• It’s intern season! Are you interested in learning more about internships at the Cleveland Fed? Join us to learn more about our intern opportunities and career paths: Link https://t.co/uVeDhi28wi
    ClevelandFed Thu 16 Sep 2021 14:31

    Have you ever thought about what it’s like to work at the Federal Reserve Bank of Cleveland? Do you want to learn more about the work we do and the communities we serve? Join us for FedUniversity to learn about our yearly summer internship program and exciting career opportunities for college and university students. You’ll learn about the application process, how to prepare for an internship, and how to make the most of your summer experience at the Bank. We will also feature a panel of speakers from different departments to talk about their career journeys, the work they do, and their experiences working at the Bank.

    A Q&A session will follow the presentation. Please share this invitation with college and university students, administrators, and others who you think would benefit from attending this session. This event will also be posted on Handshake.

  • As more people get #vaccines, will the way people save money, fear job loss, and stockpile food change? Will people’s opinions change about how long the #COVID19 outbreak will last? We’ve been asking these questions for a year and we’ll keep asking them. Link https://t.co/OJWfVkXHaf
    ClevelandFed Wed 15 Sep 2021 22:05
    Background: The Cleveland Fed has been maintaining a survey of consumers for their views on how they are responding to COVID-19, the illness caused by the novel coronavirus of late 2019, and how COVID-19 is likely to impact the economy. Description: We update the results from these surveys on a weekly basis.
  • Need an #inflation update? We released two sets of #data this week. Get our latest inflation expectations here: Link And you’ll find the most recent median CPI here: Link
    ClevelandFed Wed 15 Sep 2021 21:10
    Description: We report estimates of the expected rate of inflation over the next 30 years along with the inflation risk premium, the real risk premium, and the real interest rate. How we get our estimates: Our estimates are calculated with a model that uses Treasury yields, inflation data, inflation swaps, and survey-based measures of inflation expectations. Download our spreadsheet to see all the inflation expectations model’s outputs. ### Description: We calculate the median CPI and the 16 percent trimmed-mean CPI based on data released in the Bureau of Labor Statistics’ monthly CPI report. Median CPI is the one-month inflation rate of the component whose expenditure weight is in the 50th percentile of price changes. 16 percent trimmed-mean CPI is a weighted average of one-month inflation rates of components whose expenditure weights fall below the 92nd percentile and above the 8th percentile of price changes. Benefits: By omitting outliers (small and large price changes)...
  • We are celebrating #HispanicHeritageMonth by highlighting members of our SomosUno Resource Network Group! Today Veronica shares why she is proud to be a Latina: https://t.co/8d9KoauM94
    ClevelandFed Wed 15 Sep 2021 17:30
  • The Cleveland Fed has more than economists. Learn more about various career opportunities by joining us for the FedExploration program! Thought about a career at the Cleveland Fed? Here is your chance to learn more about different career pathways: Link https://t.co/7uE2rPh2gM
    ClevelandFed Wed 15 Sep 2021 15:30

    The Federal Reserve Bank of Cleveland invites you to attend FedExploration, an information session to learn about exciting career opportunities and pathways at the Bank. Join us to hear from a panel of speakers from different departments talk about their career journeys, the work they do, and their experiences working at the Bank.

    A Q&A session will follow the presentation. Please share this invitation with those who may be interested in learning more about careers at the Federal Reserve Bank of Cleveland.

  • Join the Dallas Fed and @Austin College for the virtually held 15th Annual Economic Scholars Program Conference on October 22, 2021. Applicants and proposals for student roles close September 15 at 5:00 pm CT. Learn more: Link https://t.co/Uori9KtykU
    ClevelandFed Wed 15 Sep 2021 14:30

    October 22, 2021 Virtual Conference

    The Economics Scholars Program (ESP) is a collaborative effort between Austin College and the Federal Reserve Bank of Dallas to foster the involvement of undergraduate economics students in all facets of research.

    The cornerstone of the ESP is the annual ESP Conference. Since 2007, student scholars and faculty from institutions across the U.S. and Canada have come together to share undergraduate student-initiated or student–faculty coauthored works, ideas about the role of undergraduate research in the curriculum and the challenges and concerns of undergraduates who conduct research.

