While most pandemic relief funds have expired, other large-scale programs present new funding opportunities for nonprofits and local governments that serve disadvantaged people and places.
Average student debt per family saw the greatest increase among the most well off
Between 2019 and 2022, there was a shift in the distribution of student debt to households in the highest quintiles as measured by either income or net worth. Read about how student debt is distributed among income groups and why this information might be helpful to policymakers.
The value of measuring rent inflation in different ways
Rents measured by the consumer price index offer a view of how inflation impacts typical renters, while other common rent indices focus on new renters. Learn why both kinds of measures are useful for policymakers and those forecasting inflation.
FedTalk explores paying for care in old age
As society ages, finding ways to finance long-term care insurance and other care options is becoming increasingly important for many people. Watch and listen as a FedTalk panel explains the cost of longevity.
Inflation
Understanding post-pandemic surprises in inflation and the labor market
Since the pandemic, the US has experienced rising and falling inflation alongside persistent labor market imbalances. Learn how researchers interpret these macroeconomic dynamics and explain their findings.
Economic Inclusion
How neighborhoods influence workforce productivity
A significant share of higher-income Black and Hispanic households live in neighborhoods that are more reflective of their racial and ethnic similarities than their income. Find out what this could mean for the future labor force of the US.
Banking
Gauging stress in the financial system
The Cleveland Fed tracks and updates two measures of financial market perceptions of risk in the banking system. Find the latest data and learn what it means when the spread between those two measures on our Systemic Risk Indicator widens or narrows.
OUR COMMUNITIES
Economic Inclusion
Do you provide services to low- and moderate-income people? We want to hear from you
Twice a year, the Cleveland Fed’s Community Issues Survey collects information from direct service providers about economic conditions and issues affecting low- and moderate-income communities. Let us know if you'd like to participate.
“How do we do more with more?”
While most pandemic relief funds have expired, other large-scale programs present new funding opportunities for nonprofits and local governments that serve disadvantaged people and places. Learn how organizations are navigating this complex environment and connect to helpful resources.
People and Households
The eastern Kentucky floods of July 2022: A recovery update
Two years after major flooding in the commonwealth, rebuilding has been slow, but “people are going to start to see things happening this summer and fall,” according to a nonprofit leader in the Appalachian region. Find out more about the road back.
Employment levels flat, business activity down slightly, Cleveland Fed contacts report
Discretionary spending declined, especially for lower-income consumers, amid reports from contacts that they anticipate flat economic activity in the months ahead. Read the latest edition of the Beige Book.
Outreach
New board member’s work in hospitality brings broad economic perspective
Developing and running hotels requires knowledge of real estate, finance, people management, and several other skills, says Bimal Patel, now a member of the Cleveland Fed’s Cincinnati board of directors. Read how Patel’s experience in hospitality informs his board service.
DAY IN THE LIFE
Editor's note:Our subscribers asked for more information about the people of the Federal Reserve, so we offer this feature: Day in the Life.
Meet Katey Vanderwyst, assistant vice president, accounting and data analytics and compliance, who has spent her entire eight-year Bank career on the financial management team.
What is a typical workday for you?
While no two days are the same, I’m typically supporting the work of my wonderful team, including accounting operations, financial reporting, data management, and financial analysis, to name a few. My team is responsible for ensuring all the Bank’s financial transactions are recorded accurately and in a timely fashion and that they are appropriately captured in the Bank’s financial statements. Additionally, my team provides budget performance reporting and financial insights to Bank leadership.
What do you find rewarding or enjoyable about your job?
While I could answer this question by saying that I enjoy working with numbers, providing financial insights, and building reports (which are all true), the most rewarding aspect of my job is being able to work alongside such a great team. Every member of the team is smart, hardworking, and dedicated to producing high-quality work for the Bank. We lean on one another’s strengths and have each other’s back. They make my job easier, and I am grateful to be able to come to work every day and lead such a strong and cohesive team.
Where is the most exciting place you have traveled?
In college, I studied abroad for a semester in England with my now-husband Jeff. We were able to travel all around Europe, visiting Scotland, Ireland, France, Germany, and Austria. It was the experience of a lifetime and something I’m going to encourage my kids to do when they get older. We also have a soft spot for Hawaii and try to visit whenever we can!
What is your greatest accomplishment?
Being a mom. My kids have made me a better person, and I can’t imagine my life without them.
ON THE CALENDAR
Wednesdays!
Guided tours of the Cleveland Fed, a national historic landmark
