The size of the gap between rent paid by new tenants and rent paid by existing tenants remains high, suggesting that consumer price index rent inflation will remain above its prepandemic norm, researchers found.
Many employers in Greater Cincinnati still struggling to fill jobs, President Hammack hears
A roundtable discussion with business and community leaders and a visit to a worker training center highlighted challenges that employers and workers face today. Cleveland Fed president and CEO Beth M. Hammack met with people in southwestern Ohio and northern Kentucky in her ongoing Around the District tour of the region served by the Cleveland Fed.
High school educators: Want your students to learn more about economics?
This year, students nationwide have the opportunity to learn more about economic research and gain national attention for their work. Consider registering for and submitting a podcast script for the Federal Reserve System High School Fed Challenge.
The State Small Business Credit Initiative is a complex but significant source of funding and technical assistance for many businesses still recovering from the pandemic, just starting out, or seeking to grow.
The size of the gap between rent paid by new tenants and rent paid by existing tenants remains high, suggesting that consumer price index rent inflation will remain above its prepandemic norm, researchers found.
Center for Inflation Research, European Central Bank host annual inflation conference
Top researchers from academia, central banks, and other policy institutions gathered in person at the Cleveland Fed and virtually for Inflation: Drivers and Dynamics 2024.
Is unemployment insurance missing vulnerable workers?
Among laid-off workers with the lowest incomes, those who receive unemployment insurance tend to have much higher savings than those who don’t, researchers found.
Economic Inclusion Tracking policy changes, trends in employment, and pattern of social benefits for low-income families
Low-income families with children and relatively high earnings from work received a higher share of income from social benefits in the last decade than they did 30 years ago, while the share of income from social benefits is little changed for low-income families without children, researchers learned.
Native residents of the four biggest metro areas in the region the Cleveland Fed serves—Cleveland, Columbus, Cincinnati, and Pittsburgh—remain in their home metros at rates that exceed the national average.
Business activity stabilizes from prior period’s decline, say Cleveland Fed contacts
Regional experts report an uptick in loan interest for both households and businesses, with some pointing to the recent reduction in interest rates as moving the needle.
Our Speakers Bureau arranges for experts to give free presentations to professional, business, and civic organizations for groups of 25 or more on a variety of economic topics.
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 Tim Nelson, a senior officer in the Cleveland Fed’s Law Enforcement Unit (LEU). Tim is one of the Bank’s fitness coordinators and helps run the day-to-day operations of its Fitness Center. As you might expect, he is passionate about the health and wellness of others. When someone is embarking on a new fitness journey, he advises, “take it slow, and set realistic goals to build your confidence.”
What is a typical workday for you?
I arrive to work, change into my uniform, and get my firearm from the armory. After roll call, my fellow officers and I head out to our first scheduled post. We rotate posts throughout the day to help keep us alert and at the ready. Our day changes depending on the situations we encounter, so there is no typical day as an LEU officer.
What do you find rewarding or enjoyable about your job?
I value the relationships I have made. I enjoy meeting new people and interacting with our employees. As an LEU officer, I have undergone a lot of training, much of which I thankfully don’t have to use often. Knowing I can perform if needed is rewarding and reassuring.
How do you spend your time outside of the Bank?
When I am not at work, I like to go to concerts, participate in races, or try new restaurants in the area. I also work with an animal rescue and foster dogs. My girlfriend and I usually have anywhere from three to five dogs in our house at any given time.
What is your greatest accomplishment?
One of my greatest accomplishments was an overnight 12-hour GORUCK Tough event. As a group, we rucked (walked with weight on our backs) and carried over 800 pounds of sandbags and ammo cans through a 15-mile course with stops for group exercise along the way. The event was led by a former Navy SEAL and honored the military personnel who died in Operation Red Wings. It was the hardest endurance event I have participated in—very humbling.
ON THE CALENDAR
Wednesdays!
Guided tours of the Cleveland Fed, a national historic landmark
