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.
The research carried out by the bank serves to enlighten the public and policymakers by examining economic issues of importance to those in local communities, across the nation, and around the world. The bank represents and gathers information from the Fourth Federal Reserve District, which spans Ohio and parts of Pennsylvania, West Virginia, and Kentucky.
These resources are beneficial not only for our region but also for the communities we serve and communities across the United States. In addition to providing insights into economic basics and inflation, they offer educational resources and games for individuals or groups interested in learning more about these topics.
The institution's role extends beyond research; it also supervises financial institutions, supports American consumers’ financial security, maintains financial stability, and manages payment systems for the US Treasury. As part of the US central bank, its service to the American people involves supporting the US economy and its region by studying economic conditions and issues that impact our communities.
President Mester commented on recent economic developments: "April CPI Doesn't Change Outlook, More Evidence Still Needed." She emphasized that there is a need to see progress on sticky services prices.
