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.

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.

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.

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.