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President Mester Offers First Impressions of Cleveland in Plain Dealer Interview

09.29.14

September 29, 2014—The Plain Dealer interviewed Cleveland Fed President and CEO Loretta J. Mester about the economy, cybersecurity and a newcomer’s assessment of Cleveland.

New Cleveland Fed President Loretta J. Mester talks about Ohio jobs, security breaches, downtown development and when interest rates will rise

Headlines

  • Looking beyond Data to Understand Economic Mobility

    Lucas Misera

    When living on the “wrong” side of a road can make a world of a difference, the proactive and hyper-local work of community development practitioners is essential for sparking change. Read More

  • Proposed Solutions for Breaking the Cycle of Poverty

    Adiah Bailey

    How can we minimize the barriers that trap people in the cycle of poverty? The answer, at least in part, is a combination of providing access to resources and transportation. Read More

  • Cyclical versus Acyclical Inflation: A Deeper Dive

    Saeed Zaman

    This Commentary builds on recent research separating the components of overall inflation into cyclical and acyclical categories, but it does so at a finer level of disaggregation than previous analyses to understand recent inflation developments in the two categories. The inflation rate among cyclically sensitive subcomponents, which comprise roughly 40 percent of overall core PCE inflation, has generally continued to firm in recent years in line with a strengthening labor market and has returned to near pre-Great Recession levels. By contrast, the inflation rate among the acyclical subcomponents remains subdued. A modest firming in acyclical core PCE inflation to a more normal level, combined with ongoing strength in the labor market, would be enough to return core PCE inflation to 2 percent within approximately one year. Read More

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