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  • President’s Speech:

    President Mester discusses “Demographics and Their Implications for the Economy and Policy” in Washington. Read more

  • MCPI 2015-2

    October 2017 Median CPI Release

    The median Consumer Price Index rose 0.3% (3.3% annualized rate) in October. The 16% trimmed-mean Consumer Price Index rose 0.2% (2.3% annualized rate) during the month. Current Median CPI

  • 2016 Small Business Credit Survey: Report on Minority-Owned Firms

    This report—the third in a series of reports based on the 2016 SBCS—finds minority-owned firms reported being discouraged from applying for new funding at much higher rates than nonminority-owned firms. In addition, while not controlling for all firm characteristics, the reported credit outcomes of survey respondents differ by race and credit risk. Read more.

  • Cleveland Fed awarded perfect score in HRC's Corporate Equality Index

    The Bank was recognized for its LGBTQ equality initiatives Read more

  • Fraud and Scams Involving the Federal Reserve Name

    Fraud and Scams Involving the
    Federal Reserve Name

    Be wary of unsolicited e-mails, text messages, telephone calls, or other communications alleging to be from or affiliated with the Federal Reserve. Learn more.

HeadlinesSEE ALL

  • Federal Reserve Bank of Cleveland announces officer appointment

    Jackie Dalton was appointed assistant vice president. Dalton is responsible for overseeing the consumer compliance and corporate compliance risk teams in the Bank's Supervision and Regulation Department. Read More

  • Columbus—A Still Low, but Rising, Unemployment Rate

    Guhan Venkatu Christopher Vecchio Sarah Mattson

    The Columbus metro area’s unemployment rate has risen more than half a percentage point (to 4.3 percent) since April. Nevertheless, the metro area’s employment expanded by 2.0 percent, outpacing both the state and the nation. All major industries shared in this employment growth, with many sectors experiencing stronger gains in the metro area than in the nation. Home price gains remained robust, exceeding 5 percent on a year-over-year basis as of August, and the average number of permits issued per month for new housing units in the metro area has been substantially higher this year than in prior years. Per capita consumer debt levels remain stable, and credit card delinquency rates remain below both state and national averages. Finally, the Columbus metro area’s real per capita GDP grew 2.1 percent in 2016, a deceleration from the growth rate registered by the metro area in 2015. Read More

  • Toledo—Pace of Growth Has Slowed

    Joel Elvery Christopher Vecchio

    The economy of the Toledo metro area has continued to grow, but the pace of growth appears to have slowed relative to the strong growth seen in 2014 and 2015. For example, per capita gross domestic product rose only half a percent in 2016, compared to an average of 2.7 percent in 2014 and 2015. Employment growth also slowed, with employment growing 0.5 percent between March 2016 and March 2017, compared to growth of 1.6 percent between March 2014 and March 2015. Perhaps most troubling is that the metro area’s credit card delinquency rate and unemployment rate are rising. On the plus side, housing prices experienced their strongest growth in more than a decade. Read More


Upcoming EventsSEE ALL

  • 11.30.17

    2017 Financial Stability and Fintech Conference

    The Federal Reserve Bank of Cleveland, the Office of Financial Research, and the University of Maryland’s Robert H. Smith School of Business invite you to attend the 2017 Financial Stability and Fintech Conference on November 30–December 1, 2017, in Washington DC. This year’s conference will highlight research and facilitate discussions related to the impact of innovation on financial stability, policy, and regulation.

  • 05.17.18


    Inflation: Drivers and Dynamics 2018. Researchers from academia and central banks exchange ideas on modeling inflation and inflation expectations and their relationship to the macroeconomy.

  • 06.25.18

    International Journal of Central Banking Conference

    CALL FOR PAPERS The International Journal of Central Banking (IJCB) is organizing its 2018 annual conference, "Ten Years after the Global Financial Crisis: What Have We Learned about Ensuring Financial Stability?" The conference will be hosted by De Nederlandsche Bank (DNB) in Amsterdam, The Netherlands, on June 25-26, 2018, and is being organized by Tobias Adrian, Harrison Hong, Luc Laeven, and Loretta Mester.

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Loretta J. Mester

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