The Central Bank Central recently conducted an interview with President Loretta Mester. The discussion revolved around the role of the institution in producing indicators and datasets that inform the public, policymakers, and researchers about economic conditions. These conditions include inflation, employment, and risks to the financial system.
In a recent interview with The Wall Street Journal, President Loretta Mester of the Federal Reserve Bank of Cleveland expressed that the Federal Reserve is in a "really good place" to study the economy before determining the path for interest rates. She further stated that she isn't eager to consider interest-rate hikes at this time.
The Federal Reserve Bank of Cleveland is set to host an informative event titled "Assessing the Safety and Soundness of Banks: How the Cleveland Fed Supervises Financial Institutions" on Tuesday, May 14, 2024. The event aims to shed light on the crucial role played by financial regulators in ensuring the stability of the financial system.The event will feature panelists from the Supervision, Credit Risk, and Statistics function of the Federal Reserve Bank of Cleveland. Attendees will have the opportunity to learn about the Federal Reserve's supervision role, particularly...
The Federal Reserve Bank of Cleveland is set to host the Central Bank Communications: Theory and Practice conference in person in Cleveland, Ohio. The event will bring together researchers and policymakers to delve into vital topics surrounding central bank communications. According to a statement from the Federal Reserve Bank of Cleveland, the conference aims to discuss the impacts of communications on financial markets, the links between communications, monetary policy, and inflation expectations, as well as potential strategies for enhancing central bank communications...
The Federal Reserve Bank of Cleveland and its Center for Inflation Research will be hosting a session titled “Challenges and Opportunities for Central Bank Communications” on Monday, May 13, 2024, from 4:30 to 5:30 pm EDT. The event will be held virtually.In a statement, the organizers highlighted the importance of their work, stating, "We produce indicators and datasets to inform the public, policymakers, and researchers about economic conditions, including inflation, employment, and risks to the financial system." They emphasized that their research aims to benefit...
Inflation expectations among U.S. business leaders increased in the second quarter of 2024, according to the Survey of Firms’ Inflation Expectations (SoFIE), published by the Federal Reserve Bank of Cleveland. CEOs and other top executives reported in April (2024:Q2) that they expect inflation as measured by the Consumer Price Index to be 3.8 percent over the next 12 months, up from 3.4 percent in January (2024:Q1).
The Cleveland Fed recently published a report highlighting the potential of anecdotal economic data from the Federal Reserve's Beige Book in predicting recessions. According to the report, regional-level economic sentiment plays a crucial role in this prediction process.Utilizing natural language processing, researchers from the Cleveland Fed and Washington University in St. Louis analyzed the sentiment expressed in all 468 editions of the Beige Book dating back to 1970. The findings indicated that during recessions, the sentiment of both the national economic summary and...
President Mester addressed a gathering of business economists in Cleveland, Ohio, on April 2, 2024, providing insights into the current state of the U.S. economy and monetary policy. The speech highlighted the Federal Reserve Bank of Cleveland's role in supporting economic stability and growth across the Fourth Federal Reserve District, which includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.The Federal Reserve Bank of Cleveland, as part of the broader Federal Reserve System, plays a crucial role in formulating the nation's...
According to a new report from the Federal Reserve Bank of Cleveland, US banks increased their capital ratios well before the Basel III reforms required them to do so. Research economist Jan-Peter Siedlarek noted that banks preemptively raised their capital ratios rather than waiting for the rules to become binding.The report highlighted that larger and better-capitalized banks took the lead in increasing their capital ratios before smaller and less-well-capitalized banks. However, on average, banks of all sizes notably boosted their regulatory capital ratios between 2009...
