The Federal Reserve Bank of Cleveland, a key participant in the nation's economic landscape, consistently produces indicators and datasets to inform the public, policymakers, and researchers about critical economic conditions such as inflation, employment, and financial system risks.

The bank's research extends its reach by examining issues vital to local communities, the nation, and globally. It represents a wide Federal Reserve District, which spans Ohio and parts of Pennsylvania, West Virginia, and Kentucky. This information serves not only its region but also communities throughout the United States.

The Cleveland Fed also plays a pivotal role in supervising financial institutions, supporting American consumers' financial security, and ensuring the stability of the nation's financial systems. As part of the US central bank, it continues to support the economy by analyzing conditions and issues affecting communities, serving financial institutions, and offering economic education and resources.

President Hammack delivered a speech in New York on April 23, 2025, where he addressed key concerns about the Federal Reserve's balance sheet. He focused on how the Federal Reserve System, including the Cleveland branch, contributes to the formulation of national monetary policy, supervises banking organizations, provides essential services to financial institutions and the US Treasury, and undertakes activities that bolster Federal Reserve operations nationwide.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves a region encompassing Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. Through extensive research, outreach, and educational activities, the Bank supports the well-being of communities across this district.

Doug Campbell can be contacted for further details at doug.campbell@clev.frb.org or 513.218.1892.