Cleveland Fed

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Why does central bank independence matter? An expert panel discussed this question in our recent Conversations on Central Banking webinar. The video and transcript are now available: clefed.org/4mNOYNs

Our Education and Learning Center is closed today. We will reopen on Tuesday, May 26, during our normal hours 9 am-2 pm. Plan your visit: clefed.org/visit

A mural in our more than 100-year-old historic lobby focuses on steelworkers in the Fourth District, showing that steel has long been a major part of our region’s economy. President Hammack recently visited US Steel in western PA. Here's what she saw: clefed.org/3ORSuK8

Kevin Warsh takes oath of office as chairman and a member of the Board of Governors of the Federal Reserve System, and the Federal Open Market Committee unanimously selects Warsh as its chairman: federalreserve.gov/newsevents/pre…

What's behind a reported drop in soft skills of job applicants? Some point to technology, social media, and the pandemic as possible culprits. Read (or listen to!) Chapter 2 of our latest storytelling: clefed.org/41x3pM7

💡 Demand-pull inflation 101: When consumers, businesses, or government increase spending, producers respond by raising prices. Like when a band books a small gig - and then drops a huge hit song. There just aren't enough tickets to meet rising demand. clefed.org/4roe6uQ

CEOs’ inflation expectations have remained somewhat elevated compared to actual CPI inflation. Our latest Economic Commentary breaks down results from our Survey of Firms’ Inflation Expectations (SoFIE): clefed.org/4nm3HiO

People studying and shaping small business in America are coming to Cleveland June 24–25. Hear from America’s SBDC, Main Street America, fintech leaders, CDFIs, researchers, and practitioners. In person. Free, but limited spots remaining. Register: clefed.org/4cV02Vy

What people THINK inflation will be can CAUSE it to happen. 🧠 When consumers and businesses both act on these expectations, actual inflation can rise. This is why inflation expectations are so important to central banks. Details: clefed.org/4roWRdg

These results were calculated from the 5.07–5.14 survey. clevelandfed.org/SORCE

The Survey of Regional Conditions and Expectations (SORCE) total business conditions diffusion index increased by 15 points to 38, while the total expected conditions diffusion index increased by 14 points to 43. clevelandfed.org/SORCE

Partner Mark Hatcher moderated a fireside chat with Beth Hammack, President and CEO of the Federal Reserve Bank of Cleveland, during the Ohio Business Roundtable’s CEO Summit this month in Columbus, Ohio. The Summit focuses on the partnerships, ideas and decisions that are reshaping Ohio’s economic future. Watch it here. #BHNews #FederalReserve #Ohio youtube.com/watch?v=vIKsXK…

Why is Federal Reserve independence important? A Fed that’s independent but accountable to Congress 🏛️ is better able to achieve maximum employment and stable prices. Learn more: bit.ly/4tbeePY

Our Education and Learning Center is closed today through Monday, May 25. We will reopen on Tuesday, May 26, during our normal hours 9 am-2 pm. Plan your visit: clefed.org/visit

📬 Consider this your official invitation to our Fed Talk speaker series. We explore topics like broadband access, workforce trends, and the economic outlook with experts from our Bank and beyond. Subscribe now: clefed.org/4uwiOsj

A mural in our more than 100-year-old historic lobby focuses on steelworkers in the Fourth District, showing that steel has long been a major part of our region’s economy. President Hammack recently visited US Steel in western PA. Here's what she saw: clefed.org/3ORSuK8

Your invitation has arrived. 🎫 Join our Fed Talk speaker series to learn from experts on topics like financial literacy, small business, childcare access, and more. Questions are always welcome! Subscribe now: clefed.org/4uwiOsj

💡 Demand-pull inflation 101: When consumers, businesses, or government increase spending, producers respond by raising prices. Like when a band books a small gig - and then drops a huge hit song. There just aren't enough tickets to meet rising demand. clefed.org/4roe6uQ

Difficulty finding workers—that’s what our president Beth Hammack heard while touring U.S. Steel’s Mon Valley Works earlier this year. Our latest Around the District article shares the details on President Hammack’s visit to western PA: clefed.org/3ORSuK8

TODAY: Conversations on Central Banking: The Case for Central Bank Independence will start at 1 pm ET! Register now to join us virtually for free: clefed.org/4mNOYNs