OUR NATION

Hammack favors waiting for clarity in data

Given the US economy’s resilience, policymakers can afford a wait-and-see approach to determine the appropriate path for interest rates, Cleveland Fed president Beth M. Hammack said during recent remarks. Read her June 24 speech, or . . .

Conversations on Central Banking panel highlights economic impact of tariffs

The uncertainty about future US tariffs typically makes it harder for businesses to plan, invest, and hire, according to three economists participating in a recent webinar.

Survey: Business leaders expect inflation to increase

CEOs and other senior executives surveyed in April think Consumer Price Index inflation will move up to 3.9 percent over the next 12 months, up from their expectation of 3.2 percent in January.

Courtney Falato named senior vice president of external engagement

Falato, who previously guided JPMorgan Chase’s philanthropic commitments in Ohio and Kentucky, will oversee the Cleveland Fed’s external communications, education, and community development teams.

Who we are and what we do

You may know who we are, but do you know all the things we do? See our five main functions.

Fed Talk explains the choreography of cash

Who uses it? How is it distributed? And does it have a future? 

Viewing small businesses from many angles

A series of 52 chartbooks breaks down small business data by business characteristics, owner demographics, geography, and more. 

Center for Inflation Research aided by advisory council expertise

A panel of leading economists from the United States and abroad offers external perspectives on our Center’s projects and conferences. 

New section debuts on clevelandfed.org

Articles and Insights showcases stories and resources about our economy. If there’s something you’d like to see us cover, send us a note at digest@clev.frb.org.

OUR COMMUNITIES

Last chance! Register to attend Policy Summit virtually

This event won’t happen again until 2027. Snag your access to the opening keynote, all five plenary sessions, and opportunities to ask questions and engage with other attendees online.

How does monetary policy affect you and the people you know?

Cleveland Fed president Beth M. Hammack will host a Fed Listens event on Friday, June 27, to hear from Policy Summit participants and virtual guests about how monetary policy affects peoples’ daily lives and livelihoods.

How do workers view their jobs?

We conducted an online survey of workers in the region to learn what parts of their jobs they value most and the challenges they face when looking for new positions.

Business activity remains flat, Beige Book contacts tell Cleveland Fed

And activity is expected to remain flat in the months ahead, those contacts said, as many businesses attempt to navigate trade policy uncertainty.

Community Issues Survey highlights impact of inflation, uncertainty around funding

Our latest survey of local service providers reveals that inflation continues to strain budgets of low- and moderate-income households, and changes in federal funding have prompted agencies to consider limiting assistance.

There's rarely only one solution when it comes to meeting people's needs

Some nonprofits in our region are trying new multiservice delivery models that are working well.

Get a clearer picture of mortgage lending trends

Our Home Mortgage Explorer tool, developed in partnership with the Philadelphia Fed, has been updated.

Pittsburgh aims to bolster financial education

Pittsburgh area nonprofits, financial institutions, and local governments are partnering to increase access to financial education.

Council lineup supported by new addition

The Cleveland Fed has a new way to keep tabs on business conditions in the Mahoning and Shenango valleys. 

Do Ohio schools need to worry about a commercial property tax “doom loop”?

A wrinkle in Ohio tax law could help protect school funding from significant decreases in office property values. 

CALENDAR

June 26–27

Policy Summit 2025: Building Strong and Sustainable Communities

September 29–30

Inflation: Drivers and Dynamics Conference 2025

November 13–14

Fall 2025 Midwest Macroeconomics Meeting

November 20–21

2025 Financial Stability Conference: Financial Stability in a Time of Rapid Economic and Technological Change

Editor's note: Our subscribers asked for more information about the people of the Federal Reserve.

Meet Sabrina Fernandez, a credit risk analyst in the Credit Risk Management Department of Supervision, Credit Risk, and Statistics. 

What gets you going in the morning?

I usually have a matcha latte in the morning and a good breakfast, which for me always includes eggs.

What do you find rewarding or enjoyable about your job?
The most rewarding thing about being a regulatory data analyst is knowing that the bank reports we analyze are being used by economists, researchers, and the Board of Governors to make important decisions on the economy and the wellbeing of Americans. It gives me that extra motivation to do the best job I can since people’s lives could be affected by the accuracy of my work.

Whom do you admire most?
My mom is my role model and greatest source of inspiration. She has been through so much in her life, and she just keeps on going. She is amazing, resilient, and determined.

Where is the most exciting place you have traveled?
I usually try to take a trip around November for my birthday. Last year, I went to Seattle and loved it—the food, the markets, and the sightseeing were all excellent. The big highlight was hiking Mount Rainier. It was snowing when I was there, and it was just so beautiful. Everything was so calm that I wished I could have stayed there forever. I would love to go back someday.

What is your greatest accomplishment?
My greatest accomplishment so far has been finishing my first half marathon. It was such a great feeling to know that I pushed myself to finish. There was a moment when I reached mile six that my knees were giving out and I was feeling my body slowing down. Then the right song started playing and I pushed through to the end!

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