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...

Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto told those attending her speech today to the Dayton Chamber of Commerce that a healthy small business sector is critical to the nation's economic recovery. In her remarks, she also discussed the challenges small businesses face...

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...

In a speech at the REO and Vacant Property Strategies for Neighborhood Stabilization Summit, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto discussed the weak housing market in her region and some of the ideas that have emerged from the Bank's research and outreach efforts...

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...

In order to set monetary policy appropriately, policymakers need to assess current economic conditions, understand how the economy got to where it is, and have a good idea of where it is heading. Because economic conditions are always in flux, good communications are important to successful...

When the economy slows, monetary policymakers face pressure to deviate from their longer-term goals to address short-term problems. This Commentary argues that the Fed must stay focused on the long term—maintaining the stable purchasing power of the dollar. The Commentary is adapted from a...

While central bankers must focus on delivering price stability and other mandates in their own countries, they must also monitor international developments closely because national trade and financial markets have become increasingly interconnected. Sandra Pianalto, president and chief executive...

Central banks have done a very impressive job of achieving low and stable rates of inflation in recent years. But despite past successes, they must always be ready to deal with new challenges that might arise. Sandra Pianalto, president and CEO of the Federal Reserve Bank of Cleveland, discusses...

This Commentary is adapted from Ms. Pianalto's remarks at the annual forecast dinner of the Home Builders' Association of Greater Akron, January 27, 1999.