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Announcing Our Incoming President & CEO

Beth M. Hammack

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Latest Inflation Numbers

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Median PCE Inflation

Median PCE inflation rate
+0.3% in April 2024

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Inflation Expectations

10-year expected inflation: 2.45%

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Easily compare small business data in new Fed chartbooks

Analyzing small business data across firm and owner characteristics can provide a helpful framework for understanding business experiences and credit outcomes. View the 2024 Firms in Focus chartbooks from the 2023 Small Business Credit Survey.

President’s Speech: Forward Guidance and Monetary Policy Communications: Use Your Words and Connect the Dots

President Mester delivered remarks for a panel discussion at the Bank of Japan in Tokyo on May 28, 2024.

For Many Who Want to Own a Home, It’s Tough—Even in Affordable Places Like Ohio

Homebuyers, housing experts, and Cleveland Fed researchers discuss the state of affordable homeownership and why it matters.

Notes from the Field
The Importance of High-Quality Early Childhood Education for Children and the Economy
Access to high-quality ECE can support families’ participation in the economy and can pave the way for children to reach their full potential, contributing to a stronger economy for everyone.
Community Development Reports
Home Lending Trends from Select Counties in Kentucky, Ohio, and Pennsylvania: 2018–2022
This series of reports examines home mortgages and refinances from 2018 through 2022 for seven large counties in Kentucky, Ohio, and Pennsylvania.
Economic Commentary
Regional Economic Sentiment: Constructing Quantitative Estimates from the Beige Book and Testing Their Ability to Forecast Recessions
This Economic Commentary use natural language processing methods to quantify the sentiment expressed in the Beige Book’s anecdotal summaries of current economic conditions in the national and 12 Federal Reserve District-level economies.
Community Development Reports
Worker Voices Special Brief: Self Employment: Dreams vs. Reality
Worker Voices provides a unique view into how job seekers and workers without a four-year degree navigated the labor market during the COVID-19 pandemic and through the recovery — and how it changed what they expect from a job.
Research
Economic Commentaries
Publications
Program on Economic Inclusion

A stable economy for all

That’s our goal at the Cleveland Fed. Serving the Fourth Federal Reserve District, we strive to ensure the health of our monetary system through our role in regulating financial institutions, and we promote education and community development through research and programming.

Our work

Leadership

History

Culture

Work with us

Looking for your next opportunity? We’re proud to be ranked a top place to work in Northeast Ohio, offering the benefits you need and the work-life balance you want in addition to promoting an inclusive culture of diversity and acceptance. Join us in our mission to strengthen the economic performance of the nation and our region and make a positive impact on the communities we serve.

Our careers
Engaging and rewarding

Working as a software developer for the bank in Information Technology is engaging and rewarding. I get to build valuable solutions for customers while working with a team who foster creativity, innovation, and learning. There is never a dull moment in IT.

— Frank Cerny, Software Developer II