Press Releases
2020
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Fed research does not find hidden labor market slack restraining wage growth
Despite substantial and ongoing improvement in labor market conditions during the recent expansion, wage growth appeared to be modest relative to the degree of labor market tightening. Read More
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Cleveland Fed researchers find that COVID-19 death data collected by state health departments provide a more reliable metric for policymakers and health authorities than excess mortality rates
Medical data are new to the analyses and deliberations of Federal Reserve monetary policymakers, but such data are now of primary importance to policymakers who need to understand the coronavirus’s trajectory to assess economic conditions and address the virus’s impacts on the economy. Read More
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Cleveland Fed researcher finds the initial impact of the 2017 tax reform on investment was small
The Tax Cuts and Jobs Act, introduced at the end of 2017, was a complex tax reform that included tax cuts for individuals and businesses. Read More
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New evidence suggests that the COVID-19-related recession could induce substantial disinflationary pressure, find Cleveland Fed researchers
Does the flatter Phillips curve really imply that the relationship between inflation and economic activity has weakened? This Economic Commentary revisits the relationship by focusing on the role of economic growth for inflation dynamics. Read More
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The Information Effect of Monetary Policy is Optimal, Not Self-Defeating, find Cleveland Fed Researchers
As the Federal Reserve has become more transparent about its decisions, the general public has begun to regard the federal funds rate as not only a benchmark interest rate, but also as a signal about the state of the economy. Read More
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Cleveland Fed researcher sees state and local government revenues decline by $141 billion in fiscal year 2020
The District Data Brief provides state-by-state estimates covering all revenue sources that are likely to decline. Read More
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Cleveland Fed announces two new officer appointments in eGov
The Bank has announced two new officer appointments in the eGov department. Read More
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Videos, Papers Now Available from “Inflation: Drivers and Dynamics” conference, featuring the Cleveland Fed’s Loretta Mester and the ECB’s Philip Lane
The Inflation: Drivers and Dynamics 2020 conference, co-sponsored by the Cleveland Fed’s Center for Inflation Research and the European Central Bank, took place in virtual format on May 21–22, 2020. Read More
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Cleveland Fed Hosting Webinar to Answer Questions about the Paycheck Protection Program
The Paycheck Protection Program (PPP) was created to help small businesses keep their workforce employed during the COVID-19 crisis. Read More
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Cleveland Fed research highlights differences between 1918 and 2020 pandemics
Caution is advised when using the 1918 influenza pandemic as a guideline for implementing and evaluating policy responses to COVID-19. Read More