Central Banking in the United States: A Fragile Commitment to Price Stability and Independence

Research and Analysis

Our research informs the public and policymakers by examining economic issues of importance to those in our local communities, across the nation, and around the world.
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Region and Community

We represent and gather information from the Fourth Federal Reserve District, spanning Ohio and parts of Pennsylvania, West Virginia, and Kentucky. These resources are useful for our region, the communities we serve, and communities across the United States.
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Learn economic basics, dive into inflation, and get educational resources and games for yourself or to share with others.
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  Learn more about resources supporting required high school financial literacy courses.

Banking and Payments

We supervise financial institutions, support American consumers’ financial security, and maintain the financial stability and payment systems for the US Treasury.
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  The Cleveland Fed provides a range of tools for tracking trends in the lending environment.
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  Understand the various requirements for Fed-chartered financial institutions and discover the range of services available to them—from cash services and reserve balance data to the discount window.
- Supporting the financial system
  
  Find out how the Cleveland Fed supervises member banks to ensure financial-system stability and support the US Treasury.

About Us

We serve the American people as part of the US central bank. We support the US economy and our region by studying economic conditions and issues that impact our communities, serving financial institutions, and providing economic education and resources for all.
- Our leadership
  
  Meet the individuals leading our mission, including the president and executive leadership team, advisory council members, and the boards of directors of each Cleveland Fed branch.
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  Community outreach is central to the Fed’s mission. Find out about new programs, upcoming events, and other ways to connect with us.
- Who we are
  
  The Fed does far more than inform monetary policy. Learn about the mission, structure, and role of our organization, both regionally and nationally.
- We have a long-standing commitment to diversity, equity, inclusion, and opportunity for our employees and the communities we serve.

Annual Report of the Federal Reserve Bank of Cleveland

Central Banking in the United States: A Fragile Commitment to Price Stability and Independence

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During the past seven years, inflation in the United States averaged 3.9 percent, declining to a low of 2.9 percent in 1991.

12.31.19911991

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Central Banking in the United States: A Fragile Commitment to Price Stability and Independence

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Our region

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What’s new?

Financial Literacy and Career Readiness

Visits and tours

Banking and Payments

Banking research and tools

For consumers

For financial institutions

Supporting the financial system

About Us

Our leadership

Our work in the community

Who we are

Central Banking in the United States: A Fragile Commitment to Price Stability and Independence

Federal Reserve Bank of Cleveland

CLEVELAND FED DIGEST

Get answers to inflation questions