  • Annually employees participate in a #UnitedWay campaign to help our communities. Co-chair Valerie Thompkins shares that she enjoys being a part of the campaign because she is driven to serve and the UW mission resonates closely with her! https://t.co/V4wPMuiDKc
    ClevelandFed Tue 14 Sep 2021 21:14
  • The Cleveland Fed's latest estimate of 10-year expected inflation is 1.63%. Link https://t.co/40U3reJYiL
    ClevelandFed Tue 14 Sep 2021 20:39
    Description: We report estimates of the expected rate of inflation over the next 30 years along with the inflation risk premium, the real risk premium, and the real interest rate. How we get our estimates: Our estimates are calculated with a model that uses Treasury yields, inflation data, inflation swaps, and survey-based measures of inflation expectations. Download our spreadsheet to see all the inflation expectations model’s outputs.
  • The median CPI rose 0.3% in August. #CPI Link https://t.co/Wch5BGL3ei
    ClevelandFed Tue 14 Sep 2021 19:09
    Description: We calculate the median CPI and the 16 percent trimmed-mean CPI based on data released in the Bureau of Labor Statistics’ monthly CPI report. Median CPI is the one-month inflation rate of the component whose expenditure weight is in the 50th percentile of price changes. 16 percent trimmed-mean CPI is a weighted average of one-month inflation rates of components whose expenditure weights fall below the 92nd percentile and above the 8th percentile of price changes. Benefits: By omitting outliers (small and large price changes) and focusing on the interior of the distribution of price changes, the median CPI and the 16 percent trimmed-mean CPI can provide a better signal of the underlying inflation trend than either the all-items CPI or the CPI excluding food and energy (also known as core CPI).
  • Investing in #racialequity and #diversity and #inclusion? We produce and deliver data relating to #race, information about efforts to increase #economicinclusion, and details about how we—your Federal Reserve Bank—are acting to change the status quo.? Link https://t.co/Z9BuYD2baz
    ClevelandFed Tue 14 Sep 2021 18:29

    In a monthly email, we’ll deliver to you, and more than 3,200 other subscribers, a personal letter, our latest work, and a calendar of events. Join us and subscribe now to Cleveland Fed Digest.

  • The #SmallBusinessCreditSurvey is now open! For-profit #SmallBiz owners, share your successes, your challenges, and your outlook for the future. Survey ends November 19: Link https://t.co/5bnnhPhHOg
    ClevelandFed Tue 14 Sep 2021 16:29
  • Creating a team for #FedChallenge? Don’t forget to register by September 30, 2021. See full rules: Link https://t.co/hvlZezYrf3
    ClevelandFed Tue 14 Sep 2021 15:29

    The Federal Reserve, along with other co-sponsoring Federal Reserve Banks and regional planning universities, have made the decision to again host the National College Fed Challenge virtually to ensure the competition can be held in 2021. Please see College Fed Challenge 2021 Rules and Steps.

    The virtual format will continue to allow schools outside the current Fed Challenge districts to compete in a newly created "at-large" new region.

  • #Loretta Mester scheduled for interviews at 9 a.m. ET on CNBC and at 1:05 p.m. ET on Bloomberg TV tomorrow, (Friday) in connection with the Kansas City Fed’s annual Jackson Hole policy conference – in virtual format this year
    ClevelandFed Thu 26 Aug 2021 15:02
  • Amazing. Inspiring. Powerful. These are three ways #PolicySummit2021 attendees described this #PolicySummit2021 plenary session: Tell Your Story: Finding Economic Resilience in the Voices of Our Communities.” You can watch the recording here: Link https://t.co/vI80l59IrE
    ClevelandFed Thu 26 Aug 2021 14:47
  • As more people get #vaccines, will the way people save money, fear job loss, and stockpile food change? Will people’s opinions change about how long the #COVID19 outbreak will last? We’ve been asking these questions for a year and we’ll keep asking them. Link https://t.co/adbR9IL6f1
    ClevelandFed Wed 25 Aug 2021 22:06
    Background: The Cleveland Fed has been maintaining a survey of consumers for their views on how they are responding to COVID-19, the illness caused by the novel coronavirus of late 2019, and how COVID-19 is likely to impact the economy. Description: We update the results from these surveys on a weekly basis.
  • RT @FedCommunities: While @ClevelandFed Regional Outreach Manager Bonnie Blankenship works on many initiatives, her work in the housing fie…
    ClevelandFed Wed 25 Aug 2021 21:06
  • Recently the Cleveland Fed launched its search for a new First Vice President: Link https://t.co/FtJPqBnHF5
    ClevelandFed Wed 25 Aug 2021 15:51

    The Federal Reserve Bank of Cleveland today announced that it has begun the search for the Bank’s new first vice president and chief operating officer.

