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Engaging Our District’s Business, Civic, and Community Leaders

Advisory councils are another means through which Cleveland Fed leaders connect with Fourth District business, civic, and community leaders.

The Federal Reserve Bank of Cleveland engages with Fourth District business, civic, and community leaders to collect timely input on current economic and business conditions in a variety of organizations and industries. Fed officials also seek information from individuals with community development, labor, and consumer interests who hail from a wide spectrum of industries and geographic regions within the Fourth District and who are diverse in background and perspective in order to ensure that information collected on the regional economy is not only diverse, but also broad based.

This information helps Federal Reserve officials keep their “fingers on the pulse” of Fourth District business conditions, inform Bank economists about changing economic conditions and trends, and prepare the Bank president for Federal Open Market Committee (FOMC) meetings.

The Federal Reserve Bank of Cleveland serves the Fourth Federal Reserve District, which comprises all of Ohio, western Pennsylvania, the northern panhandle of West Virginia, and eastern Kentucky. Advisory council members represent views from diverse backgrounds and geographic regions and from a variety of industries and organizations.