A discussion of the changes in the structure of the banking system since the 1970s, with an emphasis on the 1984 recommendations of the Task Group on Regulation of Financial Services.

Economic forecasts are essential tools for monetary policymakers. But behind the numbers of any given forecast, demand- or supply-side factors could be at play, each requiring very different policy responses. For this reason, explains Sandra Pianalto, the president and chief executive officer of...

Sandra Pianalto, president and chief executive officer of the Federal Reserve Bank of Cleveland, addressed the Akron Roundtable on November 20, 2003. She discussed the economy and the nature of economic change. This Commentary is adapted from her remarks.

This Commentary contains an insider’s view of the decisionmaking process followed by the monetary policymakers of the FOMC. In particular, Sandra Pianalto, president and CEO of the Federal Reserve Bank of Cleveland and a member of the FOMC, describes her take on the objectives, principles, and...

Sandra Pianalto, president and chief executive officer of the Federal Reserve Bank of Cleveland, discusses the way the Federal Reserve System ensures that different regions of the country are represented in making monetary policy, describes the way our economy is changing, and suggests some ways...

The economy has been expanding for the past few years, but concerns are growing over the pressures placed on it by fiscal deficits, current account imbalances, and energy shocks. Sandra Pianalto, president and CEO of the Federal Reserve Bank of Cleveland, explains why she thinks the Federal...

An examination of the nature of economic recovery, with an analysis of the performance of past employment expansions in the Fourth Federal Reserve District, and discussion of the outlook for autos, steel, and capital goods.

Sandra Pianalto is the president and chief executive officer of the Federal Reserve Bank of Cleveland. This Commentary contains the text of her remarks to the Forecaster’s Club of New York on April 22, 2004.

Since early 1994, the FOMC has taken many steps toward increasing the amount of information it conveys to the public about its actions. Sandra Pianalto, a Federal Reserve Bank president and FOMC participant, outlines the evolution of increasing transparency in FOMC communications and suggests a...

Careful readers of FOMC communications will note that in addition to talking about actual inflation, the committee often talks about inflation expectations. Sandra Pianalto, the president and chief executive officer of the Federal Reserve Bank of Cleveland, explains the important role that...