Trio of videos explains different types of inflation
When did the United States experience stagflation, what are recent examples of hyperinflation, and—hold on—what exactly are stagflation and hyperinflation? View the videos.
Workforce
Looking ahead in 2023
Where is inflation headed? Should we anticipate slower population growth and slower labor force growth? Watch or read the transcript of our January 10 public FedTalk event.
The aftermath of the pandemic recession for workers
A sharp recovery in labor market conditions after the 2020 recession led workers displaced during the pandemic to experience better earnings and employment outcomes than workers displaced in previous recessions. Read more.
People and Households
For some, pay raises don’t lead to increased financial stability
A higher-paying job can disqualify someone from receiving rental or food assistance benefits, and the increase in pay isn’t always enough to fill the gap. See how the “benefits cliff” is explored in this multimedia story.
Student debt highly concentrated among households with low net worth
Who stands to benefit the most from student debt cancellation? Find out in this Economic Commentary that looks at households by income, net worth, and estimates of lifetime wealth.
Looking at wealth mobility over a shorter horizon
Wealth mobility is generally thought of as a long-term measure: how likely it is that a family will improve its economic standing in, say, a decade. Read to learn what researchers found when they examined wealth mobility over a shorter time frame.
Tackling rent index differences
Rent is the largest component of the consumer price index, but prominent rent growth indices often give strikingly different measures of rent inflation. Using rent microdata, researchers explain the differences.
Small Business
Here’s a puzzle
An average Black household engaged in entrepreneurial activity has a higher rate of return on its business than a non-Black household. This finding raises a question: Why are entrepreneurship rates much lower among Black and Hispanic households than among white households?
1 in 10 small employer businesses suffered losses from natural disasters in 2021
A fact sheet also reveals a majority of affected firms have taken some action in the past five years to address their natural disaster risk, and the most common step taken was purchasing insurance. See the findings.
Outreach
Conversations with community members inform the Fed
Every once in a while, the Fed may invite you to answer a survey, join a roundtable, or be part of a focus group. Here’s why we’re knocking at your door—and why you should answer.
Outreach
Scholars wanted
The Cleveland Fed invites undergraduate students to join its May 5 Economic Scholars Program, a free economic research conference that brings students together to share their work, network with peers, and explore Federal Reserve careers. Explore this opportunity.
Pass the cash
Wonder where your local bank gets its money? Look inside the Cleveland Fed’s Cash Department.
Economic Inclusion
Closing the digital divide
In her latest Reflections piece, Cleveland Fed president Loretta J. Mester discusses how expanding access to high-speed broadband internet among urban and rural households is a key to creating an inclusive economy. Read her remarks.
Small Business
Capturing the voices of small businesses
Community Development team members at the Cleveland and New York Feds received recognition for helping collect vital economic data to aid policymakers looking to connect small businesses to important resources. Learn more.
Housing
Small mortgages, big barriers
With traditional lenders often reluctant to offer mortgages less than $100,000 because of low profit margins, a Cleveland nonprofit has stepped up to assist homebuyers wanting to borrow such amounts. Explore small-dollar mortgages.
Home purchase loans’ growth stronger for Black borrowers than for non-Black borrowers
Analysis of mortgage data in seven counties in Ohio, Pennsylvania, and Kentucky finds growth in home purchase originations was much stronger for Black borrowers than for non-Black borrowers between 2018 and 2021, when an “exceptional combination of events” happened for the housing market. See the numbers.
Question: How does having a council of outside experts influence and improve the work the Cleveland Fed does in support of underserved and lower-income people and communities?
Tracey: It’s really important for us, in concentrating our efforts in certain directions, to understand people’s experiences through community stakeholders’ lenses. The mission of the Cleveland Fed’s Community Development Department is to support and promote economic resilience and mobility for low- and moderate-income neighborhoods, and we believe we can have the most impact in three core areas: workforce and economic development, affordable housing and quality neighborhoods, and access to credit and capital for small businesses. The Federal Reserve does research and analysis, but there would be a huge void if we didn’t listen to and learn from community stakeholders who provide greater insight on how the economy is impacting people’s lives. One of these stakeholder groups is our Community Advisory Council (CAC).
Read the entire Q&A, in which Tracey Mason, who leads the Cleveland Fed’s Community Advisory Council, explains how its insights inform the Bank's work.
March 10, 2023
Deadline for undergraduate students to apply for our Economic Scholars Program, scheduled for May 5 online and in Cleveland.
Teachers, sign up your high school classrooms for You Make I.T. Better, a program that invites high school students to explore STEM career paths with Bank employees.
