News from the Fed

  • The Drawing Board: Federal Reserve Independence
  • The Cleveland Fed is out with the next installment of its Drawing Board video series (really bad drawings, real simple explanations), and this one focuses on how the Federal Reserve operates and why it’s structured the way it is. The Fed is in the news a lot these days, and we hope the video helps people understand the complicated institution a little better. Read more
  • Federal Reserve Banks Complete Check Processing Infrastructure Changes
  • The Federal Reserve Banks announced today that they have completed the reduction in paper check processing infrastructure that was begun in late 2003. Read more
  • President Pianalto Says Small Business Key to Economic Recovery
  • Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto told those attending her speech today to the Dayton Chamber of Commerce that a healthy small business sector is critical to the nation?s economic recovery. In her remarks, she also discussed the challenges small businesses face in getting loans, unemployment, inflation, unwinding the Fed’s balance sheet, and why the country’s economic recovery "doesn’t really feel much like one." Read more
  • FOMC Statement
  • Information received since the Federal Open Market Committee met in January suggests that economic activity has continued to strengthen and that the labor market is stabilizing. Read more

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From President Pianalto

Sandra Pianalto, President and CEO, Federal Reserve Bank of Cleveland
Sandra Pianalto
President and CEO
Bio

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Consumer Help

Features

Containing a Firestorm

Only a year ago the primary reason for foreclosures centered on subprime mortgages. Today, the primary driver is unemployment, further widening the consumption arc of this blaze. How has this impacted loan modification efforts? Outreach and data analysis by the Cleveland Fed shed some light on loan mods in Fourth District states like Ohio. Read more

The Drawing Board: Federal Reserve Independence

The Cleveland Fed is out with the next installment of its Drawing Board video series (really bad drawings, real simple explanations), and this one focuses on how the Federal Reserve operates and why it’s structured the way it is. The Fed is in the news a lot these days, and we hope the video helps people understand the complicated institution a little better. Read more

President Pianalto Says Small Business Key to Economic Recovery

Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto told those attending her speech today to the Dayton Chamber of Commerce that a healthy small business sector is critical to the nation’s economic recovery. In her remarks, she also discussed the challenges small businesses face in getting loans, unemployment, inflation, unwinding the Fed’s balance sheet, and why the country’s economic recovery "doesn’t really feel much like one." Read more

Regulatory Filing is Now Easier!

Electronic Applications, or "E-Apps," is a new Internet-based system that allows financial institutions supervised by the Federal Reserve to submit applications and other regulatory filings online, eliminating the time and expense of printing, copying, and mailing documents. Registered users can access the system 24/7, free of charge. E-Apps has been designed to ensure the confidentiality of the data and the identity of the filers. Find out more Read more

Cleveland Federal Reserve Launches New Policy Pub

Economic policy is in the forefront of a lot of people’s minds today, and the Federal Reserve Bank of Cleveland is debuting a new online and print publication devoted to critical policy issues facing its region and the nation at-large. Read more

Teachers: Plan a field trip to the Cleveland Fed Money Museum

Come explore the history of money, how it shapes societies and cultures, and its central role in our lives. Fun, Free, Standards Based Read more

Median Consumer Price Index

Median Consumer Price Index

Credit Easing Policy Tools

Credit Easing Tools

Latest Economic Research

  • Commercial Bank Lending
  • Kent Cherny and James B Thomson
  • As the economy emerges from its economic winter, concerns remain about the fragility and robustness of the recovery, in part because of anecdotal evidence that credit flows have yet to return to normal. The most recent data from one of the most important credit channels, commercial bank lending, adds credence to these concerns. Read more
  • Ohio’s Labor Market Cycles
  • Kyle Fee
  • Now that it appears that the worst of the “great recession’ is over, assessing the damage done to Ohio’s labor market offers insights into what a potential recovery might look like in the state. Read more
  • January Price Statistics or the Definition of “Subdued”
  • Brent Meyer
  • The most recent readings in the median CPI, 16 percent trimmed-mean CPI, and core CPI are all below their respective longer-term trends, suggesting a continued disinflationary trend. The longer-term trends in the trim and median have come down sharply relative to the core CPI over the past year or so. Read more
  • Signs of Abating Default Risk
  • Kyle Fee and Filippo Occhino
  • Recent improvements in economic conditions may be having a positive effect on the risk of default in the economy, both for corporations and homeowners. We check a few measures of default risk to see if this is the case. Read more

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