Press Releases
2022
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Unbanked in America: Seeking Clues to Reducing Financial Exclusion
This Economic Commentary reviews recent literature on financial exclusion – the lack of bank account ownership -- with the aim of better understanding its causes and consequences, and to search for leads to reduce it. Read More
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President’s Speech: “The Great Recalibration of U.S. Monetary Policy”
President Mester discussed “The Great Recalibration of U.S. Monetary Policy” at the International Research Forum on Monetary Policy: Monetary Policy During and After the Pandemic. Read More
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President’s Speech: “The FOMC’s Plan for Significantly Reducing the Federal Reserve’s Securities Holdings”
President Mester discussed “The FOMC’s Plan for Significantly Reducing the Federal Reserve’s Securities Holdings” at the Federal Reserve Bank of Atlanta’s 2022 Financial Markets Conference. Read More
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Cleveland Fed Announces Officer Appointments
The Federal Reserve Bank of Cleveland announces new officer appointments. Read More
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Regional Research Finds Supply Chain Disruptions Persisting and Demographic Trends Weakening Labor Force Growth
The Cleveland Fed published two District Data Briefs. Read More
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Which Prices Affect Inflation Expectations? It Depends on Who You Ask.
This Economic Commentary shows that inflation expectations of professional forecasters and consumers are predicted by very different prices and have historically appeared to place different weights on different inflation components. Read More
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Get Them When They’re Young: ABCs, 123s, and Financial Literacy--Why Teaching Finances to Youth Is Important
Join us at noon on April 21 for a Federal Reserve Bank of Cleveland FedTalk about the importance of financial literacy education from kindergarten through high school. Read More
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President’s Speech: “Successful Workforce Development Programs: Four Lessons from Four Decades of Federal Reserve Research and Outreach”
President Mester discussed “Successful Workforce Development Programs: Four Lessons from Four Decades of Federal Reserve Research and Outreach” at the University of Akron. Read More
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President Mester shares a new Reflections message on small businesses and entrepreneurship
Reflections: Small Businesses: A message from President Mester about the important role that small businesses and entrepreneurship play in the U.S. economy. Read More
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Adjusting Median and Trimmed-Mean Inflation Rates for Bias Reveals Recent Understatement of the Trend in PCE Inflation
Median and trimmed-mean inflation rates tend to be useful estimates of trend inflation over long periods, but they can exhibit persistent departures from the underlying trend over shorter time frames. Cleveland Fed researchers document that the extent of these departures is related to the degree of skewness – the deviation from symmetry – in the distribution of price changes. Read More