman received his Ph.D. and M.A. in economics from the University of Rochester, and his A.B. in economics from Indiana University, Bloomington.

Tallman succeeds Mark Schweitzer, who was named senior vice president, External Outreach and Regional Analytics, at the Federal Reserve Bank of Cleveland, effective January 1, 2015. In this role, Schweitzer is responsible for oversight of the Bank’s external outreach and analysis of regional economic conditions.

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