CNBC’s Steve Liesman and Cleveland Fed President Loretta Mester joined ‘Squawk Box’ to discuss the state of the economy, recent inflation reports, the Federal Reserve’s inflation strategy, and future monetary policy directions.
“We produce indicators and datasets to inform the public, policymakers, and researchers about economic conditions, including inflation, employment, and risks to the financial system,” stated Mester. She emphasized that their research examines economic issues significant to local communities, the nation, and globally.
Mester highlighted that they represent and gather information from the Fourth Federal Reserve District, which includes 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,” she added.
She further explained their role in supervising financial institutions, supporting American consumers’ financial security, maintaining financial stability, and managing payment systems for the US Treasury. “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,” Mester noted.
The discussion also touched on educational initiatives provided by the Cleveland Fed. “Learn economic basics, dive into inflation, and get educational resources and games for yourself or to share with others,” Mester suggested.
