Much has been made of the so-called jobless recovery of the past two business cycles—that is, their atypically weak employment growth early in the expansion phase. This Commentary examines the factors that account for this behavior, focusing on two key measures: the probabilities of job...

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...

President Pianalto described the turmoil in financial markets, as well as the Federal Reserve’s actions to address the situation.

In a speech at Case Western Reserve University, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto discussed how the recovery is unfolding, focusing on the stubborn nature of high unemployment and her concern about our uncomfortably low rate of inflation. She also explained why...

I remain convinced that low and stable inflation rates will help us prosper as a nation. I hope that my remarks will help to dispel some of the mystery surrounding the Federal Reserve and help you to better understand our commitment to price stability and maximum sustainable growth.

In a panel discussion at the University of Akron in Akron, Ohio, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto gave a brief overview of her current outlook for the economic recovery and for inflation.

In a speech to the Pittsburgh Chapter of the Association for Corporate Growth, President Pianalto presented her current outlook for the economic recovery and inflation, and described some risks to that outlook. She also discussed the Federal Reserve's monetary policy and the benefits of an...

President Pianalto spoke about some of the economic challenges facing the U.S. and explained why the outlook for this year will be strongly influenced by developments in the housing and financial markets. She described some forces that will lead us into economic recovery. She also discussed the...