Christopher Vecchio

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.
- Research groups
- By publication
  
  We publish research and analyses to keep audiences informed of economic trends in our region and nationwide. View latest releases or explore our archive.
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- Inflation questions?
  Visit our Center for Inflation Research for all things inflation—from general information on how inflation works and why it matters to the latest data and analysis on current inflationary trends.

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.
- Our region
  
  Learn about our work to advance understanding of economic trends affecting the Fourth District.
- Our communities
  
  The Cleveland Fed offers numerous resources to promote economic opportunity for residents across our region and the US.
- Events
  
  Hear from local leaders and community development experts about economic problems their communities face and the solutions they are putting forth.
- By topic
  
  Looking for the Fed’s work on a particular subject? Narrow your search to the areas that interest you.

Education

Learn economic basics, dive into inflation, and get educational resources and games for yourself or to share with others.
- What’s new?
  
  Explore the latest educational resources from the Cleveland Fed—from interactive articles and video explainers to games and virtual exhibits.
- Financial Literacy and Career Readiness
  
  Browse the Cleveland Fed’s suite of programs and resources for informative ways to learn about personal finance or career readiness.
- Visits and tours
  
  Visit us virtually or in person to learn more about our history and our ongoing work to promote financial literacy throughout our region.
  - Explore our virtual exhibits
  - Visit Us
- Financial Literacy Curriculum
  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.
- Banking research and tools
  
  The Cleveland Fed provides a range of tools for tracking trends in the lending environment.
- For consumers
  
  Learn about the resources we offer to help people in the community navigate the financial system.
- For financial institutions
  
  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.
- Our work in the community
  
  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.

Person

Chris Vecchio is a contributing author and former employee of the Federal Reserve Bank of Cleveland.

Economic Commentaries

Economic Commentary

The State of States’ Unemployment in the Fourth District

Murat Tasci Caitlin Treanor Christopher Vecchio

01.19.2017 | EC 2017-02

Evaluating what constitutes a "normal" level for the unemployment rate is an important issue for policymakers, who need to assess how close the economy is to full employment. We introduce a framework that enables us to calculate the normal unemployment rate for each of the four states in the Fourth District and compare that rate to the national normal rate. We conclude that these states and the District as a whole have very little labor market slack left from the Great Recession.

Topics: Labor economics

Economic Commentary

Which Estimates of Metropolitan-Area Jobs Growth Should We Trust?

Joel A. Elvery Christopher Vecchio

04.01.2014 | EC 2014-05

The earliest available source of metro-area employment numbers is the initial estimates of State and Metro-Area Employment, Hours, and Earnings (SAE) from the Current Employment Statistics program, but these figures are subject to large revisions.

Forefront

Forefront

State of Employment: Are Fourth District Labor Markets Tight?

Bonnie S. Blankenship Tasia M. Hane Jessica Ice Matt Klesta Michelle Park Lazette Karen Malec April McClellan-Copeland Christopher Vecchio Guhan Venkatu

04.17.2016 | Spring 2016, Vol. 7, No. 1

The unemployment rate is the primary indicator of the tightness of the labor market and in the Fourth District, the labor market tightness varies.

Topics: Labor economics

Forefront

Three Trends Influencing the Region’s Growth

Brett Barkley Joel A. Elvery Tasia M. Hane Michelle Park Lazette Maureen O’Connor Robert J. Sadowski Murat Tasci Christopher Vecchio Christine Weiss Ann Marie Wiersch

01.14.2016 | Winter 2015 - 2016, Vol. 6, No. 3

Trends in energy prices, steelmaking, and auto production are three areas that could determine the course for the 2016 regional economy.

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