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Cleveland Fed Digest

Issue #71 | October 22, 2024

OUR NATION

Small Business

Small-business owners—last chance to be heard!

If you own a business (yes, this includes a side hustle) with fewer than 500 employees or know someone who does, take or share the Small Business Credit Survey, a brief, confidential assessment of the current credit environment from business leaders’ perspectives. Complete the survey by November 1.

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Maintaining the big impacts of small business

Fed researchers and community leaders discussed the support available for small businesses in key areas like increased expenses, access to credit, and talent acquisition in the most recent FedTalk. Read, listen to, or watch what they explored.

Workforce

Updated tool highlights paths for career advancement

Search nearly 600 occupations across more than 500 US locations to see how skills needed for lower-paying jobs can transfer to similar jobs with higher pay. Explore the Explorer.

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Outreach

President Hammack’s Around the District tour visits Wooster

Cleveland Fed president and CEO Beth M. Hammack continued her Fourth District outreach in Wooster, Ohio, touring the city’s downtown and the College of Wooster. She also visited an industrial coated-fabrics manufacturer and sat down with more than a dozen employees to learn how the economy is working for them. Find out more about President Hammack’s travels.

Inflation

New leader takes reins of Center for Inflation Research

Damjan Pfajfar has joined the Cleveland Fed as vice president of its Center for Inflation Research and will lead efforts to enhance inflation-related resources the center develops. Learn more about Pfajfar.

Still time to register for this week’s inflation conference

You can join virtual portions of the Inflation: Drivers and Dynamics 2024 conference on October 24 and 25, hosted by the Cleveland Fed and the European Central Bank. Learn more about the agenda and speakers, including Cleveland Fed president Beth M. Hammack.

 

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OUR COMMUNITIES

Small Business
Survey shows postpandemic persistence of rising costs and supply chain issues for small Ohio firms

Costs and supply chain challenges that began during the COVID-19 pandemic lingered for Ohio small businesses at higher rates than national averages in 2023, according to Small Business Credit Survey data. Read more on small businesses in our region.

Economic Inclusion

Catch the Fed’s latest work on housing, weather resiliency, Native communities, and more

Find out what’s new in Fed community development-related research and analysis from across the country. Read The Quarterly Catch-Up.

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Short-term credentials, are they worth it? The answer is complicated

Can short-term credentials bridge the gap to higher earnings for those who may not be ready for or interested in higher education? Which credentials are the most beneficial? Read more.

Cleveland Fed hosts 100+ at the Minorities in Banking forum

Earlier this month, the Cleveland Fed welcomed bankers to network and participate in conversations around professional development, diversity and inclusion strategy, and banking industry updates. Learn more about the forum.

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DAY IN THE LIFE

Day in life Brandon C

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 Brandon Campbell, information technology support analyst, who joined the Cleveland Fed’s information technology end-user support team in January 2023.

What is a typical workday for you?

Once I get in the building or logged in remotely, it’s pretty much off to the races. I meet with my team to exchange ideas, discuss incident trends, brainstorm solutions, and identify potential bottlenecks that could hinder our progress in resolving the tickets assigned to us. Then I start implementing fixes and reaching out to users to resolve their issues. Throw in a couple meetings and some emails and Teams messages, and that pretty much sums up my typical workday.

 

What do you find rewarding about your job? 

Working with users to solve their issues and watching them take those solutions to help others throughout the Bank is very rewarding, as is working with my teammates.

 

What surprised you the most about the Bank?

I think what surprised me the most is how down to earth and relatable people are here at the Bank. In my role, I have to communicate and work across all levels of the organization, and I find this to be true of everyone. 

 

Who do you admire most?

I would say I look up to my dad the most. He is a great role model. He’s been through a lot in life and has always kept his cool and persevered.

 

How do you spend your time outside of the Bank?

I mostly spend my free time with family and friends. I enjoy going to the movies and concerts and trying new restaurants. I enjoy tailgating at sporting events and watching the Bengals and Buckeyes play football. I am also currently working on my golf swing and pool game; both are a work in progress. 

ON THE CALENDAR

Wednesdays! 

Guided tours of the Cleveland Fed, a national historic landmark

What to know before you request a guided tour

October 24–25 

Inflation: Drivers and Dynamics Conference 2024 

Register to attend virtually

By November 1 

Take the 2024 Small Business Credit Survey

Details

November 21–22

2024 Financial Stability Conference

See the agenda and register

June 26–27, 2025

Policy Summit: Building Strong and Sustainable Communities
Mark your calendar: The Cleveland Fed’s largest event returns next year!

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