Forefront, the Federal Reserve Bank of Cleveland’s showcase of policy ideas, is devoted to critical economic, community development, and banking issues facing the Fourth Federal Reserve District and the nation. Published quarterly, Forefront breaks down complex central banking topics and offers a unique perspective to better inform readers of the many roles of the Federal Reserve.
More than 300 people gathered at the biennial Policy Summit to exchange insights on enduring economic and social issues. Check out some event highlights. Read More
Ten years removed from the housing crisis, local housing markets are still feeling the negative effects of the collapse. The share of foreclosed homes has declined from peak levels, but blight remains an obstacle to stabilizing local housing markets. Strategic interventions to eliminate blight balance demolition and rehabilitation of homes in order to promote housing market stability. Read More
The first two in a series of home lending reports by county examine trends in Cuyahoga and Allegheny and reveal differences for not only the counties, but also for borrowers of different races and incomes. Read More
Payments products are evolving, and a “faster payments” system may accelerate changes. Read More
Three people working to improve the prevention of lead poisoning in children share successes and challenges they see and what more is needed to protect the human capital of tomorrow. Read More
Forced to innovate and cut costs when oil and gas prices plummeted, energy companies presently operate in a lean way. With energy prices again rising, those companies are likely to invest in drilling and undertake other projects that create jobs. Read More
Vol. 7, No. 4
As Branches Decline, How Do Bankers Continue to Comply with the CRA?