Federal Reserve Bank of Cleveland

Beige Book signals economy remains weak

The latest edition of the Federal Reserve's Beige Book, which charts business conditions in the 12 districts overseen by the regional Feds, indicates the pace of economic activity remains slow across most of the US.

Shift to e-payments leads to Fed job cuts

The US Federal Reserve reductions in cheque processing is likely to result in more than 210 jobs being cut at the Minneapolis Fed, as consumers shift from paper checks to electronic payments.

Cleveland Fed's Pianalto on national currencies

In the speech 'The internationalization of national currencies' given on 27 March Sandra Pianalto of the Federal Reserve Bank of Cleveland said the United States benefits from the fact that a large share of world currency reserves is held in dollars.

Pianalto says FOMC eyeing inflation risks

The Federal Reserve is keeping an eye on inflation because of a risk that price growth will not moderate as much as it had expected, Cleveland Federal Reserve president Sandra Pianalto said on Tuesday 27 March.

Cleveland Fed's Pianalto on economic conditions

In the speech 'National and regional economic conditions' given on 18 January Sandra Pianalto of the Federal Reserve Bank of Cleveland said financial markets seem confident that the Federal Reserve will bring inflation back down, but there is a risk…

Pianalto on monetary policy & the economic outlook

In the speech 'Monetary policy and the economic outlook' given on 6 November Sandra Pianalto of the Federal Reserve Bank of Cleveland warned that another hike in U.S. interest rates might be warranted if inflation failed to fall fast enough to satisfy…

Cleveland's Pianalto on the Federal Reserve System

In the speech 'An overview of the Federal Reserve System' given on 5 October Sandra Pianalto of the Federal Reserve Bank of Cleveland said the official data that are available are just not current enough for a forward-looking enterprise like monetary…

Cleveland's Pianalto on inflation and expectations

In the speech 'Inflation, Inflation Expectations, and Monetary Policy' given on 8 September Sandra Pianalto of the Federal Reserve Bank of Cleveland said low and stable inflation expectations provided some comfort that a pause in August was not too risky…

Comment: Hawkish Fed

After a string of speeches by its senior staff this week, the Fed appears to be in an increasingly hawkish mood. The growing perception that that US interest rates will have to rise further could be bolstered by today's release of consumer price data for…

Pianalto on economic conditions & monetary policy

In the speech 'Economic conditions and monetary policy' given on 12 June Sandra Pianalto of the Federal Reserve Bank of Cleveland said recent news on US inflation has been troubling, but if the economy moderates as forecast, an interest rate at 5% is…

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