In a speech to the Economic Club of Pittsburgh, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto discussed why and how the Bank develops its economic forecasts and why the role of judgment becomes paramount for forecasting during uncertain times such as these. She concluded...

President Pianalto discusses the characteristics of international reserve currencies and the benefits that a country - or a region such as the Eurozone - can enjoy if its currency fulfills that role. She concludes with comments on why global currency competition provides an incentive for central...

President Pianalto spoke about some of the economic challenges that are facing both the U.S. economy and the regional economy. She described some forces that will lead us into economic recovery. She also discussed the Federal Reserve’s strategy for dealing with the challenges we are facing.

President Pianalto briefly described some forces that will help pull our economy out of its steep decline. She discussed why several long-standing imbalances within the economy will likely cause the recovery to proceed slowly. Finally, she discussed some structural changes in the labor market...

I will begin with some background on how we make monetary policy decisions. Next, I will explore how our economy's performance is influencing the Federal Reserve's monetary policy decisions. Finally, I will discuss how clear communications can factor into the policymaking process.

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.

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.

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.

In a speech today to business leaders in Fort Myers, Florida, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto shared her economic outlook and discussed some significant headwinds that she expects will limit the rate of growth in the US for the next couple of years. She also...