Cleveland Fed president Loretta J. Mester told a gathering in Cleveland that “progress is being made on inflation, but the level of inflation remains too high.” Read her remarks.
Good monetary policymaking depends on good research
Economic growth has been resilient, and the number of people in the workforce has increased, supporting the case that the economy could achieve a soft landing as inflation moves toward the Fed’s 2 percent target, Cleveland Fed president Loretta J. Mester told a Bloomberg reporter. View their discussion.
Small Business
Are you a small-business owner? We want to hear from you!
The annual Federal Reserve Small Business Credit Survey is open and collecting confidential responses from small-business owners across the country. If you own a small business, make your voice heard.
Economic Inclusion
Who should care about wealth distribution?
Join Cleveland Fed economists Dionissi Aliprantis and Barış Kaymak as they present “What Is Wealth Distribution and Why Does It Matter?” from 3 to 4 pm EDT October 17 (today). Learn more and register here.
Battling the benefits cliff: Tennessee’s approach to bridging the gap
For some Americans, getting a promotion at work could mean a loss in essential aid and services, a policy concern coined “the benefits cliff.” Learn about Tennessee’s Our ChanceTN program.
“Health is wealth” rings true for this New York Fed staffer
“We can’t have a healthy economy without a healthy workforce,” says Tony Davis, director of community outreach and health at the New York Fed. Learn why health matters to the Federal Reserve and a stable economy.
Curiosity keeps Kansas City Fed economist asking the hard questions
Steven Howland’s passion for communities shines through his work studying low- and moderate-income populations and the challenges they face in the region the Kansas City Fed serves. Learn what keeps him excited to keep doing this work.
Rural small businesses’ revenues challenged by the digital divide
Broadband can be a critical tool for today’s small businesses, but it is not always accessible to those doing business in rural areas. Learn more about how the digital divide can make or break rural small businesses in the latest “Notes from the Field.”
People and Households
Mental health and addiction services in high demand, recent Beige Book reports
The most recent Beige Book report shared a notable increase in demand for nonprofit services, including mental health and addiction treatment services, but hiring and retaining staff are challenges. Read more about regional trends.
Learning lessons from flooding in Eastern Kentucky
“People woke up with water lapping at their beds” and residents lost their homes, belongings, and livelihoods in this flood-prone region last July. Read insights on how this community is rebuilding and maintaining resiliency in the face of challenge.
Economic Inclusion
How can strong relationships help prepare students for jobs?
In the latest Conversations on Economic Inclusion, four experts share their thoughts on what it takes to support students through tutoring, mentoring, and relationship building. Dive into what these experts have to say.
Workforce
Cleveland Fed named a NorthCoast 99 top workplace for the 24th consecutive year
In addition to being on the top workplaces list for almost a quarter of a century, the Bank also took home a special category award for diversity, equity, and inclusion. Read more about this achievement.
Question: What is the FedNow® Service, and what opportunities does it offer?
Bernadette: The FedNow Service is the Federal Reserve’s instant-payment infrastructure that launched in July 2023. It provides participating US financial institutions of all sizes the opportunity to build and offer instant-payment services—either on their own or with the help of service providers—to individuals and business customers.
Unlike many of the consumer-facing faster and mobile payment services in the market today…
Read the entire Q&A, in which Bernadette Ksepka, deputy head of product management for FedNow, offers five examples of times when the new infrastructure will benefit different users, from parents to workers.
October 17
FedTalk: What Is Wealth Distribution and Why Does It Matter?