    The first vice president and chief operating officer is the second-ranking official of the Cleveland Reserve Bank, with responsibility for overseeing a broad range of services to financial institutions, the U.S. Treasury, and other stakeholders. The position also directs the Bank’s operations and risk management, has executive oversight of the Transforming Tax Collections program, and is accountable for fostering a corporate culture that embraces diversity, equity, inclusion, and opportunity.

    Gregory L. Stefani, who has served as first vice president and chief operating officer with the Cleveland Fed since 2011, announced in May that he plans to retire from the Bank by January 31, 2022.

    Dwight Smith, chair of the Bank’s board of directors, said, “As Greg demonstrated during his exemplary tenure, the position...

  • For the economy to live up to its full potential, everyone must be able to participate. Check out our Program on #EconomicInclusion—it seeks to explain economic disparities and their impact on the economy. Link https://t.co/cppGP4biDG
    ClevelandFed Wed 25 Aug 2021 14:46

    Are there well-paying jobs for people without a four-year college degree? If so, what (and where) are these jobs? The Cleveland Fed, in partnership with Atlanta and Philadelphia Feds, finds out. Read more.

  • The #pandemic put a spotlight on the topic of #broadband. Our latest blog looks at how the @FederalReserve has investigated broadband access long before the #pandemic. Link
    ClevelandFed Tue 24 Aug 2021 17:45

    by Erik Tiersten-Nyman

    Considering that my internship has been an all-virtual experience this summer, I should not have been surprised when the topic of broadband and the digital divide was a reoccurring theme throughout the Federal Reserve Bank of Cleveland’s Policy Summit 2021. During the closing keynote, Cleveland Fed president, Loretta J. Mester, said, “[Broadband] is not only a rural issue, but an urban one, too…digitalization is happening in all parts of the economy.” Access to broadband was a theme in the Cleveland Fed’s summer 2021 Community Issues Survey report, too. Many survey respondents reported that their clients—people in low- and moderate-income communities—had difficulties accessing broadband and computer services, making it difficult to cope with the shift to digital formats resulting from the pandemic. During my time at the Bank, I was reminded time and time again—access to broadband is integral in today’s economy.

    Though the pandemic has...

  • Please join us in congratulating George Sample, assistant vice president and deputy director for the Office of Minority and Women Inclusion, on winning a Crain’s Cleveland Excellence in HR award! Link https://t.co/EjBo1yTWon
    ClevelandFed Tue 24 Aug 2021 16:45
  • Nonemployer firms, businesses with no employees other than the owner(s), make up 81% of US #SmallBusinesses. Did they get the funding they needed during the #pandemic? Read the #SBCS report: Link https://t.co/G48p7iy6rd
    ClevelandFed Tue 24 Aug 2021 14:44

    Businesses with no employees other than the owner often turned to personal funds in response to financial challenges during the pandemic. These nonemployers were less likely than employer firms to seek pandemic-related emergency funding and less likely to be approved.

  • You can still watch the #PolicySummit2021 plenary: Common Ground in Urban and Rural America: What Has Undermined – and What Can Build - #EconomicResilience. Watch the recording now: Link https://t.co/xCEFT4ok46
    ClevelandFed Mon 23 Aug 2021 18:43
  • The #pandemic changed the scene of #education for years to come. What have we learned from this past year, and what lies ahead for our schools? Ask your important questions to our expert education panel at our next #FedTalk on August 25. Register now: Link https://t.co/KORtkogsCH
    ClevelandFed Mon 23 Aug 2021 14:43
  • Our building may be 98 today, but we are still going strong! Thank you to all of our great employees who have served our communities for the last century. Join our team and be part of our next 98 years: Link https://t.co/MCfGV8xfcl
    ClevelandFed Mon 23 Aug 2021 14:18

    Our mission is founded in public service—strengthening the economic performance of the nation and our region and making a difference in the communities we serve. At our Bank, you’ll get the benefits you need and have the work–life balance you want. Your health, finances, and professional achievement matter to us. And our culture is one of inclusion, in which diversity of thought is encouraged and uniqueness embraced.

    Be part of something big. Be part of our future. Make the Federal Reserve Bank of Cleveland your next career move.

  • Nonemployer firms, businesses with no employees other than the owner(s), make up 81% of US #SmallBusinesses. Did they get the funding they needed during the #pandemic? Read the #SBCS report: Link https://t.co/Rkn5zAkEzb
    ClevelandFed Sat 21 Aug 2021 13:21

    Businesses with no employees other than the owner often turned to personal funds in response to financial challenges during the pandemic. These nonemployers were less likely than employer firms to seek pandemic-related emergency funding and less likely to be approved.

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