President Pianalto gave a brief perspective on the national economy and then described some of the longer-term challenges we have been facing here in Ohio. Finally, she discussed the importance of innovation and human capital to the region's future.

Cleveland Fed President Pianalto discusses monetary policy and economic conditions, both nationally and regionally. Mindful of the risks in the housing sector and inflation that she identifies, she expects that the new year (2007) will bring our nation's economy continued growth.

Cleveland Fed President Pianalto discusses monetary policy and economic conditions, both nationally and regionally. Mindful of the risks in the housing sector and inflation that she identifies, she expects that the new year (2007) will bring our nation's economy continued growth.

Tonight, I will talk about a subject that I am sure is on all of our minds - renewing our region's economy. I will comment on the economic transitions we are facing in Northeast Ohio, and I will discuss the critical role that education can play in reinvigorating our region.

Tonight, I will talk about a subject that I am sure is on all of our minds - renewing our region's economy. I will comment on the economic transitions we are facing in Northeast Ohio, and I will discuss the critical role that education can play in reinvigorating our region.

Economists at our Bank have concluded that differences in state income levels over the past 75 years can be explained mostly by two factors: innovation and education. In simple terms, those states that enhance their knowledge base are the ones that are likely to prosper in the future.

Economists at our Bank have concluded that differences in state income levels over the past 75 years can be explained mostly by two factors: innovation and education. In simple terms, those states that enhance their knowledge base are the ones that are likely to prosper in the future.

In a speech at Oberlin College, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto described the issues the Federal Reserve considers when making monetary policy decisions. She also gave her outlook on the economy and discussed why she decided that purchasing additional Treasury...